Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• 0.003700 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• There is a divergence in RSI and price between the trough at 0.002021 on 2022-05-12 and the trough at 0.001801 on 2022-06-18, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
• The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
• A trough is formed in daily chart at 0.001800 on 06/18/2022, so more gains to resistance(s) 0.003200 and maximum to Major Resistance (0.003700) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 52.

Supports and Resistances:

1. 0.031593
2. 0.025449
3. 0.023085
4. 0.016899
5. 0.014450
6. 0.011670
7. 0.008882
8. 0.007335
9. 0.006037
10. 0.004697