In the Metaverse startup bubble, we are witnessing the fall of several assets.
Here I will analyze Illuvium.
The project may be well-reasoned and so on, but the price doesn't lie.
We have a book setup here.
Bullish waves from 1 to 5.
Then we have the formation of a shoulder-head-shoulder figure.
If we project the head height to the reverse (down) side, we have...
According to our last analysis of ILV we expect the price can support after impact to the trendline support and rise up to the resistance zone that we shown on chart,but its not happend and break the trendline support and now the power of bearish is becoming weak it can go up to reach to the trendline resistance now
If it can break the key point level...
1H trend chart
ILV is building a possible cup and handle pattern.
If price can break out the upper downtrend line, trading strategy as below.
a) 1300.1-----Red horizontal ray
If you like this analysis, smash the "like button" and...
Green support areas
Red resistance zones
Yellow zone area
Uptrend on big time frames
The number of coins displayed is limited and few
Currently the renaissance of Cryptocurrency that support metaverses
take the chance
Here is another asset I have been mentioning that has moved due to BTCs recent push upwards. The RSI looks a bit high right now so you should expect it to consolidate into a continuation pattern soon and head up even further. This will likely create a small cup and handle further confirming the move higher. Thanks again everyone!
So here is an asset I hold and I see promise in. I have been a part of their discord for awhile to see how the project is coming along. Anyways we have a bull flag signaling continuation. You can see the flag tested previous levels in line with the recent alt pullback and is now heading up. This flag has produced a target around 1800. Thanks again everyone.