ILVUSDT: At the Bottom!ILVUSDT Technical analysis update
ILV's price has touched its strong bottom support for the third time. We can expect a bounce from the current support level on the weekly chart. If the price does bounce, it could potentially reach $200 within a year.
Stop Loss: $34:00
Target :150%-400%
Regards
hexa
ILV
#ILV/USDT#ILV
The price is moving within a descending channel pattern on the 1-hour frame and is expected to break upwards after it has largely adhered to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 39
We have a trend to stabilize above the moving average 100, which supports the rise
Entry price 40.00
First target 44.29
Second target 46.55
Third target 50.00
Alikze »» MAVIA | Descending channel failure.?🔍 Technical analysis: Descending channel failure.?
- It is moving in a descending channel in the 8H time frame.
- There is a demand in the green box and the middle of the channel.
- It is currently at the ceiling of the descending channel.
- Due to the upward momentum, it can continue its growth after breaking the channel with the limited support of 1.56 to the specified supply area.
💎 Alternative scenario: In addition, if it faces selling pressure in the area of the ceiling of the channel and stabilizes below the range of 1.56, it can continue the correction to the middle area of the channel and the green box.
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BYBIT:MAVIAUSDT
Alikze »» IMX | Head and shoulder pattern scenario🔍 Technical analysis: Head and shoulder pattern scenario
- In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave.
- According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it.
- After that, it faced a lack of stability at the top of the supply zone.
-This unsuccessful failure area of the supply area is a head and shoulder pattern.
- Currently, there is a currency pattern that can have a growth of a dynamic trigger.
- If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement.
💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line.
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Alikze »» YGG | Pullback to broken structure🔍 Technical analysis: Pullback to broken structure
- According to the previous analysis presented in the 12H time frame, after reacting to the PRZ zones, it faced selling pressure, which finally continued to the specified zone of 0.58 correction.
- Currently, it has infiltrated the sub-region in the 12H time frame.
- Therefore, if this return continues up to the supply range and the middle of the descending channel and then faces selling pressure, the downward trend can continue up to the range of 0.39.
💎 Alternative scenario: if this reversal breaks the supply zone with strength and meets demand in the middle of the channel, the first target near that range will be 0.78, and if the zone is maintained, it can move up to the channel ceiling and the specified supply range.
🛑 Resistance range: 0.5859 - 0.6836
🟩 Support range: 0.3906
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#ILV/USDT#ILV
The price is moving within a head and shoulders pattern on a 4-hour frame, which is a retracement pattern
Our right shoulder support area is being completed
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price 81.56
The first target is 85.00
The second goal is 90.00
Third goal 95.49
Iluvium could teleport to $466#ILV
doesn't have much resistance between now and WAY higher prices.
Definitely can see this scenario play out
If you didn't buy under $100
should you buy now?
your decision ...
Anyway we have a measured move that projects to $311
which I feel can be accomplished rapidly once our local high is taken out.
$ILV Will Iluvium reclaim its Rising Channel?SEED_DONKEYDAN_MARKET_CAP:ILV ILUVIUM price action was respecting a rising channel until it broke down!
Current Price: $90
Question is: Will Illuvium price action reclaim this rising Channel to attain higher prices.
Up Resistances: 98, 114.7, 149.1, 169.3, 190, 212.5
Or Is the current retest of the channel making for lower prices? Supports: 80.7, 62.7
Which will it be #ILUVIUM
Long Invalidation below 80!
Alikze »» ALICE | Pullback to broken structureIn the daily and weekly time, it has been moving in a descending channel, after the bottom formation in the 0.64 area, a motivational wave has started, which is now facing selling pressure in the supply area after the sub-swing break.
🔰 Therefore, this correction can be a pullback to the green box area, which can face demand in the green box area and continue the upward trend until the next supply area.
⚠️ In addition, if the green box area is broken, the correction can continue until the specified area, which will be a little difficult to continue the upward path.
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Alikze »» MANA | Ready to retest the resistance zoneIn the last two posts, the Mana currency experienced a growth up to the specified area. After making a head and shoulder pattern in the roof of the channel, it faced a correction, which continued until the 36 cent area.
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
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Alikze »» AXS | Pullback to the roof of Minor is brokenIn the 4H time, after a zigzag correction to the $6 range, it has been within a trading channel for some time.
💎 In time 1D, an FVG gap is observed. Therefore, if this return to the minor ceiling is supported by the green box, it can have a growth to fill this gap in the first step.
💎 In addition, in the case of strong momentum, this growth can be extended to the supply area.
💎 Alternative scenario: Considering that it is currently at the top of the channel, if it is not stabilized at the top of the green box, it can continue the correction to the middle of the channel and then to the bottom of the channel in the green box area.
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#ILV/USDT#ILV
The price is moving in an ascending channel on a 4-hour frame, about to break upward
We have an uptrend on the RSI indicator about to occur. Bounce up
We have a higher stability moving average of 100
Entry price is 0.00000826
The first target is 0.00000853
The second goal is 0.00000940
The third goal is 0.00001003
Illuvium (ILV)Illuvium is an open-world fantasy battle game. Like many crypto-based games, ILV was also in a downtrend for a long time, almost since birth. Recently, ILV broke the major downtrend line, went up, then made a downward correction that seems a double bottom pattern been made; and now breaking the minor downtrend line too. Let's see how up this upward wave can go.
GameFi: Top Sector for 2024 with Huge Potential🚀🚀🚀The GameFi sector, a fusion of gaming and decentralized finance (DeFi), has emerged as one of the most promising areas within the cryptocurrency landscape. This sector has gained significant traction in recent years, attracting both gamers and investors seeking exposure to innovative blockchain-based applications.
What is GameFi?
GameFi revolutionizes traditional gaming by introducing play-to-earn mechanics, where players can earn rewards in the form of cryptocurrencies or non-fungible tokens (NFTs) for their in-game activities. This integration of blockchain technology into gaming ecosystems creates a new paradigm where players can monetize their time and effort, fostering a more engaged and ownership-oriented gaming experience.
Top 5 GameFi Projects with High Growth Potential in 2024:
Immutable X (IMX): A layer-2 scaling solution for the Ethereum network, Immutable X focuses on enhancing the user experience for NFT-based games. It offers gas-free minting and trading of NFTs, making it an attractive platform for game developers and players alike.
Price Prediction: I anticipate a sweep of local lows and a retest of the $1.4 level, followed by a potential surge towards $5.
Floki Inu (FLOKI): A dog-themed meme coin with a strong community and a focus on developing a decentralized gaming metaverse called Valhalla. Floki's price action has exhibited consistent retests of its ascending support line.
Price Prediction: I expect the third retest of the trendline to be a fakeout, leading to a downward move to capture liquidity below.
Gala (GALA): A blockchain-based gaming platform aiming to create an interconnected ecosystem of games and NFTs. Gala has formed a significant liquidity pool beneath well-defined lows while simultaneously establishing lower highs (without sweeping liquidity above).
Price Prediction: I anticipate a sweep from below to initiate a more accelerated upward trajectory.
Axie Infinity (AXS): A pioneer in the GameFi space, Axie Infinity gained immense popularity in 2021. The project features a unique gameplay where players breed, battle, and trade Axie creatures, represented by NFTs.
Price Prediction: I expect a retest of the 0.5 imbalance level and the $4.6 price point.
Illuvium (ILV): An open-world fantasy RPG built on the Ethereum blockchain, Illuvium combines immersive gameplay with NFT ownership and play-to-earn mechanics. The project has gained significant traction in recent months.
Price Prediction: I anticipate a fakeout breakout at the bottom of the bearish flag pattern, followed by a swift upward movement.
The GameFi sector presents a compelling investment opportunity in the dynamic cryptocurrency market. The integration of gaming and DeFi offers a unique value proposition, attracting both gamers and crypto enthusiasts. The projects mentioned above, each with their distinct features and growth potential, are worth considering for those seeking exposure to the promising GameFi landscape.
#ILV/USDT#ILV
The price is moving in a bearish channel on the 12-hour frame and is sticking to it well
The price rebounded well from the lower channel border at the green support level 87.00
Some minor correction is expected before completing the rise
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 87.00
The first goal is 112.00
The second goal is 132.00
The third goal is 151.99
#ILV/USDT
#ILV
The price is moving in a downward channel on a 4-hour frame, about to break upward
The green area is a very strong support area and the price rebounded from it at the price of 100
We have a downtrend on the RSI indicator about to Occur. The fraction is up
We have a higher stability than Moving Average 100
Entry price is 134
The first goal is 145
Second goal 154
Third goal 163
Alikze »» SAND | Pullback to broken structureThe Sandbox is a blockchain-based platform that offers creative and decentralized gaming experiences. SAND combines DAO, Metaverse, and NFTs to usher in a new era of gaming.
🔰 In the weekly time, it has made a mixed correction, which after 50% correction of the previous wave has faced demand in the range of 0.27, and now with the failure of the dynamic trigger and a correction and a pullback, it has a growth up to the supply area and neck line. Therefore, I expect that after completing the corrective lag, it will face demand and advance towards the target.
⚠️ The invalidity zone of the analysis is the range of 0.39, and penetration and stabilization below that analysis will be invalidated.
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Alikze »» ILV | Wave 3 or C continuation scenarioIn the daily and weekly time, after a complete cycle of correction and bottoming in the range of $37, a motivational wave is entered, which completes a complete cycle in the form of a 5-wave, which in the 2nd correction wave, after making a corner pattern, which according to the previous analysis He reached his goals.
🔰 But currently, this upward cycle can be continued up to the specified areas according to the momentum and type of behavior and structure.
🔰 Currently, the current zone must be broken to continue the path.
⚠️ In addition, if it penetrates and stabilizes under the red box area, this movement scenario will be invalid.
🟩Sup:Red Box
⛳️Tp1 : 177.62
⛳️Tp2 : 228.39
⛳️Tp3 : Red Box-2
⛳️Tp4 : 471.83
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⚡ ILV Trade Setup ⚡📊 Analysis:
Market Observation: ILV continues to show bullish momentum and is within an area of interest.
Current Situation: ILV is trading in a favorable zone for adding to a spot position.
Strategy: Plan to add to the position on spot within the current range.
Entry Point: Consider adding to the trade between the range of $130 to $150.
Take Profit: Target profit levels at around $170 or $266.
Stop Loss: Set a stop loss just below the support level, below $127, to manage risk.
🌐 Note: Ensure to monitor the price action closely for confirmation of the entry point. Adjust the strategy based on market movements and consider factors such as volume and overall market sentiment.
SasanSeifi 💁♂ Long-Term Outlook - 3DayILVUSDT
Long-term Targets:
$130
$150
Current Price:
$109
Key Support Range:
$92
$75
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!