#ILV/USDT#ILV
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 13.56.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 13.80
First target: 14.00
Second target: 14.25
Third target: 14.58
Ilvidea
ILV/USDT: High profit potential with decent riskThis is a perfect example for textbook swing trade.
Price is waiting to breakout from the resistance line after a significant crash and consolidation.
Price trend has reversed and the only way is "UP" with the current bullish sentiment.
Enter the trade only after the successful breakout. Wait for our confirmation before entering trade, we will update this ideas with our entry
Entry Price : 120-130 (Wait for our entry)
StopLoss : 70
TP1 : 150
TP2 : 190
TP3 : 250
TP4 : 350
TP5 : 450
Stay tuned for more updates.
Please like and share your thoughts in the comments.
Cheers
GreenCrypto