Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3302 to 0.3160). 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 (0.3302)
• Ending of entry zone (0.3160)

Midterm forecast:

• While the price is above the support 0.4100, continuation of uptrend is expected.
• We make sure when the resistance at 0.5490 breaks.
• If the support at 0.4100 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.4590 on 09/11/2023, so more gains to resistance(s) 0.5100 and maximum to Major Resistance (0.5490) 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.

Take Profits:

1. 0.3730
2. 0.4195
3. 0.4450
4. 0.5100
5. 0.5490
6. 0.6570
7. 0.8000
8. 1.0165
9. 1.2300
10. 1.3500
11. 1.7000
12. 1.9677
13. 3.3000