Technical analysis by CryptoAnalystSignal about Symbol ILV: Buy recommendation (5/11/2025)

#ILVThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a rebound from the lower boundary of the descending channel, which is support at 16.40.We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the upward trend.We are looking for stability above the 100 moving average.Entry price: 16.62First target: 17.11Second target: 17.67Third target: 18