Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 0.615, beginning of uptrend is expected.
• We make sure when the resistance at 0.940 breaks.
• If the support at 0.615 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A trough is formed in daily chart at 0.760 on 11/22/2023, so more gains maximum to Major Resistance (0.940) 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 55.

Take Profits:

1. 0.740
2. 0.850
3. 0.940
4. 1.055
5. 1.270
6. 1.490
7. 1.960
8. 2.370
9. 4.135
10. 4.590
11. 5.365
12. 6.190
13. 8.425
14. 9.170