Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (3.035 to 2.700). 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 (3.035)
• Ending of entry zone (2.700)

Midterm forecast:

• While the price is above the support 2.700, beginning of uptrend is expected.
• We make sure when the resistance at 5.000 breaks.
• If the support at 2.700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 3.035 on 08/17/2023, so more gains to resistance(s) 3.640, 4.188 and maximum to Major Resistance (5.000) 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.

Take Profits:

1. 3.640
2. 4.188
3. 5.000
4. 5.676
5. 6.439
6. 7.366
7. 9.500
8. 11.400
9. 16.500
10. 22.150
11. 26.700
12. 41.250
13. 50.583
14. 66.676
15. 81.200
16. 96.650
17. 120.150
18. 140.629
19. 167.600
20. 195.550
21. 237.900