Polkastarter (POLS) - dropping to new lowsPolkastarter seems to have promise although it is a little unclear exactly who the two founders were at first, having just been added to the project in June 2020, and September, 2020. Since then, they have added more to the team, however I still express doubts. Either way, a lot of attention has been directed towards this ico, so their marketing campaigns are significant.
The coin is about to hit its all time low price, and either form a double bottom, and bounce - or form a new all time low.
Pay attention to volume, which has been steadily ramping up.
I do not see any divergences that are of significance, on all time frames, other than the 4H chart which shows a potential divergence appearing, but we will not know until downward cycle ends.
Although it does not seem like a reversal is likely, I acknowledge that this coin is in price discovery and will be hard to apply general technical analysis.
A new low is likely, but I would not be surprised to find heavy resistance at this level.
