Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.396 to 2.203). 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 (2.396)
• Ending of entry zone (2.203)

Midterm forecast:

• While the price is below the resistance 4.768, resumption of downtrend is expected.
• We make sure when the support at 3.434 breaks.
• If the resistance at 4.768 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 3.490 on 12/30/2021, so more gains to resistance(s) 4.160, 4.760 and maximum to Major Resistance (4.768) 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 45.

Take Profits:

1. 2.600
2. 2.750
3. 2.900
4. 3.150
5. 3.434
6. 3.650
7. 4.160