Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.02591 to 0.02240). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (0.02591)
• Ending of entry zone (0.02240)

Midterm forecast:

• While the price is above the support 0.01720, beginning of uptrend is expected.
• We make sure when the resistance at 0.04240 breaks.
• If the support at 0.01720 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the trough at 0.01975 on 2022-05-12 and the trough at 0.01718 on 2022-06-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A peak is formed in daily chart at 0.03800 on 02/23/2023, so more losses to support(s) 0.02591, 0.02240, 0.01950 and minimum to Major Support (0.01720) 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 48.

Take Profits:

1. 0.03285
2. 0.03510
3. 0.03799
4. 0.04240
5. 0.05714
6. 0.07655
7. 0.11530
8. 0.14960
9. 0.17800
10. 0.23987
11. 0.26490
12. 0.29295