Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.79288 to 0.78891). 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 (0.79288)
• Ending of entry zone (0.78891)

Midterm forecast:

• 0.78891 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
• A trough is formed in daily chart at 0.81635 on 12/13/2023, so more gains to resistance(s) 0.83351, 0.84764, 0.85971 and more heights 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 63.

Take Profits:

1. 0.81161
2. 0.82355
3. 0.83351
4. 0.84764
5. 0.85971
6. 0.87220
7. 0.88291
8. 0.89824
9. 0.92729
10. 0.95191