While the price is above the support 25.65, resumption of uptrend is expected.
We make sure when the resistance at 29.85 breaks.
If the support at 25.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
While the support #2 at 52 is not broken, the probability of price decrease would be too low.
A peak is formed in at 28.85 on 09/ 01 /2020, so more losses to support(s) 26.20 and minimum to Major Support (25.65) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 53.
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