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EPSUSDT

EPS/USDT Downtrend breakout. How high can we go till EOY?In case you miss a chart you can suggest it in the comments. Maybe we will cover it next time. Intro: - Ellipsis is a low slippage stable coin swapper onto the Binance smart chain ( BSC ). - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. Daily chart: - Price shows a breakout above the purple resistance line. The 0.45$ line now acts as support. We immediately face the local resistance around 0.53$. - Volume is on a steady decline since September where price peaked. Once we confirmed the trend reversal we expect additional price spikes. - RSI analysis confirms the breakout alongside price. - Support lines are at 0.45$ and 0.35$. - Resistance lines are at 0.53$, 0.8$, 1.075$ and 1.5$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. After the peak around 1.1$ we got hammered down to 0.45$ and expect to recover within this month. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - Binance got rid off some FUD that partly caused it's price to fall. Now BNB sees a great recovery which opens the doors for BNB projects like EPS . - DeFi will get more attention during Q4 again and not only for Tax reasons. - End of the year prediction: We will see a 1.5$+ EPS before the end of 2021. 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. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ELong
by tumbler55
3
EPS possible to buyEPS (and also many other coins but not as much as EPS) is in a very attractive position to buy. fibo and vp price levels are extremely powerful and they overlap. there should be certainly a good reaction, although it might not be the real gamechanger. it can maintain its downward move if the daily timeframe wants to drop. also keep in mind that bitcoin is a bit risky these days. (although the risk of bitcoin reduced to about lower than 50%) It's kinda like a signal, but keep it safe.
ELong
by Finnovin
1
EPS/USDT Update: EPS broke out of its consolidation triangleIntro: - 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. 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.
ELong
by tumbler55
3
EPS/USDT Big consolidation before big breakout? Let's seeEllipsis currently is within a big consolidation which is indicated by the violet lines. The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge. Daily chart on the left hand side: - We see the price consolidation into a very narrow range. - 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. - There is a golden cross from the 50 and 200MA indicated by the yellow camera. 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.
ELong
by tumbler55
1
EPS/USDT Back on track after another retest of previous supportEllipsis did another retest of the 0.34 line which was unexpected due to the strong recovery right before that. However, we did get a very solid bounce and are again above the violet upwards moving line. Once the 0.53 line is broken we expect a major upwards pump. The strong volume increase during the last 30 days shows rising demand. Just to get near previous ATH we would need more than 2000% from here. So stay patient and enjoy the ride. 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.
ELong
by tumbler55
3
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.
ELong
by tumbler55
2
EPS/USDT Descending triangle. Opportunity to recoverCurrently we are within a descending triangle between the green and yellow lines. What keeps us optimistic is the fact that we see only see strong volume increase in case we are moving upwards. This indicates that buyer don't sell again. You can stake EPS or USDT/BUSDT/USDC on the official website. 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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by tumbler55