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 0.82604, beginning of uptrend is expected.
• We make sure when the resistance at 0.84464 breaks.
• If the support at 0.82604 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 0.83162 on 2024-09-24 and the trough at 0.82595 on 2024-11-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• A peak is formed in daily chart at 0.84470 on 10/31/2024, so more losses to support(s) 0.82940 and minimum to Major Support (0.82604) 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 42.

Supports and Resistances:

1. 0.90000
2. 0.89400
3. 0.88660
4. 0.88123
5. 0.87647
6. 0.86923
7. 0.86175
8. 0.85386
9. 0.84981
10. 0.84464
11. 0.84003
12. 0.83597
13. 0.82940