$ID has been in a persistent downtrend for almost 2 months now. Currently, it is consolidating within the same range, a phase that has been going on for the past few weeks. Notably, the levels .24-.25 are acting as crucial and immediate support for $ID, while the volume has been steadily declining.
Anticipating some potential action soon, especially once $btc starts moving as well. A prudent approach would be to consider a good long position once the trend line is convincingly broken (as shown in the chart) with substantial trading volume. Taking partial profits around the .27-29 region.
Looking ahead, if the volume and uptrend sustain, we can target the .33-.34 region as the next potential target.
