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let's analyze the ILV coin!
1. Market Structure & Key Levels:
2. Bullish Potential:
3. Risk Consideration:
Potential for Further Decline: Before any potential bullish move, the price might further dip into the possible hunted area, which needs to hold as support to avoid further downside.
Summary:
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let's analyze the ILV coin!
1. Market Structure & Key Levels:
- Current Price: The asset is trading at around $43.37.
- Possible Hunted Area: The price is nearing a zone that might have liquidity pools where previous stop losses could have been triggered, making it a potential reversal area.
- Engulfed Area: There is a previously engulfed zone indicating strong selling pressure in the past. This area around $145 - $185 may act as a resistance if the price approaches it again.
- Key Resistance Level: The chart highlights a major resistance level at $256.30. This level represents an 8x potential gain from the current price.
2. Bullish Potential:
- 8x Target: The chart suggests a potential move towards $256.30, representing an 837.04% increase from the current price.
- Reversal Opportunity: If the price finds support in the identified hunted area, a bullish reversal could occur, leading to a significant upward move.
3. Risk Consideration:
Potential for Further Decline: Before any potential bullish move, the price might further dip into the possible hunted area, which needs to hold as support to avoid further downside.
Summary:
- Current Price: $43.37.
- Support Zone: Potential reversal around the possible hunted area.
- Resistance Zones:
- $145 - $185: Previously engulfed area, significant resistance.
- $256.30: 8x target from the current price.
- Bullish Scenario: If the price holds the hunted area, there is potential for an 8x move toward $256.30.
- Risk: Further downside is possible if the hunted area does not hold.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
👉my recommended broker:
bit.ly/HYCM-M
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👉my recommended exchange:
bit.ly/LbankMelika
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My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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