This isn't your typical pullback.
$ILV is about to hit a snag on the short-term, but don't touch those shorts.
EMA indicators are all in a bullish alignment,
RSI has already surpassed 77,
price has deviated from the moving averages by over 10%,
this combo is called "too much divergence".
๐ Volume has surged by 3 times, which indicates someone is chasing,
but the big players often flip the script when retail traders jump in.
Following the principle of bullish overbought conditions on moving averages,
this adjustment is just the opportunity, not a reason to short.
The key is whether 4.7832 can hold.
If it holds,
$ILV continues bullish.
What if it doesn't hold?
Then itโs not a pullback, itโs a swap.
โ ๏ธ Technical analysis is for reference only and does not constitute investment advice
#ILV #ETH $ILV