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 40.30, beginning of uptrend is expected.
• We make sure when the resistance at 65.85 breaks.
• If the support at 40.30 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
• While the RSI downtrend #2 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 55.95 on 09/24/2022, so more losses to support(s) 50.00, 46.40 and minimum to Major Support (40.30) 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.

Supports and Resistances:

1. 413.50
2. 388.93
3. 333.08
4. 281.63
5. 232.63
6. 189.79
7. 133.99
8. 115.50
9. 93.50
10. 84.33
11. 74.40
12. 65.85