Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (13.50 to 12.45). 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 (13.50)
• Ending of entry zone (12.45)

Midterm forecast:

• While the price is above the support 12.45, beginning of uptrend is expected.
• We make sure when the resistance at 23.30 breaks.
• If the support at 12.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
• A trough is formed in daily chart at 13.50 on 08/17/2023, so more gains to resistance(s) 17.20, 19.15, 21.19 and maximum to Major Resistance (23.30) 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 44.

Take Profits:

1. 14.85
2. 17.20
3. 19.15
4. 21.19
5. 23.30
6. 27.25
7. 30.35
8. 40.55
9. 45.70
10. 60.00
11. 77.00
12. 94.42
13. 133.92
14. 179.85