The trends of 4 hours and 1 hour are bullish, with prices strongly rebounding from recent lows and continuously creating higher highs and higher lows. Currently, prices are constructing a constructive consolidation above the key EMA averages, preparing for the next wave of upward movement.
The triggering signals are very clear, especially on the 15-minute chart. After a brief pullback, prices found solid support at EMA(25) and EMA(99). The most critical confirmation signal is the 15-minute RSI indicator, which found support near the 50 midline during the pullback and turned upward again, indicating that bullish momentum remains strong and the pullback is over. This “RSI holding at 50” pattern is a classic signal for trend continuation.
Entering now is a high-probability trade, as we are buying in an established uptrend at a validated support area. The price structure (above key EMA) and momentum indicators (RSI > 50) are fully aligned, indicating that bulls are completely in control of the market. We expect prices to soon break out of the consolidation zone, retest, and possibly break through the previous high of 0.385.
Executable setup (LONG)
Entry: Market price 0.377
TP1: 0.385
TP2: 0.390
TP3: 0.395
SL: 0.370
$CRV
