The market is in the uptrend on the Daily price chart. The price is around the support level now. The correction came to an end on October 3 and the pullback buying opportunity was formed.
The movement in recent days has formed a new support level with the borders of $0.4457 – $0.4168.
The nearest target for the upward movement is the resistance level with the borders of $0.4882 – $0.5109 formed on September 29 – October 1.
If the market is closed above this resistance successfully, the price is likely to move forward to the target #2 – it is the resistance level with the borders of $0.6485 – $0.6572 formed on May 4 – 5.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of September 27 – 29.
The movement in recent days has formed a new support level with the borders of $0.4457 – $0.4168.
The nearest target for the upward movement is the resistance level with the borders of $0.4882 – $0.5109 formed on September 29 – October 1.
If the market is closed above this resistance successfully, the price is likely to move forward to the target #2 – it is the resistance level with the borders of $0.6485 – $0.6572 formed on May 4 – 5.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of September 27 – 29.