MikeCryptoSignals

[PAY/BTC] TENX PAY TOKEN SHARING STRONG [ 25%-400% PROFIT]

Long
MikeCryptoSignals Updated   
BITTREX:PAYBTC   TenX Pay Token / Bitcoin
#PAY / BTC ( Bittrex )

Buy Range : 0.0001-0.000103
Stop Loss : Below 0.000093 ( Day trading )

Target 1 : 0.000132-0.000149 ( Short-term target 4h Chart )
Target 2 : 0.000193
Target 3 : 0.000272
Target 4 : 0.000437

WEEKLY CHART

- Another chance to turn CCI into Green ( Neutral )
- RSI downtrend has been broken and pointing up ( Positive )
- SAR downtrend near to be broken ( Positive )
- Big Green Volume Candle which could suggest downtrend has been finished ( Positive )

DAILY CHART


-RSI is sharing slighlty bullish sharing a solid strenght ( Positive )
-CCI has extended green momment ( Positive )
-MACD indicates confirm good momment ( Positive )
-Candle its being supported by EMA20/MA50 ( Positive )
-Ichimoku Cloud hasn't been broken yet ( Negative )

If we look into Daily Chart, we can observe how this coin seems strong and suggest further positive short-term rise which could reach descending trendline/0.382-0.5 fibs/top of the red cloud. This could means an easy 20-30% profit for short-term if finally it moves.
MA200 continue rejecting every candle which indicates downtrend haven't finished yet. Take care and take profits if happen and stay looking next candlesticks

CONCLUSION

PAY token its sharing itself strong against BTC since end of June where has been tanking swing movements on market.
After has been falling for more than a year , selling pressure has lost its steam suggesting a potential bottoming over end of June.
if we look into short-term charts volume remains weak, but any buy pressure could boost prices quickly.
About fundamentals, This currency has lost a lot of credibility because it has not fulfilled different promises and has not been able to carry out the objectives, that is why its price has received a hard punishment.
However, any positive news could push the price quite fast since price is really low right now

Good luck
Comment:
On the good way
Comment:
Target 1 touched. 50% profit
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