ILV (Illuvium) – Rectangle Bottom for Long-Term Swing TradeSEED_DONKEYDAN_MARKET_CAP:ILV is showing a classic rectangle bottom pattern, signaling a potential long-term buying opportunity. The price is consolidating at what could be the most likely bottom, presenting a favorable risk-to-reward ratio for swing traders.
Top of the range: $140-$150
A range break could propel ILV towards the next major resistance zones around $400-$500, offering substantial upside.
Keep an eye on the price action at the top of this range—if we get a confirmed breakout, this asset could be set for a major move!
🔍 Watchlist it for potential entries at support or a breakout above resistance. 🚀
#ILV #Illuvium #Crypto #SwingTrade #TechnicalAnalysis #RectangleBottom #Altcoins
Rectanglebottom
TRXETH: Potential Partial Decline of an Accumulation RangeTron's Ethereum trading pair has been trading at lows within the bounds of this range since near the end of 2020, and now as price approaches the end of 2023, We can see that it is attempting a Partial Decline, which can only be considered a confirmed Partial Decline once and if price hits the top of the range again from here rather than first making a full retrace to the bottom. The addition of a Partial Decline would then bring the Bullish breakout chance all the way up to 80%.
If it breaks out I'd suspect that it would go for the 61.8% Retrace first then jump to the 088.6% Retrace second.