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 1.240, beginning of uptrend is expected.
• We make sure when the resistance at 2.845 breaks.
• If the support at 1.240 is broken, the short-term forecast -beginning of uptrend- 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 2.405 on 04/19/2023, so more losses minimum to Major Support (1.240) 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.

Supports and Resistances:

1. 20.595
2. 17.814
3. 15.508
4. 11.940
5. 8.305
6. 6.110
7. 4.400
8. 3.442
9. 2.845
10. 2.405
11. 2.090
12. 1.670
13. 1.240
14. 0.900
15. 0.560