TENX - May See Fireworks If This Fractal RepeatsHere's what I'm looking at on TenX's daily chart:
1) Massive falling wedge near completion
2) Repeating fractal whose next move would be up
3) Price is on support - Look at what happens when the price has hit support
4) Near bullish crossover on the daily MACD with a distinct flat bottom reversal pattern that occurred in the previous fractal
Keep this on your radar. If the price starts moving, it could move quickly!
PAYETH
There is a trading opportunity to buy in PAYETHTechnical analysis:
. TenXPayToken/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.001900 to 0.001689). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001900)
Ending of entry zone (0.001689)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.002238
TP2= @ 0.002464
TP3= @ 0.002791
TP4= @ 0.003047
TP5= @ 0.003347
TP6= @ 0.004062
TP7= @ 0.004775
TP8= @ 0.005793
TP9= @ 0.007087
TP10= Free
A trading opportunity to buy in PAYETHTechnical analysis:
. TENXPAYTOKEN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.001900 to 0.001689). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001900)
Ending of entry zone (0.001689)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.002201
TP2= @ 0.002464
TP3= @ 0.002791
TP4= @ 0.003047
TP5= @ 0.003347
TP6= @ 0.004062
TP7= @ 0.004775
TP8= @ 0.005793
TP9= @ 0.007087
TP10= Free
A trading opportunity to buy in PAYETHTechnical analysis:
. TENXPAYTOKEN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.001900 to 0.001689). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001900)
Ending of entry zone (0.001689)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.002201
TP2= @ 0.002464
TP3= @ 0.002791
TP4= @ 0.003047
TP5= @ 0.003347
TP6= @ 0.004062
TP7= @ 0.004775
TP8= @ 0.005793
TP9= @ 0.007087
TP10= Free
PAY - TenX Wave 5/Inv. Head and Shoulders could be a doozy!Hey gang! Taking a look at the TenX 4-hour chart, you can see that it has completed Elliott Waves 1-3 with wave 4 approaching the .786 Fib retracement mark. The Fib retracement after waves 1-2 just touched the .786 mark before exploding into wave 3. I think there's a good chance that happens again. There is also an evident inverse head and shoulders pattern as you can see the left shoulder and head completed. This wave 4 is the start of the right shoulder and wave 5 should complete it. This could be a huge wave 5 so get ready!
PAYETH Bittrex 10Sep2017-falling wedge (?)-waiting to buyWith looking at 4H PAYETH chart there looks to be a falling wedge pattern. If price breaks up and 1 complete candle confirms + RSI breaks lower high trendline we may have buying opportunity. MACD should confirm as well. I was hoping to see an Elliot Wave 4 completion however as price broke below 0.0095 levels hard rule of wave 4 not to overlap with wave 1 was broken. Based on the above in case of a break-out upwards and with confirmations we have buying opportunity and so I am planning to use some of my ETH deposit for buying PAY. TP levels canbe partially at 0.0113 fib 0.618 level of previus upward movement and at 0.0141 fib 0.382 level and at 0.0189 ATH. Signs at each level should still confirm ’bullish’ trend. Swing trade in the short term can be considered at each resistance to cumulate PAY token.
In case price breaks downtrend line and/or 0.0069 support level pattern fails and we may need to look for other buy opportunities. Next support is at 0.0041 levels.
What do you think? Please note – these are my personal plan and thoughts only and so please trade carefully!