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 1.86994, beginning of uptrend is expected.
• We make sure when the resistance at 1.96214 breaks.
• If the support at 1.86994 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
• While the RSI support #2 at 42 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 1.92225 on 07/06/2022, so more gains maximum to Major Resistance (1.96214) 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 50.

Supports and Resistances:

1. 2.10300
2. 2.05278
3. 2.02650
4. 1.98427
5. 1.96214
6. 1.81200