Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.04900 to 0.04525). 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 (0.04900)
• Ending of entry zone (0.04525)

Midterm forecast:

• While the price is above the support 0.04525, beginning of uptrend is expected.
• We make sure when the resistance at 0.09280 breaks.
• If the support at 0.04525 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 61 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 0.04525 on 11/14/2022, so more gains to resistance(s) 0.05460, 0.05835, 0.06535 and maximum to Major Resistance (0.09280) 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 48.

Take Profits:

1. 0.05460
2. 0.05835
3. 0.06535
4. 0.07240
5. 0.08290
6. 0.09280
7. 0.10178
8. 0.11576
9. 0.12935
10. 0.15202
11. 0.18000
12. 0.21600
13. 0.29500