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 5.300, beginning of uptrend is expected.
• We make sure when the resistance at 9.500 breaks.
• If the support at 5.300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
• While the RSI downtrend #2 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 7.810 on 12/01/2022, so more losses minimum to Major Support (5.300) 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 39.