Hey there, β On the daily timeframe ILVUSDT, we can see that the price has shown a relative increase from the $30 support zone and managed to rise up to the $46 area after breaking the previous high at $42. Following this upward move, the price pulled back to the $36 level and experienced a positive reaction, resuming its growth.
The overall market outlook is bullish, and given the current conditions, if the price stabilizes above the $42 level, the uptrend is expected to continue. In this case, the price could potentially move toward key targets of $47 and $53, with momentum possibly pushing it to $60. Reaching these new levels could indicate the formation of a Higher High (HH).
Monitoring price reactions at key levels, especially after surpassing the $41 zone, is crucial. The current major support level is $36.
π’ Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iβd love to hear your thoughts and share opinions!
Happy trading!βπ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!β
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As expected, the price has increased by 38%, the first target has been reached, and the price is now moving towards the second target.π»π€π
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