Trading suggestion:

Price is below the Trend Hunter Buy Zone (13.90 to 12.07).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (13.90)
• Ending of entry zone (12.07)

Midterm forecast:

• While the price is above the support 9.05, beginning of uptrend is expected.
• We make sure when the resistance at 15.95 breaks.
• If the support at 9.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the trough at 9.71 on 2023-08-22 and the trough at 9.05 on 2023-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 11.20 on 08/29/2023, so more losses minimum to Major Support (9.05) 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 34.

Take Profits:

1. 15.75
2. 18.27
3. 19.85
4. 21.55
5. 26.40
6. 30.35
7. 41.55
8. 52.95
9. 65.55
10. 81.30
11. 103.60
12. 127.30
13. 146.91