Looking at EPS we had a rough start since its Binance listing.
It continued to drop and had to deal with a drop this weekend together with the rest of the market.
We can draw a descending parallel channel that needs to be broken before we can get any proper recovery.
Except for some spikes the volume is pretty constant.
As stablecoins become more and more relevant especially during dips EPS is poised to bounce back in our opinion.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- 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.
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.
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.
It continued to drop and had to deal with a drop this weekend together with the rest of the market.
We can draw a descending parallel channel that needs to be broken before we can get any proper recovery.
Except for some spikes the volume is pretty constant.
As stablecoins become more and more relevant especially during dips EPS is poised to bounce back in our opinion.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- 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.
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.
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.
