Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.000 to 0.000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 2.74, the probability of continuation of downtrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 2.74 and expect to reach short-term targets.

• Beginning of entry zone (0.000)
• Ending of entry zone (0.000)

Midterm forecast:

• 1.8550 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A trough is formed in daily chart at 0.885 on 07/13/2022, so more gains to resistance(s) 1.070, 1.190, 1.400 and maximum to Major Resistance (1.855) 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 51.

Take Profits:

1. 0.000
2. 18.440