ILVUSDT is testing the daily supportILVUSDT 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.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
ILVUSDT.P trade ideas
Illuvium (ILV) Will Grow $2000 InevitableMostly 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 at around $1250 to $1350. We're holding a nice primary trend to the upside despite the fear in the market.
Illuvium is gearing up to be the first major triple AAA game for cryptocurrency aside from Star Atlas. As Illuvium continues to develop and get closer to releasing official gameplay, having a completed decentralized exchange, and land sale auctions expect the price to increase as the demand for the token will likely grow and FOMO sets in.
The metaverse and gaming trend will continue to grow in cryptocurrency and we're still in the embryonic stages of this sector. This sector of cryptocurrency will likely be the top performing sector of 2022. As of right now Illuvium is on a nice dip and we have a nice trough on our stochastic RSI. On the MACD we're starting to creep out of negative histogram territory indicating negative momentum may be easing up.
Keep Illuvium on your radar as it is poised to grow from these price levels once fully developed. Much peace, love, health, and wealth!
ILVUSDT - Good timing to buy?BYBIT:ILVUSDT
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.
-
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
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Bat to the trendWas hoping this was a 5impuls eliot wave to 2.2k and up, but as soon as we made a new ATH, the retest didnt hold, resistance didnt became support. We didnt even make it to 2k where i was going to start taking profit.
Lucky i had a trailing stop just under the old ath. Was going to wait and see if 1500 is going to hold and start buying back, but im afraid we are going back all the way to the longterm trend line, so im out. Waiting with a big bag of ether to buy @ the trendline unless the graph tellls us otherwise.
Possible hanging bat. Bulls exhausted. Not looking good short term.
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.
-----------
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!
-----------
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
ILV - Illuvium Fib RetracementIlluvium, a play to earn crypto/nft collectable game that is essentially a mixture of Pokemon and Teamfight Tactics from League of Legends, is scheduled to be released around January of next year. The clips of gameplay I've seen look amazing!. Now could be a great time to get in considering where it's at in the Fib Retracement.
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!
Entry ILV@ 1,270 Target @ $2,600 Dec 29, 2021ILLUVIUM Metaverse Token
Entry ILV@ 1,270 Target @ $2,600 Dec 29, 2021
Entry ILV@ 1,265 Target @ $2,600 Dec 29, 2021
Entry ILV@ 1,260 Target @ $2,600 Dec 29, 2021
Technical Chart Set-up:
1. Break out of Ascending Triangle Resistance
2. Ideal Entry@1, 270/1,265/1,260
3. Target Range @ $2,600 to $5,000
Fundamental Asset Descriptions:
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. Discover the cause of the cataclysm that shattered this land.
Project Website: www.illuvium.io
Crypto. Com Exchange: crypto.com
Bitmart Exchange: www.bitmart.com