CRV (Curve) - Bullish signal breaking up 0,80
Scenario :
A complex corrective pattern is underway above 0,33 Tactical Support (Elliot Wave Y B) and bullish exit from this consolidation will be validate once 0,80 resistance will be reintegrated. The idea is to accumulate a bullish position in the oversold area from 0,50 support to anticipate the bullish exit.
Key Elements:
- The long-term trend analysis show potential towards 8,25 as long as 0,147 Strategic support remains valid
- The mid-term element as RSI and Moving average are still showing an active bearish set up however RSI is diverging which is showing an extrem oversold situation calling for a reversal soon.
- The Fibonacci key level at 0,33 remains valid and acts as key support
Trade Idea : Bullish
Conviction : 
(Low) We will turn the conviction to medium in case of 0,80 resistance surpassed
- - Target 1 : 1,63 (140%)
- - Confirmation level : 0,80 (16%)
- - Buy in setback at 0,50
- - Stop: 0,147 (-50%)