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
- price pushed several times against 50EMA, if it gets supported by that then expect up to 12% short-term profit till next resistance
- buy: 440-470
511 - 12% proft -
560 - 23% profit
680 - 50% profit
- stop: 400
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...