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Illuvium

ILV head & shoulders pattern forming at the end of the year$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 shoulder. If the pattern completes it would mean that the crypto market is weak, especially altcoins market.
by petmanta_ray
1
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!
Long
by peacefuljustin
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
by Droz_TA
3