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 0.4215, continuation of downtrend is expected.
• We make sure when the support at 0.2390 breaks.
• If the resistance at 0.4215 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.4215 on 02/16/2023, so more losses to support(s) 0.2955, 0.2665 and minimum to Major Support (0.2390) 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 31.

Supports and Resistances:

1. 3.1000
2. 2.3797
3. 1.9097
4. 1.6345
5. 1.2450
6. 0.9060
7. 0.6695
8. 0.5845
9. 0.4215
10. 0.3800
11. 0.3450
12. 0.2955
13. 0.2665
14. 0.2390