PAY USD says goodbye to the bulls?

BITTREX:PAYUSD   TenX Pay Token / US Dollar (calculated by TradingView)
It looks like the Tenx Pay bulls are heading home and the bears are going to take over. The bullishness started when Tenx announced airdropping a new Tenx token to all eligible Pay token holders with the price of pay soaring up to a peak of 0.54 USD more or less. After that a couple of days of massive sellof took place, which I wasn't expecting, which took the price back down sub 0.30 USD. The last few days before the screenshot of Pay token holders will be taken (in about an hour), price started picking up again with a peak at 0.46 USD yesterday. A drop followed with price picking up again half a day ago and it seemed to stagnate around 0.44 USD where a similar bearish wedge became visible to the one a day before. I sold off as the price broke below this wedge . I assume price will drop A LOT within the next hours as people who aren't eligible for the new Tenx token or who aren't interested will sell off their Pay tokens.

----Again just my opinion, no trading advice--------

Happy trading,

Dec 30
Comment: That was a hell of a drop! A local bottom was found at about 0.18 USD and it seems to be correcting from that drop now recovering to just below 0.30 USD (that would have been a sweet trade but very risky) after which I expect it to drop again.

----Again just my opinion, no trading advice--------


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