$ILV coin
SHORT
Price: 11.22
(Enter on entry price)
ILV is currently forming a falling wedge pattern, which is typically a bullish setup. However, ILV has already touched the upper trendline resistance, so I expect a short-term move down toward the lower support trendline. For now, I’m bearish on ILV.
Looking at the 12h Coinglass liquidation heatmap, there’s a lot of upside liquidity. Based on this and the current chart pattern, ILV is likely to move downward first before any potential breakout.
On the downside, BTC is showing bearish signs, which could negatively impact altcoins like SNX. So keep that in mind before entering any trades.
10x leverage isolated
Sl: 11.39
Target:
1) 11
2)10.90
3)10.80
4)10.70
For daily new signals like this, by following these simple steps:
Click my Binance LIVE for more information and signals update