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 0.98380, beginning of uptrend is expected.
• We make sure when the resistance at 1.01490 breaks.
• If the support at 0.98380 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the trough at 0.95705 on 2021-12-06 and the trough at 0.94479 on 2022-01-31, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
• A trough is formed in daily chart at 0.9784 on 03/15/2022, so more gains maximum to Major Resistance (1.0149) 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 66.

Supports and Resistances:

1. 1.0535
2. 1.0415
3. 1.0265
4. 1.0149
5. 1.0000
6. 0.9838
7. 0.9673