IVL made new low with BTC moves in last few months and is now oversold with bullish divergence. Stoch RSI showing overbought so some ranging at current levels is likely. When looking at pattern we see some similarities to AIOZ which once it broke diagonal resistance line pushed up to test November 2021 pivot (pivot that many alts that pumped in last 12 months tested...). I expect ILV after some ranging also to bounce up toward diagonal resistance line and once we break it I expect strong push up leading to test of ATH range aka November 2021 pivot.
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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.