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...
Possible double bottom and contraction point. For safety waiting for triangle and upper support breakout would be best. TenX will be shipping all of the remaining cards during the holidays which could spark the uptrend depicted as Elliot wave. Timeline is orientatonal, targets depicted are possible. RR is great, stop loss should be under the support 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...
Following extended bullish divergences on the 1H, 4H and 12H time frames, PAY has begun to turn higher off lows from slightly below the 6000 range. Trading 6222 on Bittrex, PAY has a history of making sharp rallies off extended bottoms, showing approximate gains of 100% in December and 200% in January. This coin is coming off its lows now again, has turned bullish...
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.
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...
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!
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.