ILV head & shoulders pattern forming at the end of the year

$ILV token is heading towards major support zone at high 900s. Crypto market is in a consolidation phase, which may take a while given the severity of the latest drop. I expect a relief rally bounce at the mentioned zone of support, which happens to cross latest HTF resistance trend line . The relief rally may bring us back to ~$1300 level marked by the left shoulder. If the pattern completes it would mean that the crypto market is weak, especially altcoins market.
Comment: First signs of bottoming visible
Comment: Pattern completed, good entry to go long with tight stop-loss under the formation


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.