Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.2303 to 0.2140).

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

• Beginning of entry zone (0.2303)
• Ending of entry zone (0.2140)

Midterm forecast:

• While the price is above the support 0.2140, beginning of uptrend is expected.
• We make sure when the resistance at 0.3318 breaks.
• If the support at 0.2140 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.2140 on 08/17/2023, so more gains to resistance(s) 0.2303, 0.2550, 0.2800 and maximum to Major Resistance (0.3318) 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 38.

Take Profits:

1. 0.2550
2. 0.2800
3. 0.3318
4. 0.3676
5. 0.4127
6. 0.5018
7. 0.5680
8. 0.7500
9. 1.1570
10. 1.9286
11. 2.1924
12. 2.9529
13. 3.3400
14. 3.6300
15. 4.8450