Star Atlas DAO (POLIS)
Updated
Star Atlas is a metaverse multiplayer video game using Unreal Engine 5 which is supposed to be huge but hadn't been the success they planned; still, might be in the future. Anyway, POLIS's price has been in a downtrend since the beginning and just recently broke the downtrend line. Also, just recently Star Atlas dev team announced a new update which resulted in the price pumping and then retreating. Interestingly, price pump happened just at the lowest low and made a double bottom, which still needs to be confirmed.
Be careful, since the trading volume is still too low and no other signs of reversal are evident.
Be careful, since the trading volume is still too low and no other signs of reversal are evident.
Comment
POLIS broke the minor and the major downtrend lines. It seems like a reversal.
Be careful, the trading volume is still too low.
Comment
So, this is what happened to POLIS so far; made a big harmonic pattern as well as a double bottom. Then broke the downtrend line and is going up. The first target is the minor horizontal resistance area. Let's see what happens.
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