PAY Pennants pattern
Updated
As requested here is my re-evaluation of PAY.
for 30m it looks like we have a nice pennats pattern with the first candle close to breaking top of resistance.
The 1D RSI still looks strong wich make me think we still have one more push.
If we break up from the pennant we will have another resistance level around 1600. So that will be my first sell target, Once at 1600 and if RSI still looks strong i think we can go past 1900 and find some resistance at 2000.
Breaking down from the pennant and we most likely go down to lower support around 1000. If we bounce on the 1000 - 1100 that will be my BUY signal.
Invest at own risk :)
for 30m it looks like we have a nice pennats pattern with the first candle close to breaking top of resistance.
The 1D RSI still looks strong wich make me think we still have one more push.
If we break up from the pennant we will have another resistance level around 1600. So that will be my first sell target, Once at 1600 and if RSI still looks strong i think we can go past 1900 and find some resistance at 2000.
Breaking down from the pennant and we most likely go down to lower support around 1000. If we bounce on the 1000 - 1100 that will be my BUY signal.
Invest at own risk :)
Note
We didn't fall all the way down to buyin zone wich is nice for you who didn't panic out.Looks like it's still on local trend.
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