Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7475 to 0.7521). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (0.7475)
• Ending of entry zone (0.7521)

Midterm forecast:

• While the price is below the resistance 0.75210, beginning of downtrend is expected.
• We make sure when the support at 0.70850 breaks.
• If the resistance at 0.75210 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
• While the RSI downtrend #2 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 0.7400 on 11/25/2021, so more losses minimum to Major Support (0.7085) 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 30.

Take Profits:

1. 0.7380
2. 0.7339
3. 0.7300
4. 0.7245
5. 0.7145
6. 0.7085
7. 0.6897