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 below the resistance 0.0985, beginning of downtrend is expected.
• We make sure when the support at 0.0700 breaks.
• If the resistance at 0.0985 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the trough at 0.0962 on 2023-01-24 and the trough at 0.0981 on 2023-02-21, and the probability of beginning of downtrend is decreased.
• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A peak is formed in daily chart at 0.0980 on 02/21/2023, so more losses to support(s) 0.0815 and minimum to Major Support (0.0700) 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 49.

Supports and Resistances:

1. 0.7975
2. 0.6905
3. 0.5690
4. 0.4965
5. 0.4265
6. 0.3502
7. 0.3051
8. 0.2415