PAYBTC Double bottom formation
Updated
Reached 1st target 0.00022500 and rolled back. Supply and demand equalized, the company has many good news and strong potential. Price level 0.00020700 acted like a strong support and rebound have happened twice, so double bottom may be formed. If it confirms there will be further growth to the next target 0.00022500. However Stoch RSI indicates that the coin is in the overbought zone and the price can dip a bit till sufficient volume consolidation.
Trade closed: target reached
Reached the target and then H&S was formed currently went dip in order to consolidate volume
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