Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 0.000575, beginning of uptrend is expected.
• We make sure when the resistance at 0.001152 breaks.
• If the support at 0.000575 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.001145 on 05/23/2022, so more losses to support(s) 0.000730, 0.000664 and minimum to Major Support (0.000575) 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 60.

Take Profits:

1. 0.000941
2. 0.001152
3. 0.001438
4. 0.001617
5. 0.001913
6. 0.002240
7. 0.002602
8. 0.003049