Always a tough call doing long term calls on young charts - although a couple of stand out indications here that make it look like quite a good opportunity. Notably at the $1.48 support showing a big bounce there and it looked like it was going to hold again until the #BTC crash on the 19th May - a very very unlucky time to get hit when trying to hold support. I feel it is inevitable that this support will be found again imo.
#EPS has just shown a small breakout on the ascending triangle formation getting back to a new high since the 7th June - I would say this breakout is not fully confirmed yet but it we are sitting in a pretty could accumulation zone. If this chart was spread over 2 or 3 years and looked like this I would be going all in right now but only sitting on a few months of data makes this current "bottom" somewhat unreliable.
I think worst case scenario outside of any major BTC crashes we will range between $0.4 to $1 for a little longer consolidated before major break up.
Although something tells me that the price is keen to get back to the $1.548 sooner rather than later - if it breaks below $0.4 then it is worth getting out o the trade as we are in a bearish price discovery zone and it could completely destroy a set up or any chance of getting out of it for a long time.
***These are idea's formulated from requests and are NOT formal BPT trade - only enter based on your own research***
#EPS has just shown a small breakout on the ascending triangle formation getting back to a new high since the 7th June - I would say this breakout is not fully confirmed yet but it we are sitting in a pretty could accumulation zone. If this chart was spread over 2 or 3 years and looked like this I would be going all in right now but only sitting on a few months of data makes this current "bottom" somewhat unreliable.
I think worst case scenario outside of any major BTC crashes we will range between $0.4 to $1 for a little longer consolidated before major break up.
Although something tells me that the price is keen to get back to the $1.548 sooner rather than later - if it breaks below $0.4 then it is worth getting out o the trade as we are in a bearish price discovery zone and it could completely destroy a set up or any chance of getting out of it for a long time.
***These are idea's formulated from requests and are NOT formal BPT trade - only enter based on your own research***
