Midterm forecast: While the price is above the support of 22.15, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 22.87 on 08/20/2021, so more gains to resistance(s) 24.50, 25.75, 26.60, and maximum to Major Resistance (28.75) is expected. Price is above WEMA21, if a price drops more, this line can act as dynamic support against more losses. The relative strength index (RSI) is 47.
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