IDRV – Market Structure & Projection ("cup and handle")Market Context
1. IDRV has completed a multi-month bottoming structure resembling a rounded accumulation base.
2. Price has broken above local resistance, confirming a bullish shift in trend.
3. RSI signals alternating bear/bull divergences, showing momentum compression before expansion.
2. Accumulation & Breakout Structure
4. Multiple higher lows since early 2024 indicate sustained accumulation.
5. The breakout above the neckline marks the beginning of an upward trend cycle.
6. Volume and structure support continuation rather than a fake-out.
3. Bullish Continuation Zone
7. The chart highlights a bullish expansion zone between $38 and $42.
8. Holding above this zone confirms trend strength and supports further upside.
9. A clean retest in this area offers a high-probability reload opportunity.
4. Projection Target
10. The projected upside shows a potential +56% move, targeting the $48–$52 region.
11. This aligns with previous supply zones and Fibonacci extension symmetry.
12. Price is expected to follow an ascending impulse pattern into 2026.
5. Risk Management
13. Invalidations occur below the $34–$35 support band where trend structure breaks.
14. A loss of this zone signals a likely return to the accumulation range.
15. Watch RSI bear signals during the climb for early signs of exhaustion.
6. Summary
16. Rounded base → Breakout → Retest → Expansion.
17. Structure supports continued bullish momentum into 2026.
18. Target zone remains $48–$52 if support is maintained.
Long
