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 4.747, continuation of downtrend is expected.
• We make sure when the support at 2.620 breaks.
• If the resistance at 4.747 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 4.750 on 04/12/2023, so more losses to support(s) 3.256 and minimum to Major Support (2.620) 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 30.