EPS (Ellipsis) is in a general downtrend on Daily and higher time frames, with an occasional side action. In the short term, it looks like EPS will retest the Golden Pocket (0.2754 to 0.2822) channel of Fibonacci Retracement from December 27th.
I'm waiting for either a bounce off of Support 4H or the GP rejection.
This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades!
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nice TA! very bullish on this project.... factory pools added, MIM pool coming soon... 82% emissions cut come March 24th and some other big announcement coming Q2.
pledcoadel79828
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thank you for your insights, what do you think about EPS in 6-12 months from now, thank you for your answer in advance.
WhoIsWu
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@pledcoadel79828 Without some concrete qualitative analysis I wouldn’t forecast that far into the future. EPS is a very young asset, it has yet to establish a complex chart pattern on a weekly timeframe, so far it’s a downtrending channel, and not a very good one. Past 7 days, EPS dynamic has seen some bullish action, someone is trying to push the price up. I would wait for the price to break 0.34-0.35 levels before making a positive forecast. If I was to do a blind forecast, based on chart alone, 0.65 is possible, but confidence of that target is super low, hence the blind forecast part. Wait for EPS to break 0.35, then make an assessment, or remind me, I’ll take another look. Happy trades!