hello guys!
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/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.