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Pols

Polkastarter (POLS)Polkastarter is a decentralized fundraising platform, empowering Web3 projects to launch and raise funds through multichain token pools while significantly growing their communities. The platform supports initial DEX offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo. Anyway, besides the begging, POLS was in a downtrend move for quite a while. It seems, an inverted wedge pattern, a big one, has formed, and POLS has started an upward wave from the bottom. Also, a harmonic pattern is formed too, and POLS is trying to break the right leg's minor downtrend line. Let's see if POLS can reach the inverted wedge's upper line or not.
Long
by SaeedSalehinia
POLSUSDT.1DIn my analysis of the POLS/USDT daily chart on Binance, I've identified several crucial elements that offer insight into the pair's price dynamics and potential future movements. The chart shows POLS/USDT experiencing a significant price decline followed by periods of volatility. Notably, there's been a sharp decrease from highs around $1.40 to current levels near $0.3773. This decline brings the focus to key support (S1) and resistance (R1, R2) levels. Support and Resistance Levels: S1 at $0.2437: This level is critical as it has acted as both support and resistance in the past. If the price breaches this level, it could signal further declines. R1 at $0.6894 and R2 at $1.0046: These levels represent potential upward targets should the market sentiment shift. R1, in particular, is crucial as it marks the midway point of the recent decline and could act as a psychological barrier. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 29.91, indicating that the asset is potentially oversold. This could either suggest a forthcoming price rebound or a continuation of the downtrend if the market conditions remain bearish. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line and both are trending downward, which traditionally signals bearish momentum. However, the proximity of the lines suggests that a reversal could be imminent if bullish signals emerge. Given the current market conditions and technical indicators, the immediate strategy should involve close monitoring of the $0.2437 support level. A daily close below this level could exacerbate the bearish trend, possibly driving prices to seek new lows. Conversely, stabilization or a rebound from this support level could offer a buying opportunity, with initial targets at R1. In conclusion, while the overall sentiment appears bearish due to the recent significant declines and current MACD positioning, the oversold RSI condition warrants caution for bears and may offer a strategic entry point for bulls. My approach will be to watch for potential reversal signals or further confirmation of the downtrend, adjusting my strategy based on the price action near these key technical levels.
PLong
by MarsSignals
Delving into the Depths: Bitcoin & POLS Analysis📅 Today, we're diving into the analysis of POLS, a coin suggested by one of our followers in the comments of yesterday's analysis. If you have a coin in mind that hasn't been analyzed yet or if the analysis is outdated, let me know in the comments, and I'll be sure to provide an analysis for you. But before that, as always, let's start with Bitcoin. 👑 Bitcoin Analysis 🔍 I'll analyze Bitcoin in the 1-hour timeframe, as usual. Yesterday, the 61273 trigger was activated, and it's likely now in a risk-to-reward 1 area. As I always say, the first target should be at least a risk-to-reward of 2, as I don't find 1 or 1.5 risk-to-reward ratios worthwhile. So, if you opened a position with yesterday's trigger, I suggest keeping it open. 📊 New selling volume is entering the market, and in the last two strong candles, significant selling volume has entered. 📉 If you don't have a position and want to open a short one, the 60635 trigger can be very suitable. However, I prefer it to test this support again and break it next time, as this would make me more confident in the trigger. The RSI trigger is also being activated at 35.86, which will likely confirm the entry before the price does. 📈 For long positions, we still need more space and structure, but I think a suitable structure for a long position will form by tomorrow, and I'll discuss it then. 💎 POLS Analysis 🔍 Now it's time to analyze POLS. The analysis will be done in the daily timeframe, but I'll also check lower timeframes for futures. First, let's review the project. 🗂 The POLS project is a blockchain-based platform that provides infrastructure for new projects to conduct presales and raise funds for their projects. Projects on this platform are very risky, and most of them fail, but if you have the necessary knowledge to evaluate projects and conduct your own research, you can discover new market gems and earn significant profits after their tokens or coins are listed. Additionally, the gam3s project is a subset of this project, acting as a game launcher. Just as the main project is a platform for viewing and purchasing blockchain projects, gam3s is a platform for viewing and purchasing crypto games and Play-to-Earn games. 🎲 In the daily timeframe, POLS had a long-term range box, and after breaking the box from below, it started its downtrend, forming a descending trendline from the price lows, which can be considered as the target for each wave. The SMA25 has also effectively supported the price in this trend, preventing it from losing its bearish momentum. Currently, the selling volume in the market is decreasing, indicating that these moves could be among the last in this cycle. For the downtrend to continue, selling volume needs to increase again, and ideally, the RSI should break the 27.32 support to bring bearish momentum into the market. 🪤 There was a Fake Breakout from the 1.1738 ceiling, which initiated the bearish move. I want to talk more about these fake breakouts. The analytical use of fakes is such that each fake breakout has a trigger, which in this example, was the 1.0577 trigger. After breaking this trigger, we can say the market turned bearish. The reason is that buyers broke the resistance and gained control but couldn't maintain it, resulting in a lower high and introducing bearish momentum into the market. 🛒 For spot buying, considering the bearish market, there are no resistances yet for this coin that would make a spot purchase logical. The closest trigger for a spot buy is 0.7492, which is quite far, and before that, the price will likely form a new structure and provide a lower entry point. 🚀 For futures trading, it's better to look at the 4-hour timeframe. ⚙️ In this timeframe, another fake breakout occurred, but in this example, the trigger wasn't activated, and the price is moving downward again. 📉 The short trigger for this coin was 0.5515, which has been activated. The target for this trigger could be the trendline drawn in the daily timeframe or the static support at 0.4636. The trigger for this move in the RSI is 38.06. 📈 For long positions, the 0.5728 trigger is suitable, but the price is far from it and might reach it in a few days. 📝In conclusion, the market conditions indicate potential short opportunities for Bitcoin while POLS shows promise for long positions if the resistance is broken. Always remember to use appropriate risk management techniques and adhere to your trading strategies. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
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by itsparham96
1
POLS/USDT Poised for a Bullish Break from the Demand Zone?🚀POLS💎Paradisers, attention is due as #POLSUSDT showcases a compelling maneuver, nestled within a demand zone and on the verge of a potential bullish breakout. 💎 Observing #POLS, we've identified a descending channel pattern, with current price action flirting with the horizontal supply zone between $0.8699 and $0.9702. Now, as the price pivots back towards this range, there's a burgeoning chance for it to sustain its upward trajectory and launch into a significant bullish journey once more. 💎 As astute traders, we're always contemplating alternate outcomes. Should the initial bullish anticipation not materialize, we're eyeing a bullish recovery from a secondary point of interest at the lower demand level of $0.7681. A descent below this marker could spell a considerable retreat.
PLong
by MyCryptoParadise
Polkastarter Must be taken Seriously and Invested Now 22/02/2021polkastarter as the next step for truly interoperable DeFi. A Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard. In order to leverage advantages, smooth interoperability between various networks is a key to success. The killer feature of Polkastarter is the possibility of making cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while staying connected to the Ethereum Network and other blockchains for liquidity. Other features include permission less listings, token swaps by smart contract, private pools with password, whitelisting and high slippage price alerts. Pools will have several types of swaps, including fixed ratio swaps, dynamic ratio swaps, dutch auctions and even sealed-bid auctions. Technical: we may see some retracing and bearish move down but it is ultimately will raise and rally as this protocol is very essential and we can target the Fibonacci expansions as our coming targets there are total of 2 TPs which one is blow the ATH and the other is above it and can be counted as a starting place
Long
by BitonGroup
25
✳️ Polkastarter Confirmation (100%+ Potential Easy)This is what I called a "bullish confirmation", the same pattern being repeated on multiple charts. POLSBTC hit a lower low compared to June 2022 while at the same time printing a long-term bullish divergence with the MACD and RSI. We have a strong volume breakout as prices move up. This is the same pattern we are seeing on many of the ALTSBTC pairs, what one does the rest follows, the confirmation is on the chart. I'll share one more. Namaste.
PLong
by AlanSantana
1
$POLS/#USDT [#Polkastarter]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $POLS / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.479 | 0.504 | 0.55 and the major support zones are respectively at 0.433 | 0.412 | 0.366. We may consider entering a trade at the current price zone at 0.474 and targetting higher levels. Technical Metrics : Current price: 0.474 24H Volume: 519,100.2728 ₮ 24H Price change: 7.727% - Pivot Points - Levels : Resistance: 0.479 | 0.504 | 0.55 Support: 0.433 | 0.412 | 0.366 Indicators recommandation : Oscillators: SELL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth POLSUSDT technical analysis on > Tradingview TA page What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
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by Crypto2AF
POLS global target +1000%POLS is a decentralized platform that allows blockchain teams and various companies to fund and launch their projects. With its help, they create multi-chain token pools, raise funds and expand their communities. POLS is the utility token and governance token of this platform. Global falling wedge, the figure is quite beautiful, you can work) The price bounced off the last support level I'm waiting for the wedge to arrive and rise) This is a daily chart so the target is global.
PLong
by CHOWTRADE
📈Polkastarter #POLS $POLS (Jul-7)POLS is approaching the $0.55 zone, which is a very strong resistance that it has been rejected continuously since mid-June. However, at this time, the possibility of breaking through this zone is very high as it is being supported by the accumulation coming from the Symmetrical Triangle pattern. If it overcomes this $0.55 zone, it will have a strong rally to the $0.8 zone, which is a 100% increase from the $0.4 bottom. However, if it loses this $0.55 zone again and breaks out of this Symmetrical Triangle, we might still consider buying it back around $0.45 as this is a very reliable support since mid-June.
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by CryptoStation
Polkastarter Token is Bearish and Target will be $0.5 if reject #POLS/USDT TA Update:- $PolkaStarter Current price is $1.41 As per chart $POLS is bearish at this time. As per chart Formed Head & Shoulder pattern and This Pattern already broke down the Neck Line Support. So Now..? If $POLS break $1.50 level then Bullish otherwise We can see $0.5 in near future. Major level is $1.50 So If break $1.50 above then Bullish otherwise bearish chart. Support:- $1.20/$0.9 Resistance:- $1.50/$1.90/$2.50/$3.30 One more important in chart:- Daily time frame also showed Bullish divergence.
PShort
by CryptoPatel
5