#432
In contrast to Litecoin, Illuvium appears to have more bullish potential here.
This is an interesting change up because for most of the time Illuvium has a more bearish skew.
Notice how there are supportive lower wicks after the pop (arrows)
And its now sitting just below support - in the higher liquidity zone and drifting sideways.
ILV is very much a snowflake in that it can print positive corrective action to then melt to the downside...
But when it pops it has thunderous upside.
So, that is the trade off with this coin.
Might just pop here 🤨.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
In contrast to Litecoin, Illuvium appears to have more bullish potential here.
This is an interesting change up because for most of the time Illuvium has a more bearish skew.
Notice how there are supportive lower wicks after the pop (arrows)
And its now sitting just below support - in the higher liquidity zone and drifting sideways.
ILV is very much a snowflake in that it can print positive corrective action to then melt to the downside...
But when it pops it has thunderous upside.
So, that is the trade off with this coin.
Might just pop here 🤨.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Trade active
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Trade closed manually
Was drifting nicely but has now begun to melt away as crypto enters a correction.Could yet hold but this coin is a burner to hold without a technical moment - I'll wait for a better moment 🧐.
Note
ILVBTC Crypto1Might have called this one a bit early as the market is tanking but Illuvium is holding.
That mean it is bullish against Bitcoin while Bitcoin is slumping - and thats a very bullish signal.
If it continues like this then an entry may be a great opportunistic punt 🤨.
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
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Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.