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 62.00, continuation of downtrend is expected.
• We make sure when the support at 30.60 breaks.
• If the resistance at 62.00 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 45.57 on 05/17/2023, so more losses to support(s) 38.75, 36.00 and minimum to Major Support (30.60) 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 39.