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 0.71000, beginning of uptrend is expected.
• We make sure when the resistance at 0.75300 breaks.
• If the support at 0.71000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.7169 on 02/22/2022, so more gains to resistance(s) 0.7335, 0.7380, 0.7475 and maximum to Major Resistance (0.7530) 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 54.

Supports and Resistances:

1. 0.7380
2. 0.7335
3. 0.7256
4. 0.7100
5. 0.6897