PAYBTC
#PAYBTC #cryptocurrency right at support for a swing entryas shown. Risk:Reward nearly 1:3 for the near-term swing play but much greater for a longer-term hold. They had run into some fundamental issues over the past 6 months if I remember correctly and likely the reason for the general weakness here. Many of these tokens trying to bring cryptos to card-based payment mechanisms - eventually, some of them will succeed in grabbing increasing market share and will be an important step for making crypto transactions as commonplace as credit cards. I haven't done any deep dive with respect to the difference between the tokens, but this post is simply the obvious R/R levels here for a swing.
PAY Bottoming out??BK gave a buy-in point at .000152, and told us anything under .00015 is free money. We are at .000147 and still in freefall for now, so I think we are looking very strong for a buy-in right now and even in an hour or 2, but I feel like it might hit some resistance soon so I feel like we are close to the bottom.
TenX (PAY) About to Break Out? 15-20% Quick Profit Potential!Hello and welcome to TenX (PAY) vs Bitcoin
PAY broke out of its down trend back on 01/04/2018. We have since been in an uptrend, however we haven’t seen the gains that a lot of other Altcoins have enjoyed. This could be about to change…
Why does this means things are about to change? Good question… well as you can see, we have formed a symmetrical triangle (technically as this is a pattern less than a few weeks old it is actually a pennant hence I have added the height of the flag pole in blue). The good thing about symmetrical triangles is that they usually form during a trend as a continuation pattern (though in some cases they do denote a trend reversal). Given we are in an uptrend then it is likely we will see a breakout to the upside. When we also consider the general bullish bias of the overall market, then this adds to our case.
Ideally we would have liked to have seen a breakout of the top resistance line within the first ½ to ¾ of the pattern which we haven’t seen. Given we are nearing the apex a break this far through can turn out to be insignificant. So this is something to watch out for!
I have added in an area between the red dashed lines which represent heavy resistance. This also coincides with the height of the flag pole and thus our target (pink line) is just below this representing a 15-20% profit depending on where you get in and out on a confirmed breakout with volume.
Looking at our moving averages the 26 EMA crossed over the 12 EMA giving us a bullish bias back on 14th of April. RSI and MACD are both where you would expect them to be given we are coming to a decision point. Aroon Up/Down was shifting towards a bearish bias but this has started to fade over the last day or two.
How to trade this… well what we need to see is a break to the upside of the symmetrical triangle with some decent volume. If this occurs then we will likely reach our target (pink line) before retracing from the resistance (break outs from symmetrical triangles will often retrace back to the level of breakout to test it as support before continuing in their trend direction). If this breakout and retrace do occur, then it could also be crucial in the formation of a hypothetical ascending channel which I have added in as the orange dashed lines.
One final note: It is important to ensure we have volume on the breakout; as like I mentioned earlier - a breakout this close to the apex can often be insignificant. That being said even if it is insignificant we will still be going up somewhat; and it is worth noting that we have quite a lot of support under us (we have the 50 EMA which is not pictured right under us) so I can’t see a break to the down side occurring.
Trade safe!
Cheers
TenX (PAY) Coin Bull Train StartedBITTREX:PAYBTC is dumped from past few months,
And finally reach the bottom support level at price 11k satoshi,
Bounce back from the support level & moves towards Up..
Now at 17k Satoshi.
Looks like forming a Cup,
If it forming a Cup then, the price hit above the 30k Satoshi ..
In past months it was dumping hard, now we can see a rising of the price of this coin.
RSI stays at a trend line , it was also a bullish signal.
Strong Support level at 11K Satoahi..
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TENX PAY TOKEN: 24 HOURS = 20.92% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 18th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 27.13% PROFIT!!!
The increase in price may also be explained by positive developments including:
1. Inclusion of TenX into Blockfolio Cryptocurrency Tracking App
2. Addition of support for TenX Pay Token in BitGo multisignature wallet
2. Announcement of partnership with Litecoin Foundation to produce co-branded TENX debit card
Analysis using the Crypto Bull/Bear Signal suggests the move may be in line with an increase in buying activity as a result of this news.
TenX (PAY) Updated Targets (223% Earnings Potential)When the Altcoins market started to retrace and we fully entered the bear market, many of our trades went on hold. I promised that each time a coin received action, I would update my past trade with new targets and relevant information for the present.
Here you have the updated targets for TenX (PAY). You can always visit the old trades if you want more details on this coin.
You can use these targets to sell for profits when the time comes.
TenX Pay Token (PAY) Targets
SHORT TERM
(1) 0.000199
(2) 0.000224
MID TERM
(1) 0.000259
(2) 0.000292
(3) 0.000339
(4) 0.000398
(5) 0.000571
LONG TERM
These targets are based on the all time high back from August 2017. These are really long term targets, TenX Pay will need a huge push in order to challenge these, yet, here you have them for reference and just in case, we all know how GREAT / AWESOME / PROFITABLE & CRAZY the cryptocurrency market can be...
(1) 0.000502
(2) 0.000739
(3) 0.000931
(4) 0.001122
(5) 0.001395
(6) 0.001743 (All time high)
(7) 0.002746 (New all time high)
TenX news
Litecoin and TenX Pay Token: twitter.com
TenX Pay updates on Litecoin & Blockfolio: blog.tenx.tech
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PAY announces Partnership with the Litecoin Foundation!Ten X, creators of PAY token, have created a debit card usable all over the world with no foreign transaction fees. Previously partnered with Visa, the companies debit cards have been unavailable and unusable since January when the contract with debit card creators, Wavecrest, was terminated. Things about the cards were quiet until March 23rd when silence about the mysterious end to their debit card platform was broken. Ten X announced to its eager community that they’d have answers to their questions in the next few weeks. March 27th the team posted a follow up ‘Ask Me Anything’ hosted by Reddit where they finally discussed partnering with the Litecoin Foundation and April 11th the cat was out of the bag with Ten X announcing plans to release a “co-branded” card. Litepay TenX.
All of this uncertainty has caused quite a bit of turbulence for Ten X’s token PAY over the last few months. Looking at the charts, you can see the greatest decrease in volume the token had seen to date happened during this time and price action saw a 55% drop. While 55% might seem like a significant dip in price action, this was actually the smallest of PAY token’s 3 major corrections to date with the token holding up reasonably well, despite the communities bad news, than a number of other tokens in the market.
PAY, complete history support, resistance, and fib. No trends line on the Daily chart. But pay has some mad news coming out for a while. Get in or lose out.
04/13 bay credit card coming
04/20 staking calucularor coming
Bay client v1.32 coming on the the 30th of April
Bay Air drop May 1st. Heavy news! People will buy and hold for this news. Price will go up.
Bay dynamic peg release on June 30th
Bay programmable contracts on 30 june.
Bay Api relase on 30th of june.
Coin rank #167
TenX Pay - Buy Zone - Volume Increased + Huge Profits PotentialTenX Pay Token (PAY) - Buy Zone - Low Risk + Huge Profits Potential
Order Book & Volume Increased
You Can Buy Now form 13500 - 15000
Hold for The Targets
Short Term Potential Targets
1 = 18700 - 22400
2 = 26150 - 29100
Mid Term Potential Targets
1 = 29400 - 33110
2 = 35250 - 39840
Long Term Potential Targets
1 = 47000 - 55000
2 = 60000 - 72000
Good Luck
TenX Pay / USD Macro AnalysisTechnical Analysis:
- PAY/USD seems like a Wyckoff.
- Volume below the 2 big spikes to 5$ would also indicate an Wyckoff Accumulation.
- MACD bands crossing at the daily upwards.
- Volume still missing and still below POC 0.00% and monthly Pivot .
- Target for this rally could be 4.66$ (yearly Pivot ) or maybe we wick through to 6.9$ (100% Fib level).
- New cards (transaction volume ) will also increase the value of PAY Token
Upcoming News:
- Physical cards should come mid May Q2
- Commitment Network Q2
- Maybe Cryptobank in Q2 (depends on their bank license)
VHTChannel - PAY/BTC - Bittrex - March 14Maybe PAY already find out the strong resistance level at 14000-14500sts. And at this bottom, PAY can be rebound strong like as the end of December 2017.
Buyzone : 13500-14500
Target 1 : 17000
Target 2 : 22000
Target 3 : 25000
Target 4 : 30000
Target 5 : 38000
Stoploss : 10800