Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (77.500 to 75.000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (77.500)
• Ending of entry zone (75.000)

Midterm forecast:

• While the price is above the support 75.000, beginning of uptrend is expected.
• We make sure when the resistance at 98.931 breaks.
• If the support at 75.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI resistance #1 at 47 is broken, so the probability of beginning of uptrend is increased.
• A peak is formed in daily chart at 86.900 on 01/03/2023, so more losses to support(s) 77.500 and minimum to Major Support (75.000) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 40.

Take Profits:

1. 86.804
2. 89.230
3. 91.660
4. 96.070
5. 98.931
6. 103.260
7. 113.761
8. 123.265
9. 131.000