Seeing a double top in the 4hr, SEED_DONKEYDAN_MARKET_CAP:ILV reaching a level of support. Bigger picture we see it dip down to around $92 before the comeback. In the daily it’s still cooking in the up wedge, PB4 still available for sign up wish I had a referral link. I’m hoping I get access to the beta looks very promising, and amazing. Check it out if you...
ILV has been on a good run, and it’s now reaching a historic resistance point at $109. Everyone anticipating the PB4, if you are into GamingDefi space make sure you sign up for the private beta you still got time.
Illuvium is an open-world fantasy battle game. Like many crypto-based games, ILV was also in a downtrend for a long time, almost since birth. Recently, ILV broke the major downtrend line, went up, then made a downward correction that seems a double bottom pattern been made; and now breaking the minor downtrend line too. Let's see how up this upward wave can go.
#ILV
doesn't have much resistance between now and WAY higher prices.
Definitely can see this scenario play out
If you didn't buy under $100
should you buy now?
your decision ...
Anyway we have a measured move that projects to $311
which I feel can be accomplished rapidly once our local high is taken out.
ILV (Rank #147)
Looks like it has completed a fairly shallow 3 wave correction relative to the overall trend.
Since then it has slumped back almost reaching the 0.618 Golden Window @ $83 in reflection of BTC 10% flash dump today.
I'd really like it to pull back to $60 and will save some allocation for that in case we do see some significant dump action...
ILV/USDT Daily Chart Breakout Alert. Breeaking Horizontal Resistance.
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and are therefore are unqualified...
Illuvium is one of those "promising" gaming coins. Now let's take a look at a long-term perspective. The first triangle (wedging) pattern played out.
Now it's been a while and it formed another one. Very similar scenario if you go on a 1D timeframe.
Only time will tell us if it's ready for another rally to the upside.
So this is a gaming crypto and could potentially gain some traction in the mid-long term once the game is done - Upside here is huge really if this project can achieve any form of success.
Not entirely sure this has bottomed it could squeeze out 1 more low but it should not matter too much.
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...
ILV ready for a breakout now that interest rates are now slowing down and the fed is reversing course of its aggressive tightening ILV will finally be able to recover its lossed. Dont wait to long, only 1.73m coins in ciruclation right now. When this RIPS it FLYS.
Illuvium Pumping - a bull trap or bull run???
Fundamental Factors:
Watch out for the FED data Nov 1st to 4th.
Noteworthy:
The trend is your friend; Identify the trend, ride the trend until it end and reaches it bend.
No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor.
Do not forget the historical wise...
Divergence and potential next move for Illuvium. Downward wedge potential break out could happen, could it happen in the next coming few weeks or do we need to wait until it retraces back down?
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...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart is on the 4h timeframe cause the coin is still relatively new.
This chart is starting off crazy.
The project seems to be a hit, even though the game is not live yet.
Keep an eye on this one, as Illuvium (ILV) is a blockchain game competing with the smash hit Axie Infinity (AXS).
Target is $4400 after 365 days (970% gain)
