ILVUSDT
Illuvium diluting in the Metaverse hypeIn 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 the likely target of the bearish wave 5.
It can even explode up and reverse (anything is possible), but I believe this is not the time to bet on altcoins.
The $sILV pool was never an official Illuvium creation - Word!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 quest to hunt and capture deity-like creatures called Illuvials.
How do you swap the tokens out of the pool if you did not create? Where did you get the KEYS?
History repeats!
ILVUSDT, Its going to pullback to ...Hello guys
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 the potential to move more upwards to reach to the new target is in our way because the trend can change to upward.
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Good Luck
Abtin
ILVUSDT - Good timing to buy?BYBIT:ILVUSDT
1H trend chart
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ILV is building a possible cup and handle pattern.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1387.8----Fib(1)
b) 1434.9~1453.9----Fib(1.272~1.382)
c) 1494.8----Fib(1.618)
Stop losses:
a) 1300.1-----Red horizontal ray
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Have a nice trading!
ILV / USDT 1H - Head and shoulder patternLooks like ILV / USDT is forming a head and shoulder pattern. According to perfect theory, there's a significant likelihood that the price will go down to the neckline. If this happens, pay close attention to whether the price will penetrate the neckline (if so, big downside potential) or bounce off it.
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Illuvium:
"Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features."
Source: Coinmarketcap
ILVUSDT Breakout Starts Move to TargetHere 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!
ILVUSDT Bull Flag and TargetSo 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.
ILV / USDT 4HHere is my take on ILV / USDT 4H. We are witnessing a triangle formation with a potential breakout.
If the price breaks out of the triangle in an upward sloping trend - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1275$
TG2 - 1327$
TG3 - 1371$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!