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 3.350, beginning of uptrend is expected.
• We make sure when the resistance at 9.600 breaks.
• If the support at 3.350 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 6.550 on 12/02/2022, so more losses to support(s) 4.700 and minimum to Major Support (3.350) 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 47.