Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.191 to 2.060). 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 (2.191)
• Ending of entry zone (2.060)

Midterm forecast:

• While the price is above the support 1.500, beginning of uptrend is expected.
• We make sure when the resistance at 3.000 breaks.
• If the support at 1.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
• A peak is formed in daily chart at 2.800 on 05/19/2023, so more losses to support(s) 2.191, 2.060 and minimum to Major Support (1.500) 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 40.

Take Profits:

1. 2.733
2. 3.000
3. 3.440
4. 4.036
5. 4.470
6. 5.350
7. 5.982
8. 6.808
9. 7.362
10. 8.140
11. 8.848
12. 9.382
13. 9.960
14. 10.514