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 below the resistance 0.75640, resumption of downtrend is expected.
• We make sure when the support at 0.69900 breaks.
• If the resistance at 0.75640 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 0.7314 on 01/13/2022, so more losses minimum to Major Support (0.6990) 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 46.

Supports and Resistances:

1. 0.8005
2. 0.7850
3. 0.7780
4. 0.7655
5. 0.7606
6. 0.7564
7. 0.7480
8. 0.7407
9. 0.7312
10. 0.6825
11. 0.6685