M-PAY
TenX lagging behind, should breakout soon!When we look at the major Crypto Debit/Visa card projects we can see that TenX has been lagging behind its competitors even though they probably have the strongest project. I would expect TenX to catchup and test if not break through its high of $6.90 USD.
PAY Calls for PatienceBarring any fundamental drivers, the technicals on PAY require some alignments for a safe trade. Though price closed and opened above the downward trendline, the last falling star candle shows bullish weakness. A safer trade begins when price works its way through the Kumo (red cloud) and calls for price on your 1hr to close and open above E and then only if confirmed by increasing volume and (with the DMI indicator), you'll want ADX and +DI both over 20, over 25 to be safest. If you use MACD and RSI, watch for bearish divergences and overbought areas. Above the entry at E, you'll find 3 resistance levels towards the ATH, which would be a nice 83% gain if momentum maintains. Take profits along the way and best to recoup your principle quickly. Happy trading.
$pay TenX - Neutral Position, Potential 3rd WaveOn a 1 Day Timescale, I think we could potentially see a formation of a possible 3rd Elliot Wave. We see some Elliot Wave rules being followed for the first 2 waves, we have a strong support at 0.00078000 Satoshi. The downward movements have also seemed to be running out of fuel, we need to see a strong increase in volume compared to the previous first wave movement. We have seen some small retracement between the 0.00076000-0.00085000 Satoshi Retracement. With incoming news of updates and app release to PAYBTC Platform, I believe we will see a renewed focus & attention as seen before. I would advise to not long or short, but keep an eye on PAYBTC for the Moment. Looking at Ichimoku we can see a potential Kumo-Twist so we would want to pay.
Potential 2X trade on PayBTCHigh risk trade idea here.
In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more.
Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin.
Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above.
Happy trading all!
PAY-BTC 1hrTenX. Fundamentals are good and their CEO is very motivated and keeps in touch with the public very well. Chart TA still supports a downward trend however some action may appear in about 36 hours.
Pay have made some big announcements and are active on the dev side. They are going to be featured on FOX news and their card will be released to the USA in Q42017. IOS app almost released, but web app can be used on all mobile platforms. Those on hold for cards will have them next month, so TenX has great potential. Lowest buy point would be around 82500sats.
PAY-BTC 4h chart - time to buy?Too low to keep on falling - reached its previous resistance, now last support level. Bearish movement near its end before a bull run. Looks like a good time to buy today or wait until it breaks. iOS app in the app store next week. Ghost candles projection could be steeper rise if volumes are there.
Divergence on MCO Monaco - been beaten down. Good Entry point. When Monaco runs - she sprints - good buy op IMO
PAYBTC fly high soonLooks like PAY is on a falling wedge and soon to reach supply zone (see red lines in the chart). Once it could bounce off from that zone, we're shooting for the stars!
Also, they have just released their web app in closed beta yesterday. So, prepare for the pump and buy now.
blog.tenx.tech
($PAY) TenX Falling Wedge BreakoutIf you bought in around the support zone marked 0.00081978 as posted in premium you are already up on PAY. We can see the falling wedge on the bearish trend through looking at the moving averages. Bollinger bands begin to compress about 1/4 of the way down the wedge. A falling wedge is also an indicator for upcoming bullishness which we see during the breakout. The buy zone was marked by using the support from the past 10 days while using the ascending uptrend line from the past 20 days. As always we want to sell on the way up. During a strong falling wedge, our sell target is typically the length of the original opening of the wedge in this case 0.00150673. If we bought at the marked entry point we would set our stop-loss at the latest swing low (0.00078011). Using Fibonacci Retracement lines we can also get a general idea of retracement areas to expect a pullback on the uptrend.
-
(reposted since my last one was made invisible)
GO LONG $MTL -- METALPAY POISED FOR A BULLISH RUN, BUY NOW !In case you didn't see, CNBC's Brian Kelly included MetalPay in his portfolio during his coverage of cryptocurrencies on the TV show Fast Money. The $MTL team also announced the alpha release of their new client, "We are very excited and proud to announce Metal alpha release now live as of 8.18.17." Metal is one of those coins will a growing community and a lot of enthusiasm surrounding the project. Users are reporting positive feedback regarding the Metal wallet and with institutional praise from investors like Brian Kelly, don't be surprised to see the coin moon in September.
Chicken Noodle Cup (and handle) on TenX PAYTenX is headed up after breaking out of the descending wedge. Right now on the 1hr it's potentially making a cup and handle which would signal even further upward movement. The first horizontal purple line indicates the target if it is a true C&H, with the higher purple line being the greater resistance level. Continuing bullish sentiment on this coin.