$ILV #arab #crypto #TradingMadeEasy #binance #Everyone

### ILVUSDT Technical Analysis (1-Hour Chart)

#### **Trend Analysis**:

- **Current Trend**: Up. The price rose from around 37.00 to 42.85, indicating strong upward momentum.

**Moving Averages**:

- The 7-period moving average (40.66) is above the 25-period moving average (38.80) and the 99-period moving average (39.29), confirming the short-term bullish trend.

- The price is well above all major moving averages, which usually indicates a continuation of the short-term uptrend.

#### **Support and resistance levels**:

- **Current Resistance**: 42.85 (recent high).

- **Next Resistance**: 43.14 (Psychological level based on the upper area).

- **Current Support**: 40.99 (previous high before the rally).

- **Next Support**: 38.85 (price breakout point with strong trading volume).

#### **Japanese Candlestick Patterns**:

- Recent candles show a sharp rise, with long green candles indicating strong buying pressure. However, the current small candle around 42.61 indicates a possible short-term volatility or slight correction.

#### **Volume Analysis**:

**Increased Volume**: There is a significant increase in trading volume, indicating strong momentum behind the recent upward move. High volume during an uptrend confirms the strength of buyers.

#### **Indicators Analysis**:

- **MACD**: Bullish. The MACD line (0.887) is above the signal line (0.458), showing increasing momentum. However, any potential bearish crossover should be watched.

- **RSI 6**: 88.59 – In the overbought zone. This level indicates that the market may be overbought and needs a correction or stabilization.

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### **Trading Recommendations**:

#### **Plan A (Buy Deal)**:

- **Entry Point**: Entry at around **41.50** if the price returns to support.

**Take Profit (TP)**: Target at **43.14** (next resistance).

- **Stop Loss (SL)**: Place stop loss at **40.50** (below the price explosion level).

- **Duration**: Short-term, 4-8 hours.

- **Note**: Due to the RSI indicator in the overbought zone, watch for signs of weakness. If the price drops below 40.50, exit the trade.

#### **Plan B (Sell Deal)**:

- **Entry Point**: Enter a sell trade if the price fails to break the **43.00** level and a reversal pattern appears.

- **Take Profit (TP)**: Target at **39.50** (next major support).

- **Stop Loss (SL)**: Set stop loss at **43.50** to protect the trade in case of further breakout.

- **Duration**: Short-term, 6-12 hours.

- **Note**: Due to the current strong uptrend, short positions should be traded with caution. A tight stop loss is recommended.

#### **Plan C (if the trend reverses to a downside)**:

- **Entry Point**: Consider selling if the price drops below **38.80** with high trading volume.

- **Take Profit (TP)**: Target at **37.00** (previous low).

- **Stop Loss (SL)**: Set at **39.50** (above recent support).

- **Duration**: Medium term, 1-2 days.

#### **Plan D (if there is a bullish breakout above 43.14)**:

- **Entry point**: Enter a buy trade above **43.14**.

- **Take Profit (TP)**: Target at **45.00** (psychological resistance).

- **Stop Loss (SL)**: Place at **42.00** to reduce risk in case of false breakout.

- **Duration**: Short-term, 4-6 hours.

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### **Conclusion**:

The market is bullish but showing signs of overbought. **Short-term traders** may wait for a slight correction to enter a long trade, while **long-term traders** may wait for signs of weakness or failure at resistance levels.

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**Trading Recommendation**: 💼 Enter a **Buy Trade** at **41.50**, place Stop Loss at **40.50**, and Take Profit at **43.14** for short-term profit. 💼

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