First target wicked for a nice 63% trade.
TP 1 = 0.00000800
A valid entry for the first target is under the 0.00000600 - reached and still valid
TP 2 = 0.00001600
TP 3 = 0.00003000
A valid entry for the second and the third target is under the 0.00000800
SL = 0.00000368
TenX Pay Token (PAYBTC) just hit a new All-Time Low and the signals are there for a bounce.
As soon as prices for PAYBTC move above the green zone/rectangle, we can expect a strong bullish move.
All the different targets can be found in the chart.
Conditions for change
If prices move and close below 0.00000451, the above signals become invalid and a new...
Looking at the daily chart for PAY/BTC, we can see a massive falling wedge coming to completion. Using the wedge height to determine the target price, you can see we have a massive target ahead of us. Remember that this is a long-term target that I imagine will take us into next year, so do not expect us to hit this overnight. But it is a huge target nonetheless...
Looking at PAYBTC's 4-hour chart, the price action has been in a falling wedge technical pattern for over a year and it is nearing completion. The price has formed a nice rounded bottom and broke above two resistance lines. Huge divergence can be seen on the MACD. If we break this pink overhead resistance trend, I think we're off to the races and could be in line...
Here's what I'm looking at on TenX's daily chart:
1) Massive falling wedge near completion
2) Repeating fractal whose next move would be up
3) Price is on support - Look at what happens when the price has hit support
4) Near bullish crossover on the daily MACD with a distinct flat bottom reversal pattern that occurred in the previous fractal
Keep this on your...
UCTS Buy signal on the 1D/2D
RSI / MACD / Volume rising...
Crossing above EMA100 on the 2D could act as trigger for the trade...
Entering now is also valid, with a SL on the lower trendline of the triangle...
Looking at TenX's daily chart, we can see the price action has bounced off support. The MACD is coming around as well. PAY has the ability to move quickly. My initial target is the upper resistance boundary at ~.0001sat.
PAYBTC Has grown by a massive 130%+ in the past two weeks... But why is that?
TenX is releasing their cryptocurrency debit card in Australia I am being told, this is a feature that many people have been looking after.
The charts are also looking really good.
There is an upcoming event end of month, this too can mean positive for the price of this altcoin.