PAYBTC trade ideas
TenX PayAt 0.00023 BTC, the price rebounded and formed strong support, which is the basis for building Fibonacci levels.
I noticed a certain increase in trading volume, as well as a bullish divergence between the price and the MACD and Momentum oscillators.
Since the last candle was bearish, I recommend buying from 0.0003, and also using a stop loss and a trailing stop.
But 0.0003
target 0.00045 and 0.00065
stop-loss 0.0002
PAY/BTC- requested chartSome things I like and don't like about this setup.
Pros
- Elliot wave correction ABC
- Broken short term trend line with big green candle
- recently bounced off lower boundary line of downtrend and price channel pattern
- Bollinger band is middle line to lower boundary line
- Bullish divergence on MACD
Cons
- DOWNTREND- don't ever trade against the trend
- you could argue the price channel is really a boardening triangle which is BEARish
- the breakout green candle was low on volume- which will typically fail or retrace
- even thou broke short downtrend line- still need to break upper price channel/triangle
- has broken below historic support and resistance
- full fibonnaci retracement plus some
The number 1 goal is to not lose money- profits will take care of themselves. That being said everyone has different levels of risk they are comfortable with. Set a proper stop loss. I am LONG in cryptoion general and think this is a good project but, I personally would WAIT and see what happens as BTC pulls back and how it will effect this coin. Good luck
$PAY $TENX broke out and consolidating$PAY broke out to the upside and is currently forming a consolidation pattern.
A lot of buzz going around about pumps in combination with lots of news coming out in the coming weeks.
We could be at the start of a big upmove, targets on chart are premature. Can better be determined once we see a clear trend forming.
Trading advice: open a small position here and add when its starting to fly (which I expect).
Holy Bullish Crab! New Fibonacci-Level to add? PAYBTC
What the Crab!? Look at that CD-Leg while still on the XA 1.618.
Do we have to add Fibonacci 6ish Levels in $crypto to Crab Pattern?
This is fun to watch. Am i mad? No, im new. This is my first public idea here in Tradingview. It took me 4 years.
TenX Pay bullish patternSince my last Post happened quit a lot, Bitcoin reach a new peak and PAY shows a wonderful pattern. Well, now we clearly see a head shoulder pattern which is actually an indicator for a trend reversal. Of course, it is not 100% save, but in my opinion it is the start of a bullish trend. At the moment it is searching for the next support to finally breach out.
MACD signals also support the pattern.
Enjoy the ride
TenX Pay Up?On a mid range scale we clearly see an uptrend which hopefully means a return from its long fall. But this coin is kinda difficult, even with a great product and team behind it, this coin won't really go up. That's why I see two(3) options how this coin can go in the next few days; First: We follow the green uptrend line, in that case it's on to you to decide how high the coin will jump, but I think if it easily passes resistance line at 0.00033 and 0.00034, it can make a big jump forward. Second and due to history most probable, we fall again under the uptrend line in which case the trend would correct itself. The Worst case, it falls under support line at 0.00029 and we will see the coin continue falling.
I would like to hear what you guys think about it!
$PAY | Pay me! ($crypto #paybtc)This is definitely a coin with longterm potential. It has currently experienced two Elliot impulse waves and has just started its third and final one. On top of that, in that move it's gonna complete the inverted Head & Shoulders providing it with sufficient power to reach the target around 37.5k sats. After that we should have a ABC-correction.