Technical analysis by STP_MrNodeItAll about Symbol ILV: Buy recommendation (9/13/2024)

IILV is showing a classic rectangle bottom pattern, signaling a potential long-term buying opportunity. The price is consolidating at what could be the most likely bottom, presenting a favorable risk-to-reward ratio for swing traders.Top of the range: $140-$150A range break could propel ILV towards the next major resistance zones around $400-$500, offering substantial upside.Keep an eye on the price action at the top of this range—if we get a confirmed breakout, this asset could be set for a major move!🔍 Watchlist it for potential entries at support or a breakout above resistance. 🚀#ILV #Illuvium #Crypto #SwingTrade #TechnicalAnalysis #RectangleBottom #Altcoins