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 0.300, beginning of uptrend is expected.
• We make sure when the resistance at 0.711 breaks.
• If the support at 0.300 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 0.515 on 08/29/2023, so more losses to support(s) 0.396 and minimum to Major Support (0.300) 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 46.

Supports and Resistances:

1. 28.367
2. 20.125
3. 17.523
4. 12.718
5. 11.199
6. 6.250
7. 2.535
8. 2.090
9. 1.554
10. 1.184
11. 0.996
12. 0.858