Trading suggestion:

Price is in the Trend Hunter Buy Zone (2.330 to 2.050).

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

• Beginning of entry zone (2.330)
• Ending of entry zone (2.050)

Midterm forecast:

• While the price is above the support 1.500, beginning of uptrend is expected.
• We make sure when the resistance at 3.506 breaks.
• If the support at 1.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 36 is not broken, the probability of price decrease would be too low.
• A peak is formed in daily chart at 2.565 on 04/28/2023, so more losses to support(s) 2.050 and minimum to Major Support (1.500) 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 43.

Take Profits:

1. 2.983
2. 3.506
3. 4.036
4. 4.470
5. 5.350
6. 5.982
7. 6.808
8. 7.362
9. 8.140
10. 8.848
11. 9.382
12. 9.960
13. 10.514