PAYBTC trade ideas
PAY reached old trend linePAY broke out of older downtrend channel (yellow-dot line) and retested old support at the main bullish trend line. I expect now a second retest of the trend line.
MACD indicates a change in movement, currently point upwards.
Stoch. RSI showing downwards.
Cloud is still bearish , the conversion line(blue) is below the base line(yellow). But its looking like a change in movement direction will happen soon.
A clear buy signal would be a perfect bounce from the trend line, conversion line and base line crossing and RIS and MACD showing upwards.
Stop loss should be below 46k Sat.
PAYBTC likely bottomedAfter an ABC 0.00% correction into support identified earlier, PAYBTC 2.81% moved up in an impulsive manner.
PAYBTC 2.81% then moved into the .236 extension of the first major impulsive wave, which supports the proposition that the trend has changed.
If PAYBTC 2.81% can now hold the .5 to .618 retrace of the most recent impulse, we can see a very strong rally.
Good luck everyone and trade with care. :)
TenXAfter hit our target at previous analysis, PAYBTC pullback to 618 fibonacci retracement. This is a good moment to enter buyzone at 0.0057876 - 0.00054377
and aim for 61% ProfitMax at 0.00093541
* careful at resistance level (0.00078777), this level will bring much problem with pullback
However if this coin down, we have support at 0.00041770