Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.62117 to 0.61300).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (0.62117)
• Ending of entry zone (0.61300)

Midterm forecast:

• While the price is above the support 0.61300, beginning of uptrend is expected.
• We make sure when the resistance at 0.65300 breaks.
• If the support at 0.61300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The double bottoms taking shape.
• There is a divergence in RSI and price between the trough at 0.62126 on 2022-05-13 and the trough at 0.61926 on 2022-06-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• A peak is formed in daily chart at 0.63950 on 06/16/2022, so more losses minimum to Major Support (0.61300) 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 38.

Take Profits:

1. 0.63974
2. 0.65300
3. 0.67296
4. 0.68892
5. 0.70330
6. 0.72150
7. 0.74650