High risk, high reward, bargain hunting "cheap" crypto coinsLets talk about tiny caps. As crypto continues to run, and get more expensive, everyone will be looking for the next big deal, the still cheap crypto to buy as there is less and less options as the market runs up.
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We need to discuss marketcap real quick because even though the first major site to service crypto is literally named after crypto market cap, it seems a lot of folks in crypto dont pay attention to it. I see too often some will say oh that asset is $500 each, thats too high, looks like I already missed the boat, but look at this cheap asset for $0.0001 and imagine if I own half a million of those and it goes up to $1, I think this is a common vision for crypto holders. But at the same time that asset for $500 which can be bought in fractions, may have a market cap of $100M while that asset for 0.0001 may already have a marketcap of $50B which makes the asset for .0001 50x more expensive than the asset for $500. Keep in mind the amount of money it takes to get an asset to run from $50M to SEED_TVCODER77_ETHBTCDATA:5B versus the money it would take to move an asset from a SEED_TVCODER77_ETHBTCDATA:5B to $500B (half a trillion dollars), its a lot more fuel needed for that engine.
Additionally, if an asset had a $50B market cap already and cost .001 cent and it ran to $1 that means if we took every coin that exists for that crypto, multiplied it by the total coins and it would have a valuation of $50 Trillion dollars, to put it in perspective all USD digital and phsyical in the world right now is worth about $30 Trillion. So the idea that this asset that has almost no real usable purpose other than trading should be worth more money than all the USD's in the word is absolutely absurd. That said, we still see things like XRP that has no traction in getting banks to use a public blockchain for remittance, has a valuation that is more than goldman sachs or HSBC, both which are feature rich banks with dozens of revenue streams beyond remittance and billions in profit every year, which is often shared with sharefolders, none of which XRP has. Its clear XRP is already hugely over priced but crypto populous doesnt seem care about the market cap, they see $1.80 as cheap, they dont see $180B is expensive.
That said I would still day trade XRP though i tend to prefer XLm because it runs many times when XRP does but tends to run harder.
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Now why did I just talk about all this stuff that hopefully you were already aware of? Back to the point, cheap crypto and the likelihood that more and more people will be looking for it as this market continues to run. So actual cheap crypto is crypto with a low market cap, but I think from a trading aspect, because so many people in crypto do not understand market cap and envision that penny coin going to $1, anything under $1 is likely to perform better.
I primarily use Coinbase so this is not exhaustive, I would recommend you check low caps on the exchange you use, but here is a list of low/tiny caps I pulled up yesterday, already had a 70% run on POLS. But there is something you need to be aware of with these low caps, most of them are also low volume. This means you cant just go buy $20k to $100k of these assets at once, you will have a ton of slippage and start off negative right off the bat, the order books and the volume just is not there. So for these assets, you have to slow play acquire them and be prepared for high risk, high volatility and the potential for high reward. A lot of these, like many if not most crypto are kind of, or are, total garbage, but again no one seems to care in crypto, they just want a bargain.
Here are a list of low/tiny caps, with cap rate, circulation, cost and avg daily volume right now. Anything with less than MIL:1M daily volume is pretty much un-tradable, once the daily volume is MIL:1M they are somewhat tradable and once it reaches $5M daily volume it starts to become fairly tradable but the price will have already run a bit by then most likely.
GYEN - $14M cap 2b circ - 0.006613 each $17k volume
SHIPPING GETTEX:18M cap 10B cirv 0.008111 $3m vol
LIT $52M cap 100M .94cents - $5M volume (only 50m in circ)
BNT $90Mcap 10M circ .75 each 8M volume
INV $21M cap , 615k circ, $300k daily volume, $35.81 each
00token (00) $19M cap 1B circ, 1M daily vol
Muse $6M cap, 1.58m daily vol, 950k muse, 508k in circ, $13.15
chrono.tech (TIME) GETTEX:17M cap710k circ, $24 each, 228k vol
FIS $41M cap 149M .40 each $9M vol
ACS GETTEX:68M cap, 88B circ, .0018 price, $1.44M vol
MLN GETTEX:48M cap 2.6m supply, EUROTLX:4M daily vol, $18 each
GST GETTEX:48M cap 2.36B supply, $12M vol
ASM TRADEGATE:56M cap 1.5b circ, 0.03 price, $19m vol
FORTA $71m cap 1b circ, .14 price, $7m vol
POLS $72M , 100M circ, .68 price, $20M volume (just ran up 70%)
Remember these are high risk, generally low quality projects, low volume coins and the play here is trying to get in on the actual cheap coins, before everyone else rushes to do the same. Some or even potentially many could be de-listed which could cause near total loss if you are sitting on one, this is not for those looking for low risk.
This is not investment advice, its also one of the higher risk strategies I have pushed, I would urge you to tread lightly here.
If you know of assets sub $100M market cap that I missed here, feel free to add it in the comments for others.
Happy bargain shopping.
Pols
Polkastarter (POLS)Polkastarter is a decentralized fundraising platform, empowering Web3 projects to launch and raise funds through multichain token pools while significantly growing their communities. The platform supports initial DEX offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo.
Anyway, besides the begging, POLS was in a downtrend move for quite a while. It seems, an inverted wedge pattern, a big one, has formed, and POLS has started an upward wave from the bottom. Also, a harmonic pattern is formed too, and POLS is trying to break the right leg's minor downtrend line. Let's see if POLS can reach the inverted wedge's upper line or not.
POLSUSDT.1DIn my analysis of the POLS/USDT daily chart on Binance, I've identified several crucial elements that offer insight into the pair's price dynamics and potential future movements.
The chart shows POLS/USDT experiencing a significant price decline followed by periods of volatility. Notably, there's been a sharp decrease from highs around $1.40 to current levels near $0.3773. This decline brings the focus to key support (S1) and resistance (R1, R2) levels.
Support and Resistance Levels:
S1 at $0.2437: This level is critical as it has acted as both support and resistance in the past. If the price breaches this level, it could signal further declines.
R1 at $0.6894 and R2 at $1.0046: These levels represent potential upward targets should the market sentiment shift. R1, in particular, is crucial as it marks the midway point of the recent decline and could act as a psychological barrier.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 29.91, indicating that the asset is potentially oversold. This could either suggest a forthcoming price rebound or a continuation of the downtrend if the market conditions remain bearish.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line and both are trending downward, which traditionally signals bearish momentum. However, the proximity of the lines suggests that a reversal could be imminent if bullish signals emerge.
Given the current market conditions and technical indicators, the immediate strategy should involve close monitoring of the $0.2437 support level. A daily close below this level could exacerbate the bearish trend, possibly driving prices to seek new lows. Conversely, stabilization or a rebound from this support level could offer a buying opportunity, with initial targets at R1.
In conclusion, while the overall sentiment appears bearish due to the recent significant declines and current MACD positioning, the oversold RSI condition warrants caution for bears and may offer a strategic entry point for bulls. My approach will be to watch for potential reversal signals or further confirmation of the downtrend, adjusting my strategy based on the price action near these key technical levels.
Delving into the Depths: Bitcoin & POLS Analysis📅 Today, we're diving into the analysis of POLS, a coin suggested by one of our followers in the comments of yesterday's analysis. If you have a coin in mind that hasn't been analyzed yet or if the analysis is outdated, let me know in the comments, and I'll be sure to provide an analysis for you. But before that, as always, let's start with Bitcoin.
👑 Bitcoin Analysis
🔍 I'll analyze Bitcoin in the 1-hour timeframe, as usual. Yesterday, the 61273 trigger was activated, and it's likely now in a risk-to-reward 1 area. As I always say, the first target should be at least a risk-to-reward of 2, as I don't find 1 or 1.5 risk-to-reward ratios worthwhile. So, if you opened a position with yesterday's trigger, I suggest keeping it open.
📊 New selling volume is entering the market, and in the last two strong candles, significant selling volume has entered.
📉 If you don't have a position and want to open a short one, the 60635 trigger can be very suitable. However, I prefer it to test this support again and break it next time, as this would make me more confident in the trigger. The RSI trigger is also being activated at 35.86, which will likely confirm the entry before the price does.
📈 For long positions, we still need more space and structure, but I think a suitable structure for a long position will form by tomorrow, and I'll discuss it then.
💎 POLS Analysis
🔍 Now it's time to analyze POLS. The analysis will be done in the daily timeframe, but I'll also check lower timeframes for futures. First, let's review the project.
🗂 The POLS project is a blockchain-based platform that provides infrastructure for new projects to conduct presales and raise funds for their projects. Projects on this platform are very risky, and most of them fail, but if you have the necessary knowledge to evaluate projects and conduct your own research, you can discover new market gems and earn significant profits after their tokens or coins are listed. Additionally, the gam3s project is a subset of this project, acting as a game launcher. Just as the main project is a platform for viewing and purchasing blockchain projects, gam3s is a platform for viewing and purchasing crypto games and Play-to-Earn games.
🎲 In the daily timeframe, POLS had a long-term range box, and after breaking the box from below, it started its downtrend, forming a descending trendline from the price lows, which can be considered as the target for each wave. The SMA25 has also effectively supported the price in this trend, preventing it from losing its bearish momentum. Currently, the selling volume in the market is decreasing, indicating that these moves could be among the last in this cycle. For the downtrend to continue, selling volume needs to increase again, and ideally, the RSI should break the 27.32 support to bring bearish momentum into the market.
🪤 There was a Fake Breakout from the 1.1738 ceiling, which initiated the bearish move. I want to talk more about these fake breakouts. The analytical use of fakes is such that each fake breakout has a trigger, which in this example, was the 1.0577 trigger. After breaking this trigger, we can say the market turned bearish. The reason is that buyers broke the resistance and gained control but couldn't maintain it, resulting in a lower high and introducing bearish momentum into the market.
🛒 For spot buying, considering the bearish market, there are no resistances yet for this coin that would make a spot purchase logical. The closest trigger for a spot buy is 0.7492, which is quite far, and before that, the price will likely form a new structure and provide a lower entry point.
🚀 For futures trading, it's better to look at the 4-hour timeframe.
⚙️ In this timeframe, another fake breakout occurred, but in this example, the trigger wasn't activated, and the price is moving downward again.
📉 The short trigger for this coin was 0.5515, which has been activated. The target for this trigger could be the trendline drawn in the daily timeframe or the static support at 0.4636. The trigger for this move in the RSI is 38.06.
📈 For long positions, the 0.5728 trigger is suitable, but the price is far from it and might reach it in a few days.
📝In conclusion, the market conditions indicate potential short opportunities for Bitcoin while POLS shows promise for long positions if the resistance is broken. Always remember to use appropriate risk management techniques and adhere to your trading strategies.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
POLS/USDT Poised for a Bullish Break from the Demand Zone?🚀POLS💎Paradisers, attention is due as #POLSUSDT showcases a compelling maneuver, nestled within a demand zone and on the verge of a potential bullish breakout.
💎 Observing #POLS, we've identified a descending channel pattern, with current price action flirting with the horizontal supply zone between $0.8699 and $0.9702. Now, as the price pivots back towards this range, there's a burgeoning chance for it to sustain its upward trajectory and launch into a significant bullish journey once more.
💎 As astute traders, we're always contemplating alternate outcomes. Should the initial bullish anticipation not materialize, we're eyeing a bullish recovery from a secondary point of interest at the lower demand level of $0.7681. A descent below this marker could spell a considerable retreat.
POLSUSDT(Polkastarter) Daily tf Range Updated till 31-01-24POLSUSDT(Polkastarter) Daily timeframe range. volume is draining from here. but it needs to stay above 0.7086 to sustain. if not than will visit 0.5134 or lower.
#POLS/USDT#POLS
The price has been moving in a bear flag since July 2022
We are about to break that pattern by breaking the downtrend
Supported by oversold on MACD
Current price 0.4050
First target 0.6745
Second goal 0.9448
Which represents 200% of the current price
This rise is supported by the breakout of the Moving Average 100
You must pay attention to the correction points on the chart
POLSUSDT(Polkastarter) Daily tf Range Updated till 16-12-23POLSUSDT(Polkastarter) Daily timeframe range. some insane pumps from alts. whoever got into consolidation period made serious amount of money. 1.1432 is a hold up for now it already tried. getting past it clean will open up space till 1.6504.
Polkastarter Must be taken Seriously and Invested Now 22/02/2021polkastarter as the next step for truly interoperable DeFi. A Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.
With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
In order to leverage advantages, smooth interoperability between various networks is a key to success. The killer feature of Polkastarter is the possibility of making cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while staying connected to the Ethereum Network and other blockchains for liquidity.
Other features include permission less listings, token swaps by smart contract, private pools with password, whitelisting and high slippage price alerts.
Pools will have several types of swaps, including fixed ratio swaps, dynamic ratio swaps, dutch auctions and even sealed-bid auctions.
Technical:
we may see some retracing and bearish move down but it is ultimately will raise and rally as this protocol is very essential and we can target the Fibonacci expansions as our coming targets
there are total of 2 TPs which one is blow the ATH and the other is above it and can be counted as a starting place
✳️ Polkastarter Confirmation (100%+ Potential Easy)This is what I called a "bullish confirmation", the same pattern being repeated on multiple charts.
POLSBTC hit a lower low compared to June 2022 while at the same time printing a long-term bullish divergence with the MACD and RSI.
We have a strong volume breakout as prices move up.
This is the same pattern we are seeing on many of the ALTSBTC pairs, what one does the rest follows, the confirmation is on the chart.
I'll share one more.
Namaste.
$POLS/#USDT [#Polkastarter]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $POLS / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.479 | 0.504 | 0.55 and the major support zones are respectively at 0.433 | 0.412 | 0.366. We may consider entering a trade at the current price zone at 0.474 and targetting higher levels.
Technical Metrics :
Current price: 0.474
24H Volume: 519,100.2728 ₮
24H Price change: 7.727%
- Pivot Points - Levels :
Resistance: 0.479 | 0.504 | 0.55
Support: 0.433 | 0.412 | 0.366
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth POLSUSDT technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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$POLS/#USDT [#Polkastarter]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $POLS/$USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
POLS global target +1000%POLS is a decentralized platform that allows blockchain teams and various companies to fund and launch their projects. With its help, they create multi-chain token pools, raise funds and expand their communities. POLS is the utility token and governance token of this platform.
Global falling wedge, the figure is quite beautiful, you can work)
The price bounced off the last support level
I'm waiting for the wedge to arrive and rise)
This is a daily chart so the target is global.
Polkastarter (POLS) forming bullish Gartley for upto 29.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Polkastarter (POLS) with US Dollar pair.
On a 4-hr time frame, POLS is about to complete the final leg of a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
POLS/USDT LongA strong consolidation after a continuous bear trend
Price is slowly bouncing back. It's a healthy bounce back after weeks of consolidation.
We can expect a strong bullish from this point.
Follow us for more free analysis.
VA
📈Polkastarter #POLS $POLS (Jul-7)POLS is approaching the $0.55 zone, which is a very strong resistance that it has been rejected continuously since mid-June. However, at this time, the possibility of breaking through this zone is very high as it is being supported by the accumulation coming from the Symmetrical Triangle pattern.
If it overcomes this $0.55 zone, it will have a strong rally to the $0.8 zone, which is a 100% increase from the $0.4 bottom.
However, if it loses this $0.55 zone again and breaks out of this Symmetrical Triangle, we might still consider buying it back around $0.45 as this is a very reliable support since mid-June.
POLS/USDT -63% Down After our Exit point And $0.50 Target Hit#POLS/USDT Profit update:-
$POLS currently trading at $0.54 and went down till $0.0503
Our Target perfect hit.
-63% down from Our entry.
Hope you saved your money.
My Exit Point:- $1.50-$2.0
Now Trading:- $0.54
Now You can buy Small Fund not all.
2-3% of your Portfolio.
Please Like and Share and Send me Love ❤️❤️❤️
Thank you.
$POLS investment zones BINANCE:POLSUSDT
Between 0.81 - 0.59 (and even lower, good accumulation area for investors)
almost all indicators shows its time to buy
Long term conservative targets 8.28$ and 10.95$
I bought personally POLS so I can stake it during this bull run and join in whitelists for IDO polkastarter projects.
Pols Scalp TradePOLS Scalp Trade
entry 1 @ 1.45
entry 2 @ 1.35
entry 3 @ 1.26
tp @ 2.3
Not a financial Advice
Polkastarter Does Really Good Today (155%+ Breakout)POLSBTC has done better than VITEBTC.
We can see a massive breakout with 155%+ on today's candle.
We have a higher low.
The second biggest volume daily.
And a falling wedge.
Remember, what one does the rest follows...
Expect the other small altcoins to also grow.
Buy & hold.
Namaste.
Polkastarter Token is Bearish and Target will be $0.5 if reject #POLS/USDT TA Update:-
$PolkaStarter Current price is $1.41
As per chart $POLS is bearish at this time.
As per chart Formed Head & Shoulder pattern and This Pattern already broke down the Neck Line Support.
So Now..?
If $POLS break $1.50 level then Bullish otherwise We can see $0.5 in near future.
Major level is $1.50
So If break $1.50 above then Bullish otherwise bearish chart.
Support:- $1.20/$0.9
Resistance:- $1.50/$1.90/$2.50/$3.30
One more important in chart:-
Daily time frame also showed Bullish divergence.
#POLS, -60% from the ATH#POLS
-60% from the ATH
Unless it reclaims 4200+ sats, it may go lower
$POLS