Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 5.194, resumption of uptrend is expected.
• We make sure when the resistance at 8.176 breaks.
• If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 61.

Supports and Resistances:

1. 8.827
2. 8.176
3. 7.458
4. 6.520
5. 5.835
6. 5.194