While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03330 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
While the downtrend #1 is not broken, wave in price would continue.
A peak is formed in at 0.03365 on 11/24/2020, so more losses to support(s) 0.02630, 0.02520 and minimum to Major Support (0.02450) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 30.
There is possibility of temporary retracement to suggested Buy Zone (0.02630 to 0.02520). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.02630)
. Ending of entry zone (0.02520)
TP1= @ 0.02845
TP2= @ 0.02965
TP3= @ 0.03185
TP4= @ 0.03330
TP5= @ 0.04045
TP6= @ 0.04850
TP7= @ 0.05695
TP8= @ 0.06955
TP9= @ 0.08550
TP10 = Free
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