Midterm forecast: While the price is above the support 0.02450, resumption of uptrend is expected. We make sure when the resistance at 0.03085 breaks. If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.02750 on 11/04/2020, so more gains maximum to Major Resistance (0.03085) 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 36.
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