Analysis of the Chart:



1. Support and Resistance Levels:


• Support: The 0.1150 level is acting as a strong support area. This area has been tested many times before and defended by buyers.


• Resistance: The levels of 0.1500 and 0.2000 are obvious as short-term resistance. Especially when 0.1500 is broken, it is predicted that the price may encounter a rapid increase.



2. Trend Analysis:


• The general outlook is bullish. The previously broken falling trend line indicates that the market is entering an upward momentum.


• There may be consolidation (horizontal movement) in the short term, but the general trend is expected to continue upward.



3. Formations:


• Falling Wedge Formation: The falling wedge formation on the chart is seen to be broken upwards. This generally signals an uptrend.


• After this formation, it is estimated that the price may move towards the target levels of 0.2500 and 0.3000.



4. Target Prices:


• Short Term Target: If the 0.1500 level is exceeded, the price is expected to rise to the 0.2000 level.


• Medium Term Target: 0.2500 and 0.3000 levels stand out as potential targets.



5. Indicators:


• Volume: Increasing volume indicates that the uptrend is supported. Increasing volume during a downtrend breakout is a positive signal.


• RSI: It may be moving into the overbought territory, but there is still room for further upside.


• Moving Averages (MA): Confirmation of an uptrend when short-term averages (e.g. 50-day) are above long-term averages (e.g. 200-day).



6. Strategy Proposal:


• Buying Opportunity: The 0.1150 level is the ideal support area for buying. Stop-loss should be kept below 0.1100 in positions taken from this area.


• Profit Taking Points: The first target is 0.1500, then 0.2000 and 0.2500 levels should be monitored.


• Risk Management: It is recommended to use tight stop-loss below support levels in short-term positions.



General Advice:


• The charts and indicators indicate that the uptrend will continue. However, it is important to be cautious considering the market volatility. A strategy of buying from support levels and gradually taking profits at targets can be followed.