AzizKhanZamani

IKVUSDT Price Action| Trend| Falling Wedge| Support

Long
BINANCE:ILVUSDT   ILV / TetherUS
Evening Traders,

Today’s analysis – ILVUSDT- trading in a clear falling wedge pattern where a break bullish is probable,

Points to consider,
- Price Action Corrective
- Local S/R Zone Support
- Local S/R Resistance
- Low Volume

ILVUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the support zone , allowing for a bullish bias.

The Local Resistance is the main objective, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx is highly imminent when testing a key trade location.

Overall, in my opinion, IULVUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

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