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 above the support 6.00, beginning of uptrend is expected.
• We make sure when the resistance at 9.20 breaks.
• If the support at 6.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the trough at 6 on 2022-11-09 and the trough at 5.94 on 2022-12-30, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
• A trough is formed in daily chart at 7.10 on 01/18/2023, so more gains maximum to Major Resistance (9.20) 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 69.

Supports and Resistances:

1. 197.90
2. 140.98
3. 103.82
4. 66.84
5. 53.21
6. 43.66
7. 35.76
8. 29.65
9. 25.40
10. 22.60