EPS/USDT Update: Will a double bottom save Ellipsis?
Ellipsis as you already know did bleed out since the beginning of april where EPS was Binance listed.
We now got a double bottom which is a strong reversal sign.
Check out the volume increases and you will see that over the last month the increases appeared during upwards movements.
These coins were not sold according to the chart which means most people that invested stay bullish and hodl on.
Ellipsis has a great usecase providing the opportunity to interchange stablecoins as a decentralised plattform with low slippage.
The future is decentralised and projects like EPS are at the forefront.
We added to our EPS bag and enjoy the upcoming ride.
Feel free to comment and start a discussion here.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
We now got a double bottom which is a strong reversal sign.
Check out the volume increases and you will see that over the last month the increases appeared during upwards movements.
These coins were not sold according to the chart which means most people that invested stay bullish and hodl on.
Ellipsis has a great usecase providing the opportunity to interchange stablecoins as a decentralised plattform with low slippage.
The future is decentralised and projects like EPS are at the forefront.
We added to our EPS bag and enjoy the upcoming ride.
Feel free to comment and start a discussion here.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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