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 0.70600, resumption of downtrend is expected.
• We make sure when the support at 0.68249 breaks.
• If the resistance at 0.70600 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.68280 on 05/12/2022, so more gains maximum to Major Resistance (0.70600) 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 45.

Supports and Resistances:

1. 0.80050
2. 0.77800
3. 0.76564
4. 0.75640
5. 0.73930
6. 0.73177
7. 0.71703