** An idea based on fundamentals and a little TA ** Please do your own research.
Late 2015 a new blockchain was made available for trading with a market capital that quickly grew to around 100m. That was Ethereum , Yours for 90 cents per token. 4666x later folks remain incredibly bullish . That’s cool. But another 100x? No way. 10x perhaps in some distant future. 3-4x has a chance in this cycle.
The successful price appreciation of Ethereum was not just a result of the technology on offer but also in part to the timing of the launch. Right on the door step of a significant bull market. I’m confident we’re not going to see another 2-year bear market following this coming market top. Perhaps 6 months at best.
There is now a handful of tokens in the space that are setting themselves up in almost an identical way to the early days of Ethereum . I’ll publish them as time allows, it requires a lot of study, team behind project, adoption levels, TA etc. If you missed out on the crazy moves of SHIBA INU / Aixe Infinity, this is for you..
The first genre that peaks my interest is in the Gaming / NFT space. Axie Infinity ( AXS ) has already shown the potential of how gaming / NFTs are interweaving. Especially as you consider the network effects, participants are everywhere even if they’ve never heard of Blockchain, they don’t need to.
The first Gaming / NFT platform that caught my attention is Star Atlas .
Star Atlas ( ATLAS ) is actually two tokens:
ATLAS , the in-game currency and POLIS the governance token. The focus of this idea is POLIS.
There’s such a lack of data to work with the above are 12-hour charts!
On the above dollar (left hand side) / Bitcoin charts price action has corrected 60%. Now is a excellent time to get long exposure. Why?
1) Price action has broken out of resistance.
2) RSI resistance has also broken out and confirmed as support.
3) The POLIS / BTC chart prints a ‘incredible buy’ signal following the breakout of resistance.
4) The 4-day POLIS / BTC chart (below) prints a dragonfly DOJI . Do not ignore.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Good luck!
WW
The Bitcoin chart prints a ‘inedible buy’ signal.
4-day BTC chart
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ATLAS up 75% in 3-days!
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PS: Don't FOMO, price action at resistance on ATLAS, might be an idea to wait for a test of support.
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Over 60% in a little over a month. Take that Bitcoin / Ethereum.
No indication of a sell signal.
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A good moment following a near 80% correction as a incredible buy signal prints on the daily
Allow 3-6 months on ideas. Not investment advice. DYOR
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