EPS got recently listed on Binance and is still a very young project. Ellipsis is specialised on low slippage for stable coin swaps which becomes very handy. After this selling opportunity we suppose the bullish head and shoulders indicate that we are going upwards again.
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.
I see cup and handle formation in 1H graph. If it can reach to around 4.75 , it may jump more from there. What do you think mate?
dsclinic49929
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Do you have stop loss
tumbler55
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@dsclinic49929, This year I only did spot trading long positions without any leverage.
So no I don't have any stop loss which doesn't mean you shouldn't have any.
Longterm I don't see any decent coin going to zero so I just hold until it's positive.
Doggiestyle
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@dsclinic49929, decide your own risk appetite. 5, 10 or 30% then apply stop loss
tumbler55
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And also distinguish between different risk classes....Newborn projects are very risky while established coins are less risky....
TheRock99
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ayak....:(
tumbler55
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@TheRock99, It defenetly drags me down lower than I thought.
Keep watching...it kinda has to bounce somewhen...
funny thing is that we are on the other side of the purple line...just didn't get the separation yet...
aunmilanos
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New low again
tumbler55
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@aunmilanos, Wasn't the last one I guess.
Keep watching.^^