Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3250 to 0.2870). 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 (0.3250)
• Ending of entry zone (0.2870)

Midterm forecast:

• While the price is above the support 0.2870, beginning of uptrend is expected.
• We make sure when the resistance at 0.5500 breaks.
• If the support at 0.2870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #2 is broken, so the probability of beginning of uptrend is decreased.
• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 0.4100 on 07/30/2022, so more losses to support(s) 0.3250 and minimum to Major Support (0.2870) 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 37.

Take Profits:

1. 0.3659
2. 0.4100
3. 0.4500
4. 0.5074
5. 0.5500
6. 0.6570
7. 0.8000
8. 1.0165
9. 1.2300
10. 1.3500
11. 1.7000
12. 1.9677
13. 3.3000