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TENX

PAY/BTC Short term movementPAY TenX is a great project with amazing team that is working super hard to provide a working product. In my opinion it has way more potential than MCO, which has been pumped way too much recently. PAY has been in downtrend basically since the last pump which set the new ATH. Right now, we're very close to the trend line and strong support near 54-55k area. If we break the trend line we might see a movement into the Ichimoku cloud and stop around 60k. Stoch RSI shows that we're in oversold area, so let's hope for trend reversal. But the most important thing is not to break the support line. If it does so, we could see a fall to the next support line around 43-45k. This is the first analysis I publish, so any feedback is appreciated. Happy trading!
by CryptoEngineer1
1
$pay - TenX the sleeping giant is preparing to awaken.PAYBTC is another coin which I have been very bullish on alongside Metal in the payments area of Cryptocurrencies. I think PAYBTC has been heavily undervalued for the updates and growth they have shown us already. I believe when better branding is done, a step up on the marketing and listing on more exchanges we will see the price EXPLODE even more than it has already. We have been on a downtrend but I honestly think that is coming to an end and that we may see a reversal here. Using a Gann Fan I have created a potential support-resistance on a 12H Scale that we could image movements to follow. Stoch RSI has been showing oversold and looks to be preparing for the rebound as well. I have also placed Fibonacci (cyan lines) to give us an idea of future support and resistance zones if momentum is slowed down. Using a Fibonacci Retracement it seems like we already have oversold on the retracement. PAYBTC team continues to be active on slack, alongside the community. They have also been up to par on keeping us updated through their blog with Dev Updates and Facebook Livestreams!
Long
by mumbojam
TenX Buy OppertunityTenX looks a great buy at the moment. The product itself has a great use case and really seems like one of the front runners in bridging the crypto-real world space in terms of payments. Fundamentally the product is solid. Technically, it looks a great buy at the moment. It has currently retraced to the 0.786 fib level after its bull run in early August. The whole way up and down it has really used the Fib levels nicely as support and resistance. The other point that makes me believe that it will bounce from here, is the fact that it is using the same support area from where it bounced to reach an ATH. I think that once we break out from the current descending resistance (red line), this will take off. I'll be looking to take profits at about 0.0011, where its been used as resistance a couple of times before. I'll be setting stops at around 0.000575 just after the massive buy wall
by blakeren
TenX Catching the Bitcoin Corrective TsunamiThere is a bearish pennant chart pattern across most cryptos that began on Sept. 8, and has now broken out. What’s remarkable is that it occurred across many cryptos at the same time. This suggests to me that there is a move underway, which will affect all cryptos. Specifically, I’ve already written about the Bitcoin tsunami, where I am expecting a correction down to the $3000-$3500 range, and possibly deeper if the conditions are right. However, for TenX, the pattern is not quite as clear as for the other cryptos, as the penant appears to be drifting upwards slightly with each bounce. Nonetheless, the breakout has occured even for TenX. In addition, TenX appears to have some noise that manifests as a hyper-extended wave 5. I believe this is due to pump and dump groups, who artificially, albeit temporarily, manipulate the price of a low-cap market. The reason I think this, is because the overall price structure seems to be out-of-whack compared to the other markets. As such, I've compensated with a purple wave in an attempt to filter out some of the noise. Bitcoin dictates the broad bearish or bullish trend of the entire crypto market. Within that broad structure, all other cryptos can have their own unique bearish or bullish trends or counter-trends. But they are comparatively much smaller movements within the broader picture. When there are large movements in Bitcoin, it brings everything with it. Add to this the bearish pennant across all cryptos, the steep loss of momentum and volume, and we have a recipe for a deep market-wide correction. The targets I’m providing are for the various Fibonacci retracement and extension levels of corrective ABC Elliott Wave for TenX, or Wave II. The deeper the Bticoin correction, the deeper these levels get activated. Target I: Wave II ≈ Fib. 0.618 x Wave I ($2.14) Target II: Wave C ≈ Fib. 0.618 x Wave A ($1.95)* Target III: Wave II ≈ Fib. 0.764 x Wave I ($1.51) Target IV: Wave II ≈ Fib. 0.854 x Wave I ($1.13) Target V: Wave C ≈ Fib. 1.0 x Wave A ($1.04) Target Range: $1.51-$2.14
PShort
by dalmazio
TenX Ripe for Bullish Movement: Possible BreakoutIt appears we are at or near the end of a completed Elliott correction wave. This correction appears to be quite mature, and we are ripe for the start of the upward movement of the next Elliott Wave. In addition, a very large descending wedge has formed, which is also quite bullish for TenX. Especially given that we have just begun what appears to be a breakout of the descending wedge. One word of caution, we may not be completely finished with the corrective wave, and there is the possibility for further correction down to the Wave 4 retracement area (65), which is also key support. However, I believe attempting to catch the bottom of this correction is a high-risk endeavour, likely to result in missing a good portion of the upward movement.
PLong
by dalmazio
TenX(PAY) positioned for a good bullish entryTenX(PAY) has been massively sold down. It has retraced all of its rally from August 10th, and about 85% of it's total August rally. This was compounded by the panic caused by Bitcoin's recent correction. As long as the correction in BTC is over, it looks likely that TenX will continue to rebound. There are very bullish candle patterns and price/momentum divergence on the H4 and D1 charts. VWMA's are showing a solid uptrend on H1 - D1 charts. I'm looking for an entry around 0.00071 BTC - 0.00068 BTC depending on the price action on the lower time frames. First goal is around 0.0009 BTC, and second goal is near 0.001 BTC if the trend holds up.
Long
by HughGRection
2