EPS/USDT Volume increase shows rising demand. Is the bottom in?
EPS continued its downfall during June as most other coins did as well.
However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line.
We also did notice two bigger volume pumps that increase rising demand.
EPS provides low slippage swaps between different stable coins like USDT, USDC and BUSD.
The RSI is around 40 and looks like it's forming a recovery.
The 200MA was crossed the first time for a very long time now and reaches a plateau which might end in a recovery.
We also can see the 50MA and 200MA cross where finally the 50MA is above again.
These are early signs of a recovery that is not confirmed yet.
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.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line.
We also did notice two bigger volume pumps that increase rising demand.
EPS provides low slippage swaps between different stable coins like USDT, USDC and BUSD.
The RSI is around 40 and looks like it's forming a recovery.
The 200MA was crossed the first time for a very long time now and reaches a plateau which might end in a recovery.
We also can see the 50MA and 200MA cross where finally the 50MA is above again.
These are early signs of a recovery that is not confirmed yet.
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.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.