$NIL From the chart, this looks like a bullish continuation structure.
Likely pattern:
Bull Flag / Bullish Pennant (short-term uptrend)
Why:
• Strong impulsive move up from ~0.056 → ~0.077 (flagpole).
• Then a small consolidation / pullback without breaking structure.
• Higher highs & higher lows overall.
• EMA alignment bullish (EMA 7 > EMA 25 > EMA 99).
• Price holding above key EMAs, showing trend strength.
Additional confirmation:
• RSI (6 & 12) is high → momentum strong but slightly overbought, so short pullbacks are normal.
• Volume expansion on push up supports continuation.
• Resistance zone around 0.077–0.078 (previous high).
What it usually means:
• If price breaks and holds above 0.077–0.078, continuation toward the next resistance is likely.
• If rejected, expect a healthy pullback toward EMA 25 / EMA 99 before another attempt.
📌 In simple terms:
This is a bullish flag / continuation pattern, not a reversal.
If you want, I can also mark support–resistance or give a scalp vs swing trade view based on this chart.
