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 above the support 0.004500, resumption of uptrend is expected.
• We make sure when the resistance at 0.007000 breaks.
• If the support at 0.004500 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.004440 on 05/12/2022, so more gains to resistance(s) 0.005700, 0.006130, 0.006500 and maximum to Major Resistance (0.007000) 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 51.

Supports and Resistances:

1. 0.009000
2. 0.007500
3. 0.007000
4. 0.006500
5. 0.006130
6. 0.005700
7. 0.005338
8. 0.005000
9. 0.004500