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 below the resistance 25.900, beginning of downtrend is expected.
• We make sure when the support at 22.092 breaks.
• If the resistance at 25.900 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 22.125 on 02/08/2024, so more gains to resistance(s) 23.500, 24.500, 25.157 and maximum to Major Resistance (25.900) 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 46.

Supports and Resistances:

1. 60.000
2. 49.800
3. 44.200
4. 37.500
5. 29.850
6. 28.304
7. 26.940
8. 25.900
9. 25.157
10. 24.500
11. 23.500
12. 11.250
13. 9.400
14. 8.450
15. 7.650
16. 7.000
17. 6.200
18. 5.450
19. 4.400