Illuvium (Binance: ILVUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, ILV began a red wave one advance on January 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 3 and the red wave two (blue sub-waves a-b-c) correction ended on February 13. If this wave count is correct, ILV should be heading next towards the February 3 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Kfue reviewed the token unlocks two weeks ago.
(Sources: https://illuvium.io/)
How Will Illuvium Trade?
Illuvium (Binance: ILVUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
ILV will takeout the February 3 peak
ILV will drop below the January 6 low
ILV will stay in a trading range between the January 6 low and the February 3 peak until March 28
ILV will stay in a trading range between the January 6 low and the February 3 peak until March 2
Correct.
ILV will takeout the February 3 peak
ILV will drop below the January 6 low