$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.
PAYBTC trade ideas
tenx pay btc: explosive third wave starting soon?Perfect conditions for a possible impulsive wave 3' to start soon:
1/3= 50%; 3/5= 38%
2'/1'= 62%
2' just went into the price range of the preceding minor 4.
Strong resistance line is touched.
RSI ok, chart pattern ok, down movement running out of fuel.
If 3'/1' is 260%, which is likely regarding the energy of wave 1',
the price target of wave 3' is indicated and might be reached in few weeks.
This price would roughly correspond to 17 $ (actual price 3,5 $).
This setting just seems to good to be true.
Real Picture on PAYPeople are going to try to tell you to sell, because they know that it has value. It's continued to bounce off its trend line at 78000 SATS. I predict it will take off when the app is released for all IOS users, probably end of the month. Up to you what you want to do. The idea that its going to sink to 60000 SATs is just people trying to bully their way to paying less for it.
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.
PAYBTC / TenX - Possible BuyLooking for a new higher high on the daily. Breaking above two consecutive ones, and increase of Volume, there's a good chance to shoot up. I personally like this coin project objectives as it has real world application. Currently not holding any, but looking to add to my portfolio for the longer term. For the short term trade, there is a potential 1:4 risk to reward ratio, and that is a target 1. Above that, expecting a massive run.
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.
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(reposted since my last one was made invisible)
$PAY Tenx starting it next leg up?A bit tricky to chart this rather new coin....not so many history for TA
Anyways: it looks to me that we're at the beginning of next leg up (5th). RSI indicates there is plenty room to the upside on all timeframes.
Price has broken out of the mid term donwtrend, made a correction and broke out again after touching the blue box which I placed there as a target for minimum correction.
Tradigadvice: enter here for target of at least 0,002.
SL below yellow trendline.
If i see changes in patterns, I will update on lower timeframe.
TENX PAY finally turning around?RSI < 60%
7, 21 & 77 averages converging for the 7 & 21 to finally come above the 77
DI 30up vs 14down
TENX appeared to hit its bottom at 0.00078100 around 19th Aug. could the above + current graph mean it's finally finished the correction?
Maybe due a leg up in the next couple of days?
Would love to hear others thoughts...