Technical analysis by Losarinz about Symbol CRV: Buy recommendation (5/31/2025)

🧠 Refined Trade Setup (Long)Entry Price: ~0.6416Stop-Loss: ~0.6350Take-Profit Target: ~0.6943Risk-Reward Ratio: Approximately 1:4 – high potential reward relative to risk.🔍 Key Technical DetailsSupport Level: Clear and strong support at 0.6402, marked on chart.Multiple tests of this level suggest possible bottoming or accumulation.Trendline (Bearish): Still intact. A break above that downward-sloping red dotted line would be a bullish signal.📈 IndicatorsRSI (Middle Panel):Currently around 39.7, still in the bearish-neutral zone.Not oversold, but close – suggesting some room for upside if a reversal starts.MACD (Bottom Panel):Histogram turning lighter green = bullish momentum weakening, possibly stalling.Signal lines (green/red) are close together, possibly coiling for a move.⚠️ Market ContextThe setup is counter-trend (going long in a downtrend), which means extra caution is required.A bullish break of the descending trendline would add confirmation to the setup.Current price action shows tight consolidation above support—often a precursor to a breakout or breakdown.✅ Bullish Signs:Multiple support touches without breakdown.Decent reward if the trade plays out.Potential for trendline breakout.❌ Bearish Risks:RSI and MACD not clearly bullish.No current breakout confirmation.Could be a bear flag instead of accumulation.