Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.191 to 2.060). 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 (2.191)
• Ending of entry zone (2.060)

Midterm forecast:

• While the price is above the support 3.000, resumption of uptrend is expected.
• We make sure when the resistance at 3.705 breaks.
• If the support at 3.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the peak at 3.626 on 2023-10-09 and the peak at 3.703 on 2023-10-31, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
• A peak is formed in daily chart at 3.420 on 11/14/2023, so more losses to support(s) 3.072 and minimum to Major Support (3.000) 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 41.

Take Profits:

1. 2.735
2. 3.000
3. 3.440
4. 4.036
5. 4.470
6. 5.350
7. 5.982
8. 6.808
9. 7.362
10. 8.140
11. 8.848
12. 9.382
13. 9.960
14. 10.514