ILVLong
ILV - No.1 Game Coin First Entry ✨
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ILV (Rank #147)
Looks like it has completed a fairly shallow 3 wave correction relative to the overall trend.
Since then it has slumped back almost reaching the 0.618 Golden Window @ $83 in reflection of BTC 10% flash dump today.
I'd really like it to pull back to $60 and will save some allocation for that in case we do see some significant dump action throughout the market.
But judging the chart on its own merit I think this is a good place to begin buying because with 3 waves complete this could now be the start of the next wave up.
It may also extend for a time and we can buy the dips if that does happen.
I'm buying here also in consideration of the altcoin charts TOTAL2/BTC and others looking very bullish over the last few days.
Its a complex moment of course because Bitcoin may be topping, but we don't know how long it may take to form a distribution.
And Bitcoin could even dump from here down and down so its good to be prepared for that.
But it may well take some considerable time to form a top as it has done in the past and if it does then altcoins may really get up and running and perhaps we'll even see an Altseason before the next major correction.
So there are a multiple of outcomes but the altcoin market as a whole is starting to surge and we may see some big pumps.
ILV is the highest rank game coin. There are other gaming coins serving different functions, but Illuvium is actually a game on Ethereum blockchain and of highest rank currently.
And so with gaming coins performing so well in the early bull market, this is a name I want to own.
With mid range rank, this could see some wild pump action throughout the bull market yet without being too risky.
This is a challenging time of the market cycle where Bitcoin cliff walks and flash dumps while altcoins pop like popcorn on every Bitcoin bounce recovery.
But I have made my first entry here 👍.
Not advice.
Looks like it has completed a fairly shallow 3 wave correction relative to the overall trend.
Since then it has slumped back almost reaching the 0.618 Golden Window @ $83 in reflection of BTC 10% flash dump today.
I'd really like it to pull back to $60 and will save some allocation for that in case we do see some significant dump action throughout the market.
But judging the chart on its own merit I think this is a good place to begin buying because with 3 waves complete this could now be the start of the next wave up.
It may also extend for a time and we can buy the dips if that does happen.
I'm buying here also in consideration of the altcoin charts TOTAL2/BTC and others looking very bullish over the last few days.
Its a complex moment of course because Bitcoin may be topping, but we don't know how long it may take to form a distribution.
And Bitcoin could even dump from here down and down so its good to be prepared for that.
But it may well take some considerable time to form a top as it has done in the past and if it does then altcoins may really get up and running and perhaps we'll even see an Altseason before the next major correction.
So there are a multiple of outcomes but the altcoin market as a whole is starting to surge and we may see some big pumps.
ILV is the highest rank game coin. There are other gaming coins serving different functions, but Illuvium is actually a game on Ethereum blockchain and of highest rank currently.
And so with gaming coins performing so well in the early bull market, this is a name I want to own.
With mid range rank, this could see some wild pump action throughout the bull market yet without being too risky.
This is a challenging time of the market cycle where Bitcoin cliff walks and flash dumps while altcoins pop like popcorn on every Bitcoin bounce recovery.
But I have made my first entry here 👍.
Not advice.
Uwaga
I ideally wanted a $60 0.618 re-test of support but this is a great example of why its important not to get too cute and scatter your buys.ILV is pumping today and having just had a 3 wave correction this can be the next wave up and potentially an Elliott Wave 3 if you believe in such things 😅.
So I didnt get a full entry on this one but thats ok because it looks like what did get filled will be a perfect dip buy (unless terrible market correction 😯) and I go find other coins to buy with my remaining allocation 👍.
Uwaga
Up we go again with a 28% pop so far today!Much more to come here I think
There are other game coins in great buying positions right now...
I'm cooling off from posting on TradingView 👋🏻.
Its time to see who would like to migrate to my group 👍🏻.
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Its time to see who would like to migrate to my group 👍🏻.
Loads of content every day with regular videos, 1:1 and chatroom 🚀.
Telegram Group: $50 per month ✨.
Contact: t.me/dRends35
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