After hitting a low late October 2023, Illuvium started to move within a new bullish impulse (5 waves).
The initial bullish breakout (wave i) peaked late November 2023 followed by a correction (wave ii).
The correction ended as a higher low compared to the start of wave i which is necessary for the count to be valid.
Wave ii is followed by wave iii, a higher...
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower...
Illuvium is pulling back to 100EMA support after a clear bullish move, more up-trend against Bitcoin sounds legit.
⚡️⚡️ #ILV/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 7.3%
Current Price:
0.003430
Entry Targets:
1) 0.003316
Take-Profit Targets:
1) 0.003992
Stop Targets:
1) 0.002864
Published By: @Zblaba
$ILV #ILVBTC #Illuvium #P2E...
We've identified a Resistance Breakout on the $ILV/$BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
ILVBTC MONTHLY IS LOOKING VERY GOOD..BECAUSE SOON WE WILL TELL IF IT FINDS SOME SUPPORT.. OR NOT.
It may end up coming to the 78.6% fib level. But on the daily we can see a Double Bottom . So let's see how this plays out, because at the end of the day... This project still has a lot of time to continue to grow.
![ILVBTC: $ILV/#BTC [#Illuvium]: ResistanceBreakout](https://s3.tradingview.com/t/tsbB0mX4_mid.png "$ILV/#BTC [#Illuvium]: ResistanceBreakout")
