Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.4000 to 0.3865). 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 (0.4000)
• Ending of entry zone (0.3865)

Midterm forecast:

• While the price is above the support 0.3865, beginning of uptrend is expected.
• We make sure when the resistance at 0.8800 breaks.
• If the support at 0.3865 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.3865 on 09/13/2023, so more gains to resistance(s) 0.5000, 0.5600, 0.6390 and maximum to Major Resistance (0.8800) 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 56.

Take Profits:

1. 0.4535
2. 0.5000
3. 0.5600
4. 0.7250
5. 0.8800
6. 1.1100
7. 1.3000
8. 1.5900
9. 1.8700
10. 2.6500
11. 3.7250
12. 4.6500
13. 6.0336
14. 6.8000