Star Atlas DAO (POLIS)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.
Staratlas
Star Atlas Hybrid Pair
TLDR Atlas is inflationary, Polis is not.
Lots of signs (range breakdowns, failed breakouts, SFP's, 21W EMA, etc.) pointing towards Atlas continuing to lose ground to Polis.
With such a volatile market, this seems like a good spread trade (short Atlas, long Polis)
Wicks/volatility of pair covers a lot of ground, so play it safely.
Expecting breakdown back into original range from last year.
Bottom formed?Sharing some ideas about StarAtlas DAO POLIS. Although you should never work against the trend, there are first signs of a bottom that could be forming as of this moment. We can clearly see the descending channel from the december crash BUT we can also see a breakout into a horizontal channel that is persisting now for almost 2 weeks. It might indicate a price area too low for initial investors to dump and possibly loading up more. The project has very strong fundamentals and keeps the community busy with a fast development pace.
There are also rumors about major CEX listings at Binance & Coinbase, which doesn't seem off looking at the recent Kraken listing and high volumes. The future is bright for #staratlas & #polis. Feel free to share your views on this young metaverse project
ATLAS at support#ATLAS/USDT
$ATLAS is at support zone that is the same with descending support line.
as we can see divergence between price and RSI, price can head up to resistance zone between $0.998 and $0.1117, that is the same with descending trend lines.
break out from this resistance can increase price to next resistance around $0.1286.
rejection from resistance zone can drop price to support around $0.0728.
break below descending support will invalid this analysis.
ATLASUSD Fake Harmonic and being creative in TA #ATLAS ATLASUSD Harmonic Pattern, with 12h bull div on RSI and MACD Histo at .886 Retrace, from September Low to end November High. Easy to manage Risk at these levels and if it breaks the support at .072-0.078 its over for Atlas, at least from a TA point of View.
For a trade entry, one would wait for a second confirmation low but for people accumulating its def at value areas.
I started using Harmonic patterns and the XABCD Tool as a advanced fib tool. I stopped searchin for the exact Names and just interpret them myself using the different fib levels and higher/lower highs/lows. This does not mean that i dont care about the traditional use of Harmonics tought by Scott Carney.
I didnt study Harmonics in Depth by reading his Books until now but i will start to do so. However i believe that TA is a personal Journey and its all about creating your own reliable system. Its very important to not switch back and forth between fancy indicators, guru trading strategys and expensive oscilators. In this way one can learn of his past experiences. its hard for me to explain in english but as long you follow the basic rules of TA you can be creative in the use of all the tools imo.
My thinking for Atlas for exmp.:
A to B = .618 retrace = local higher low = bullish
B to C = 1.272 retrace = mid-term higher high = bullish
C to D = .886 retrace = mid-term higher low
Conclusion: Pretty Bullish xD
Then puttin it into context of the Macro Trend and History lookin left.
$ATLAS/USD 8h (FTX) Ascending trendline on supportStar Atlas is up-trending and is very likely to bounce on 100EMA to continue bullish after.
Risk/Reward= 1:1.6 | 1:3.44 | 1:5.54
Expected Profit= +24.26% | +52.15% | +83.89%
Possible Loss= -15.15%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 1 month
Website: staratlas.com
Contract:
#SPL ATLASXmbPQxBUYbxPsV97usA3fPQYEqzQBUHgiFCUsXx
⚡️⚡️ #ATLAS/USD ⚡️⚡️
Exchanges: FTX
Signal Type: Regular
Current Price:
0.1701
Entry Zone:
0.1701 - 0.1583
Take-Profit Targets:
1) 0.2040
2) 0.2498
3) 0.3019
Stop Targets:
1) 0.1393
ATLASUSD low risk high reward?ATLASUSD broke the spine of a Dragon Pattern, jumped the creek or however you wanna call it. What really matters is that ATLASUSD broke the supply line which held strong since Oct. 4.
It also made a higher low at the .786 fib. retrace, closed the last 12h with a bullish engulfing candle and showin some potential hidden bullish divergence, which implies continuation to the upside. And potential upside there is! If this Asset breaks above the resistance at $.136 - .146 it most likely will run up straight to the ATH at $.28 (which is 190% upside)! After the ATH only Fibonacci knows where it could go.
For anyone lookin for a good strategic entry for this Play to Earn Game Token, this could be the time to pull the trigger. (No Financial advice!)
*Theres is also a RAY/ATLAS Farm on Raydium which yields 109% APR rn, just FYI