12h time frame
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ILV is correcting 40% since 59 days before. This correction could be see as a falling wedge, which is a potential continuation structure. If ILV can get support around 0.382 Fib Projection, that will allow us to find target with Fibs and structural resistance.
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TP: 134~146
SL: 57.8
1h time frame
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ILV breaking the uptrend and creating a double top here.
It's good time to set up a trading plan which has great RRR.
TP: 44.8~45.42 / 43.9 / 42.22
SL: 48.635
1D time frame
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ILV creating falling wedge and consolidating around historic bottom.
Breakout and retest is tining to take entry which has great RRR.
TP: 93~106
SL: 37
1D time frame
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ILV creating a potential symmetrical structure.
49.5 is a good entry to open long.
Try this great return and low risk plan!
Target: 120
SL: 43.4
Illuvium (ILVUSD) hit today its 0.236 Fibonacci retracement level, the first major bullish target after the price broke above the Bear Cycle's Lower Highs trend-line. With a 1D Golden Cross expected in two weeks as long as the 1D MA50 (blue trend-line) keeps supporting, we set eyes on the 0.382 Fib (170.00) and the 0.5 Fib (271.00) in extension by March's end. The...
