The ATLAS/USD weekly chart exhibits a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target in the range of $0.05-$0.10. This potential price increase coincides with the growing interest in gaming-related crypto projects within the cryptocurrency space. Some analysts believe that after the surge in meme coins, the...
Star Atlas is a metaverse introducing a unique gaming experience by harnessing the power of traditional core game and blockchain mechanics.
coinmarketcap.com
staratlas.com
staratlas.com
PARTNERS & BACKERS :
SINO CAPITAL
REPUBLIC CRYPTO
ANIMOCA BRANDS
LD CAPITAL
YIELD GUILD
SPARK DIGITAL CAPITAL
etc.
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...
Opportunities on alt-tokens everywhere at the moment..
On the above daily charts (USD left side, BTC pair on right) price action has collapsed 80% and 70%, respectively. Now is an excellent time to be bullish, why?
1) Both USD and BTC pair print ‘incredible buy’.
2) Did I mention price action is down 80%?
3) Multiple oscillators printing bullish divergence...
ATLAS is consolidating in a bull flag below strong descending resistance. More times than not, this leads to expansion through resistance on increasing volume.
You do NOT buy this here if you are looking for a trade. You wait until a clear break of both the small flag and the blue descending line on increasing volume.
Areas of likely support and resistance are...
Hi traders, Welcome to Tournesol signals. ATLASUSD have formed a BULLFLAG. in this week we are waiting to buy around 0.32 zone.
Remember to play safe.
Tournesol.
Lesson One in Trading :
Keep It Simple !
As you see atlas ready to breakout and when ascending trendline break you can go in !
its my idea about the road !
NOT FINANCIAL ADVICE
ATLAS possible S/R flip with the metaverse hype. Good buy close to the marked area, stop below for a minimal risk long term hold bag. Metaverse hype will continue till the EOY as I see it with the incoming new projects. Embrace the market and hop on the train!
I wouldn't sell any ATLAS at this point. as we are touching .786 .887 Fibonacci and there are already sign of inverse.
so I think this could be a finish for the capitulation phase.
