TradingView
tumbler55
May 8, 2021 2:07 PM

EPS/USDT Update: Bullish Head and Shoulder. 800% recovery Long

Description

Ellipsis still has a hard time recovering after this huge pullback starting with its Binance listing.
We give it another shot looking at the bullish Head and Shoulders.
There is a small breakout below the 0.6 Fib which could be considered as a beartrap if we move higher.

Our target still is 16$.
It's a matter of time, so be patient.



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.
Comments
Nikko23
16$? Why?
CryptoCreepya
@Nikko23, because he says lol
Nikko23
@CryptoCreepya why you write to me lol😂maybe you sold everything and want that this project go to bottom😂
CryptoCreepya
@Nikko23, im bored lol. nahh still holding. loaded at 2.5$
CryptoCreepya
@Nikko23, and yes i want it to go to 0.5$ so we can moon even faster. i hate the side ways
tumbler55
@Nikko23, Mainly because this is a bit lower than the very first peak where the ATH was set.
I think we did run into massive inflation here.....so now we nearly bottomed out and it will rise....but takes its time....
so from a short swingtrade this unfortunately turned into a long swing trade.....(instead of a week or two is more like 2-3 months)...
More