Long

EPS/USDT Update: EPS broke out of its consolidation triangle

Intro:
- EPS moved out of its consolidation triangle and retests upper resistance once more.
Each time a resistance is tested it gets weaker and it would look reasonable if we break through this time.
- Guys please give me some feedback to improve my charts, analysis and commentaries.


Daily chart on the left hand side:
- We saw a price consolidation into a very narrow range which now chose to follow the violet upwards trendline.
- The RSI is hovering over the 50 line and it looks like gearing up for an upwards move.
- The average trading volume is increasing and the next pump will likely be even bigger.


4h chart on the right hand side:
- Wee see a strong consolidation for the RSI with broader lines than last time.
- There is a golden cross from the 50 and 200MA indicated by the yellow camera.

Expectation:
- We expect a parabolic recovery which is also driven by the use case of Ellipsis (Trading stable coins for low slippage).
- Once we break through 0.95$ there is like no resistance until 1.5$
- If price follows the trading volume we expect ellipsis to recover nicely.


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.
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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.
alltimehighbreakoutconsolidationellipsisEPSEPSUSDTMoving AveragesparabolicrecoverySupport and ResistanceWedge

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