ILV Technical Analysis in a Weekly Timeframe

21 agoHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

ILV is at the edge of the support trendline and is likely to hold the price, as it has in the past. The all-time low for ILV was $28.83, but the weekly close was around $38, and so far, ILV has respected the support trendline.

With the current price at $42.7, ILV is once again testing the support, and a rebound can be expected soon. The RSI is close to the oversold zone, indicating a potential reversal in the upcoming weeks.

Key levels:

- Support/Accumulation: $28.83-$38.
- Initial Target: $150 to $200.
- RSI: Close to the oversold zone.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE