It's time for TenX is life up to its value. Break out soon!
Updated
TenX/Pay is consolidating now for about three months and becomes slowly but steady unsettled. Considering that TenX is one of a few Projects that have an actual product, I believe the PAY coin is one of the next that will surge!
What me made to invest in TenX is basically, the more transaction volume the TenX credit card processing, the more valuable PAY is. The value of this token is driven by transaction volume, not from the increased usage of the token, which makes it different to nearly all other currencies, if not all.
Token holders will receive 0.5% of the whole payment volume that is spent by the TenX debit card. The payments to the token holders will be paid in Ether as PAY is an ERC20 token.
Without doubts, if uncertainty rises, which will at some point due to the speculation game that is going on and we’re all caught in, then actual working products with a real-life use case will be the save harbors as they have value. Reminder: Price is what you pay, value is what you get.
Analyse:
After the surge in the beginning of August, the price has plumped due to on VISA license issues and the rise of Monaco, which is a competitor in this niche. Since then investors confirmed the former support line at 3.1$ as the current important resistant line at the 38% FIB level.
Bullish signs:
- We see a huge flag that has been formed, which indicates a break out soon.
- We also see a huge cup and handle which ends at the upper line of the triangle.
- MACD is in the bullish zone and has crossed the signal line.
- Volume is about to accumulate. Whether or not the volume is enough is unclear yet.
Waiting for confirming bullish signals:
- ADX and DI: If the green line goes up we have a signal. As narrower the angle is, as stronger the signal is as stronger the signal is.
- Breaking the flag at 2,8$ is a good sign, breaking the resistant line at 3.1$ is an even better signal.
Target 1: 3.8$
Target 2: 5.6$
Disclaimer: Please to into account that I am not a professional and solely try to make sure to invest smart. As I appreciate the trading ideas by others a lot, I want to share some thoughts. Hence, feedback and corrections are very welcome!
What me made to invest in TenX is basically, the more transaction volume the TenX credit card processing, the more valuable PAY is. The value of this token is driven by transaction volume, not from the increased usage of the token, which makes it different to nearly all other currencies, if not all.
Token holders will receive 0.5% of the whole payment volume that is spent by the TenX debit card. The payments to the token holders will be paid in Ether as PAY is an ERC20 token.
Without doubts, if uncertainty rises, which will at some point due to the speculation game that is going on and we’re all caught in, then actual working products with a real-life use case will be the save harbors as they have value. Reminder: Price is what you pay, value is what you get.
Analyse:
After the surge in the beginning of August, the price has plumped due to on VISA license issues and the rise of Monaco, which is a competitor in this niche. Since then investors confirmed the former support line at 3.1$ as the current important resistant line at the 38% FIB level.
Bullish signs:
- We see a huge flag that has been formed, which indicates a break out soon.
- We also see a huge cup and handle which ends at the upper line of the triangle.
- MACD is in the bullish zone and has crossed the signal line.
- Volume is about to accumulate. Whether or not the volume is enough is unclear yet.
Waiting for confirming bullish signals:
- ADX and DI: If the green line goes up we have a signal. As narrower the angle is, as stronger the signal is as stronger the signal is.
- Breaking the flag at 2,8$ is a good sign, breaking the resistant line at 3.1$ is an even better signal.
Target 1: 3.8$
Target 2: 5.6$
Disclaimer: Please to into account that I am not a professional and solely try to make sure to invest smart. As I appreciate the trading ideas by others a lot, I want to share some thoughts. Hence, feedback and corrections are very welcome!
Trade active
Pay is about to surge! - Flag has been broken and the 4h candle has confirmed that 2,8$ resistant has broken.
- ADX and DI also give a decent bullish signal at the 4h chart.
If the target 1 is reached, we will see PAY rise to target 2. rather quick.
Opninions?
Note
BTW, I'm sorry for my spelling mistakes. I'm better with numbers and English is not my mother tongue. So bear with me and I'll promise to double check next time my spelling and grammar.Trade active
The first target was briefly reached and we see a consolidation. Resistance at 3.131 seems to be confirmed. Now we need volume to go into surge mode.
Disclaimer
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