The price has been trading in and above the daily support zone for a few days. The likeliness of the price to move up is higher here and therefore, a long is favorable here. The target of this long should be the weekly resistance zone. The conservative target would be the start of that weekly resistance zone around 0.4480.
The price has hit the weekly support and it is likely that the price will bounce from here. I believe it will head for the daily resistance 1 zone with L1, S2 and L3 sequence. However, let us focus on L1 first and then we reevaluate it further.
