Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• 1.2450 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• There is a divergence in RSI and price between the trough at 0.501 on 2022-05-12 and the trough at 0.316 on 2022-06-18, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A trough is formed in daily chart at 0.5205 on 07/13/2022, so more gains to resistance(s) 0.9254, 1.0350 and maximum to Major Resistance (1.2450) 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 70.