Following extended bullish divergences on the 1H, 4H and 12H time frames, PAY has begun to turn higher off lows from slightly below the 6000 range. Trading 6222 on Bittrex, PAY has a history of making sharp rallies off extended bottoms, showing approximate gains of 100% in December and 200% in January. This coin is coming off its lows now again, has turned bullish on the aforementioned time frames, along with the daily, and has plenty of room to run from here. Time to get long.
Targets 7100 8500 9900
Stop at 5600
Trade active
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They went on a stop hunt here at 8:45 EST, but it came right back on a bullish wick and recommend being long still! Bullish divergence has only gotten better on the 12h and trade should still be active.
Trade active
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First target cleared on wick up to 7687 -
Trade closed: target reached
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Second target cleared on move up to 9400. It may yet regroup and make a run toward 9900, but not looking to be greedy at this point. Move could be done.