PAYBTC trade ideas
PAY, Elliot wave, Good RSIWhen looking at a higher timeframe it looks like we have a nice elliot formation going, Strong trendline and soon to be on top of the 6h cloud.
If we fall down to 600 i might sell, not sure.
From what i can see, i really like were it's going but i will keep tight stop/loss.
RSI crossing indicating we are still going up.
TenX Bullish Trend Wave 2 never retraces more than 100% of wave 1. (done)
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
(Incoming) Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
Wave 4 Should not pass 0.00046789 for the proper Elliot Wave to take place
In areas where the Candles broke the projection, you will notice overselling or overbuying.