POLISUSD trade ideas
Bounce on H1 support for Star Atlas (POLIS) tokenI attempt an entry on the Star Atlas (POLIS) token.
The H1 support is interesting, I put a stop loss just below the low to take a nice bullish move.
Star Atlas is a blockchain-based space exploration game that pits players against one another to build civilizations and galactic economies.
Players can acquire and sell in-game assets to mine resources, purchase equipment, and participate in deep-space gaming situations using the ATLAS token.
The Star Atlas crypto game offers a token called the POLIS token, which functions as the governance token for the main game. It also enables players to have influence over both in-game activities and changes to the rules of the Star Atlas cryptocurrency game.
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POLIS mid- & long term potential: 200$ or more (end of 2022)With all my love for TA, we need to dive into the fundamentals of this project. Without exaggerating you can tell that this is the most anticipated play-to-earn / metaverse game (but still under the radar for the most). If you heard of it for the first time, here's a short summary of the fundamentals:
- FTX:POLISUSD & FTX:ATLASUSD are the tokens in a play-to-earn & metaverse game that's in the making
- Built on Solana
- Trading started in September 2021
- It has a governance token ("POLIS") and a utility token ("ATLAS"). You can simply compare it to "axie infinity" with BINANCE:AXSUSD & FTX:SLPUSD .
- "POLIS" has a current mcap of just 200M. Looking at the potential compared to axie infinity with an market cap of 9 Billion, the upside potential is HUGE.
- If you check out their trailer which represents in-game graphics, you realize they use the latest tech available for their game development.
- HUGE hype and money inflow for the metaverse & play-to-earn sector in general.
Looking at the technicals for POLIS, you can see that on-balance-volume is significantly increasing, while they are only present on 3 exchanges (no Binance/Kraken/Coinbase yet). We'll see what the future brings, but this project is surely one of the coolest one's I've seen since a long time :)
let me know what you think in the comment section
POLIS to come back?Quite beaten down, the forgotten brother of ATLAS - doesn't have a role yet in this world.
- Respects 21ema, could see action either way here.
- Seems to want to breakout and catch-up, but pressure hasn't let up.
- The more SOL/ATLAS pushes up, the more it'll act as magnet to help it through these areas.
Will put some bids at the 6ish mark.
POLISAs anyone who's been following my POLIS chart, you know that i've had these curved zones of accumulation and levels for awhile....It seems that it wicked down exactly to my curved zone, and closed still inside the descending channel, so analysis still stands the same...We need to get a 4hr close above $7, to resume up.
POLIS/USD STAR ATLAS DAO support and resistance Hello traders, this is my idea on POLIS/USD support an resistance levels on the daily time frame.
1. Higher Low trendline.
2. Demand Area.
3. First Line of Resistance.
If the price holds the trendline and demand area as support, we should see an attempt to turn resistance into support.
Rank #311
Volume 24H: $5,638,148
Friendly reminder that POLIS and ATLAS are strongly corelated.
Thanks
POLISUSD (Cryptocurrency) - ELLIOT WAVE ANALYSISIntermediate wave (2) has already retrace 61.8% of Intermediate wave (1). It also has completed a three wave structure downward ABC, hence; I believe Intermediate wave (2) has already completed and we are now approaching Intermediate wave (3) - which I expect it to reach at least new all time high.
POLIS - Star Atlas GovernancePOLIS is the compliment to ATLAS as the governance token for Star Atlas game.
Will have use case before ATLAS does as I believe voting will be available soon although I have not researched this recently.
The chart looks nice though, 5 wave impulse up is complete and I think the ABC down is also complete, or nearly there.
With the success of other P2E games like AXS as well as Solana's rising popularity, I belive both ATLAS and POLIS have good long term potential.