Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (18.227 to 17.520). 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 (18.227)
• Ending of entry zone (17.520)

Midterm forecast:

• While the price is above the support 17.520, beginning of uptrend is expected.
• We make sure when the resistance at 21.200 breaks.
• If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A trough is formed in daily chart at 18.080 on 10/14/2022, so more gains to resistance(s) 19.939, 20.621 and maximum to Major Resistance (21.200) 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 50.

Take Profits:

1. 19.939
2. 20.621
3. 21.200
4. 22.417
5. 24.129
6. 25.986
7. 26.940
8. 28.304
9. 29.850
10. 37.500
11. 44.200
12. 49.800
13. 60.000