Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3440 to 0.3122). 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 (0.3440)
• Ending of entry zone (0.3122)

Midterm forecast:

• While the price is above the support 0.519, continuation of uptrend is expected.
• We make sure when the resistance at 1.315 breaks.
• If the support at 0.519 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• The ascending flag taking shape suggests we will soon see another leg higher.
• A peak is formed in daily chart at 0.8275 on 05/04/2023, so more losses minimum to Major Support (0.5185) 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 40.

Take Profits:

1. 0.4540
2. 0.5185
3. 0.6400
4. 0.7683
5. 0.9700
6. 1.5724
7. 1.7858
8. 2.4735
9. 2.8754
10. 3.2598