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titaniumdavid
Aug 29, 2017 12:38 AM

PAY Calls for Patience 

TenX Pay Token / BitcoinBittrex

Description

Barring any fundamental drivers, the technicals on PAY require some alignments for a safe trade. Though price closed and opened above the downward trendline, the last falling star candle shows bullish weakness. A safer trade begins when price works its way through the Kumo (red cloud) and calls for price on your 1hr to close and open above E and then only if confirmed by increasing volume and (with the DMI indicator), you'll want ADX and +DI both over 20, over 25 to be safest. If you use MACD and RSI, watch for bearish divergences and overbought areas. Above the entry at E, you'll find 3 resistance levels towards the ATH, which would be a nice 83% gain if momentum maintains. Take profits along the way and best to recoup your principle quickly. Happy trading.
Comments
The_Token_Kiwi
brilliant mate, thank you
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