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 above the support 0.88980, resumption of uptrend is expected.
• We make sure when the resistance at 0.94610 breaks.
• If the support at 0.88980 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the peak at 0.94608 on 2022-03-07 and the peak at 0.95151 on 2022-04-05, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• A peak is formed in daily chart at 0.95150 on 04/05/2022, so more losses to support(s) 0.91620, 0.89721 and minimum to Major Support (0.88980) 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.

Supports and Resistances:

1. 0.99900
2. 0.99000
3. 0.97600
4. 0.96500
5. 0.95400
6. 0.94610
7. 0.93309