Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (66.145 to 62.000). 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 (66.145)
• Ending of entry zone (62.000)

Midterm forecast:

• While the price is above the support 62.000, beginning of uptrend is expected.
• We make sure when the resistance at 83.000 breaks.
• If the support at 62.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
• A trough is formed in daily chart at 64.360 on 03/20/2023, so more gains to resistance(s) 70.170, 73.599, 76.698 and maximum to Major Resistance (83.000) 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 38.

Take Profits:

1. 70.170
2. 73.599
3. 76.698
4. 80.424
5. 83.000
6. 86.877
7. 89.340
8. 92.888
9. 96.995
10. 100.802
11. 107.746
12. 113.230
13. 120.000
14. 126.350