Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.61871 to 0.61505). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (0.61871)
• Ending of entry zone (0.61505)

Midterm forecast:

• While the price is above the support 0.61505, beginning of uptrend is expected.
• We make sure when the resistance at 0.64342 breaks.
• If the support at 0.61505 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 35 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 0.61875 on 10/31/2024, so more gains to resistance(s) 0.63173, 0.63650 and maximum to Major Resistance (0.64342) 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 36.

Take Profits:

1. 0.63173
2. 0.63650
3. 0.64342
4. 0.64839
5. 0.65570
6. 0.66164
7. 0.67184
8. 0.68275
9. 0.69297
10. 0.71000