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 below the resistance 1.96379, resumption of downtrend is expected.
• We make sure when the support at 1.86994 breaks.
• If the resistance at 1.96379 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• The RSI support #2 at 42 is broken, so the probability of resumption of downtrend is increased.
• While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 1.90645 on 07/22/2022, so more gains maximum to Major Resistance (1.96379) 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 51.

Supports and Resistances:

1. 2.10300
2. 2.05278
3. 2.02650
4. 1.98427
5. 1.96379
6. 1.81200