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.
In my opinion pay will go down to it´s resistance.
After this it wil retrace , to It´s Fibonacci to round about 50 or to 64 Cent.
This is no buy or sell recommendation, just what i think!
Been keeping an eye on this one for a little while on the way down, and the MACD bullish divergences (lower lows on diminished weakness) on both the 4h and 12h have begun to turn. This one is capable of sharp, fast moves off of divergent lows (see mid-Dec. and mid-Jan.) - so posting this now even if it turns out to be a shade early.
Trading 6550, stop at...
So looking at this simple set up we have some trigger points to buy depending on how the price action plays out.
So if the candles hit down and back up inside the wedge and breaks through you can place a buy trigger on the tick up to the break.
A buy range is the area of the blue rectangle.
Set a stop loss accordingly.
------No financial advice just my opinion------
PAY BTC is showing a clear bullish wedge pattern following its recent bull run. Look for a positive break out from this wedge aiming for a target of 20000 satoshi. The likelihood of a positive break out is fuelled by the fact that TenX will reward all PAY token holders on the Ethereum blockchain with a new ERC-20...
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.
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum in favor of bulls but temporarily heading towards the downside.
Shifting over to our pattern timeframe we see PAY has found support at 9800, stochastic rsi...
Many positive indicators
The price moves above the indices
There is a bullish line below prices moving above it and committed not to drop so far
In order to confirm the bullish path, the price must penetrate the resistance zone between
0.00011199 BTC and 0.00011950 BTC with the breach of the upper descending line
Buy from now is good with Stop...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 17th of August 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 37.53% PROFIT!!!
The increase in price may also be explained by positive developments including: