Trading suggestion:

Price is below the Trend Hunter Buy Zone (16.32 to 12.14).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (16.32)
• Ending of entry zone (12.14)

Midterm forecast:

• While the price is above the support 7.80, beginning of uptrend is expected.
• We make sure when the resistance at 29.65 breaks.
• If the support at 7.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 12.55 on 08/11/2022, so more losses to support(s) 10.50, 9.60 and minimum to Major Support (7.80) 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 53.

Take Profits:

1. 22.60
2. 25.40
3. 29.65
4. 35.76
5. 43.66
6. 53.21
7. 66.84
8. 103.82
9. 140.98
10. 197.90