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Weekly forecast Maker technical chart

Trading suggestion:

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

DateMay 27, 2023 - 15:20
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 819, beginning of downtrend is expected.
  • We make sure when the support at 502 breaks.
  • If the resistance at 819 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 734 on 05/06/2023, so more losses to support(s) 615, 581 and minimum to Major Support (502) 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 42.

Symbol Released Current Forecast
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