ILV reached a demand level in 4h chart and it has broken a bearish trend line, it has a nice R/R ratio.
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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!
- Price already broke the yellow trend line; suggesting the end of this wave, which seems to be a non-standard correction (abcxabc).
- According to Elliot Wave Theory, a non-standard correction should retrace back 61.8% of the last correction (last abc of abcxabc).
- SL as soon as a new low is made (orange line).
The token price of illuvium skyrocketed even without releasing a playable game. The venture has a reported $1,463,444,127.00 staked. The team recently announced that a hacker has made off with some prized rewards...BUT DO NOT DESPAIR!
ILLUVIUM An open-world RPG adventure game built on the Ethereum Blockchain. Journey across a vast and varied landscape on your...
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...
$ILV token is heading towards major support zone at high 900s. Crypto market is in a consolidation phase, which may take a while given the severity of the latest drop. I expect a relief rally bounce at the mentioned zone of support, which happens to cross latest HTF resistance trend line. The relief rally may bring us back to ~$1300 level marked by the left...
Today’s analysis – ILVUSDT- trading in a clear falling wedge pattern where a break bullish is probable,
Points to consider,
- Price Action Corrective
- Local S/R Zone Support
- Local S/R Resistance
- Low Volume
ILVUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the...
ILVUSDT is testing the daily support
IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
Mostly every coin has taken a significant dip from this latest flash crash. Illuvium is one of those coins that crashed right back down to it's previous all time high and it's looking like Illuvium is holding it's previous all time high as support. We're starting to move sideways which indicates we may be bottoming out of this crash and accumulation is occurring...
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
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