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 1.480, beginning of downtrend is expected.
• We make sure when the support at 0.700 breaks.
• If the resistance at 1.480 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 1.490 on 02/23/2023, so more losses to support(s) 1.040, 0.910 and minimum to Major Support (0.700) 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 53.