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 above the support 4.225, beginning of uptrend is expected.
• We make sure when the resistance at 9.700 breaks.
• If the support at 4.225 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 7.000 on 04/18/2023, so more losses to support(s) 5.750, 5.150 and minimum to Major Support (4.225) 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 45.

Supports and Resistances:

1. 55.000
2. 45.000
3. 39.000
4. 32.800
5. 27.788
6. 23.250
7. 20.597
8. 17.000
9. 14.164
10. 11.850
11. 9.700
12. 8.500
13. 7.900
14. 7.000
15. 5.750
16. 5.150
17. 4.225