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 0.85958, beginning of uptrend is expected.
• We make sure when the resistance at 0.89037 breaks.
• If the support at 0.85958 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.89035 on 10/01/2024, so more losses to support(s) 0.86556 and minimum to Major Support (0.85958) 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 38.

Supports and Resistances:

1. 0.99724
2. 0.97552
3. 0.94340
4. 0.93457
5. 0.91203
6. 0.90043
7. 0.89037
8. 0.88642
9. 0.88033
10. 0.87201
11. 0.86556
12. 0.85958
13. 0.83918