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 0.57189, resumption of downtrend is expected.
• We make sure when the support at 0.55957 breaks.
• If the resistance at 0.57189 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.60200 on 09/02/2022, so more losses minimum to Major Support (0.55957) 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 28.

Supports and Resistances:

1. 0.66314
2. 0.65051
3. 0.63792
4. 0.63170
5. 0.62597
6. 0.61793
7. 0.60867
8. 0.60187
9. 0.59597
10. 0.59000
11. 0.58546
12. 0.58000