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...
$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...
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...
$ATLAS shaped a Shark pattern that can complete around $0.096.
so price of this #metaverse token may have more drop to that price and may not, breaking out from $0.143 can cause pump to $0.32.
and if price break down from support zone, next support is around $0.072.
Price has moved according to the previous analysis that I published.
the price reacted to a resistance zone and now it is moving toward the support level.
watch it out.
check the link below to see the previous analysis.
The price recently broke out from bullflag but the pump didn't last long as high selling pressure stopped it at 0.171x(red local level). The price then found support at 0.151x(green local level). Entering at current price isn't ideal as the price is neither at resistance nor at support kind of consolidating between levels, so it would be praying for luck....