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POLSUSDT

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.
PLong
by MarsSignals
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.
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by itsparham96
1
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.
PLong
by MyCryptoParadise
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
Long
by BitonGroup
25
🔥📉 Falling Wedge Alert on $POLS! Bullish Reversal Brewing?Hey traders! Today, I want to bring your attention to an intriguing chart pattern on $POLS (Polkastarter). Let's dive into the falling wedge pattern and explore the potential for a bullish reversal. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: $POLS 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. It often signals a potential trend reversal from bearish to bullish. Now, let's analyze the falling wedge pattern on $POLS in more detail. ⚡💹 Key Features of the Falling Wedge on $POLS: Converging Trendlines: Notice how the upper trendline connects lower highs, while the lower trendline connects higher lows. This pattern suggests a potential shift in market sentiment. 📈📉 Decreasing Volatility: Observe the gradual contraction of price range and declining trading volume as the pattern develops. These characteristics may indicate diminishing selling pressure. 📉🔻📈 Breakout Expectations: A falling wedge pattern often precedes a bullish breakout. Traders typically await a decisive move above the upper trendline for confirmation. However, exercise caution and wait for a clear breakout before initiating trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once $POLS breaks above the upper trendline of the falling wedge pattern. This breakout could signal a potential trend reversal and the start of a bullish move. ⬆️💰 Stop-Loss: Place a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Implement proper risk management techniques, including position sizing, stop-loss orders, and adherence to your trading plan. Always be mindful of the inherent risks involved in trading cryptocurrencies like $POLS. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is essential to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #POLS #Cryptocurrency #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on $POLS indicates the potential for a bullish reversal. However, exercise patience and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $POLS! 🚀📊 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
PLong
by STP_MrNodeItAll
POLSUSDTHow do you do dear friends, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for POLSUSDT On the top, there are R1 and R2 as the long-term resistance areas which mention that the price was not able to rise at different points. And S1 is a long-term support area of this chart that includes the support of price variously since the past. As we had in the past, the rejection of price at R2 made it to fall and touch S1 area but after receiving several supports by this area, the price made a recovery and rise to higher amounts even though it was not successful to rise over our second resistance area. After the last rejection at that area, it fell below R1 and we see its movement here ultimately. At the moment, we have the price fluctuating below the first resistance area and we predict it to have some range here and then face a decline downward although we have had some positive candles recently. Then by being supported at our S1 area and providing us some rising signs, another rise is predicted for it to touch R1 and also R2 via more fixation and support over R1 area. Presently, the possibility of a correction in the price trend is high and we will wait for the price to move down to lower amounts. S1 would be a great point for putting your sale orders but you should wait for the price to be supported here and on its trend upward and via retesting the situation, you are able to put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
PLong
by MarsSignals
12
Pols targets for 2023 READ detailed explanation Possible Targets and explanation idea ➡️Bearmarket starts in April/May 2021 (not in November like many people think) ➡️Pols in downtrend over 790 days ➡️This fib relevant on Weekly timeframe. -0.27 Zone always on weekly its good zone for accumulation. Here we trade around 1year. ➡️In February we could see test -0.27 level. ➡️Take profit indicator shows fundamental (real value) of coin. We trade under this line. So take profit line now based on this indicator now around 0 level which will play like a magnet for POLS ➡️And even after this test we will be in downtrend. But this is a first target where you can withdraw initial deposit and leave free coins if by safety trade strategy. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
POLSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for POLSUSDT R3, R2, and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. S2 used to be a resistance area in the past. And S1 is a long-term support line clearly that contains the support of price at various points. At the moment, the price had a falling trend and it is fluctuating below S1 as you observe. By having its fall continued to touch S1, we will have a rise expected for it to reach higher amounts. Subsequently, we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1 or by having more fixation over there, more rise is expected then toward R2 area. Also by giving us some falling signs at any points or through moving below S1, more decline is definitely will be waiting for the price toward lower amounts. Note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
PLong
by MarsSignals
16
$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! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
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by Crypto2AF
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.
PLong
by CHOWTRADE
POLSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for POLSUSDT In this chart, there is R2 as the resistance line that includes the unsuccessful triumphs of the price to rise. R1 used to be a support line as well as S1 which is another support line and both contain the support of the price since the past. Presently, we have the fluctuation of price below R1 and according to its past trend, we believe the price will have a decline to S1. There we must wait for some confirmation candles in order to consider our long position and then a rise will be predicted for the price to R1. Also it is less probable for the price to face a decline below S1. Future will reveal everything. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
PLong
by MarsSignals
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.
PShort
by CryptoPatel
5
POLS/USDT TA UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this POLS/USDT update. POLKASTARTER was recently listed on the Binance exchange. It's a very promising project which surely has a great future. Their team is highly active and they have some big partners like BSC, SOLANA, POLYGON, KUSAMA, etc. Now let's get to the chart. According to the chart it has a very strong support of trendline is at around $3 and it also has local support which is around at $3.25 so it's a good buying zone here. Also, one more benefit of buying POLS is that you can apply multiple IDO's which are listed on their website. Some of these IDO's can give 500-1000% returns. For participating in these IDO's you have to hold some POLS. Currently, it is near the support so it's worth buying here. Entry range:- $3-$3.3 Target:- 80-100% or even more if you hold. SL:- $2.5 If you like this idea then do support it with like and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
PLong
by CoreCrypto1