Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 0.64597, beginning of uptrend is expected.
• We make sure when the resistance at 0.68405 breaks.
• If the support at 0.64597 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 0.64792 on 2023-07-18 and the trough at 0.6457 on 2023-08-30, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
• A trough is formed in daily chart at 0.64561 on 08/30/2023, so more gains to resistance(s) 0.66543, 0.67190, 0.67910 and maximum to Major Resistance (0.68405) 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 69.

Take Profits:

1. 0.66543
2. 0.67190
3. 0.67910
4. 0.68405
5. 0.69129
6. 0.69700
7. 0.71000
8. 0.73086
9. 0.75048
10. 0.77041
11. 0.78650