PAY/BTC showing little movementPAYBTC changed little in the last days and seems undecided on the short term. Technically, it could drop towards the SL and towards the 0.00010500 static support after the breakdown below the lower median line (lml) of the major ascending pitchfork.
It will drop only if it will take out the 0.00011990 static support. A failure to drop further followed by a valid breakout above the median line (ML) of the descending pitchfork could signal an increase towards the SL1 which represents a crucial resistance.
PAYBTC trade ideas
Blackbox buy signal on TenX from Nordic CryptoOn May 16th 2018 our Blackbox generated a buy signal for TenX on the BTCPAY trading pair. Our algorithm has more than 50% chance of winning with a risk to reward ratio of 1:6 on Bitcoin pairs. Statistically signals have an average loss of -23% and average win of 143% based on 316 historical buy/sell signals since 2013. This is a live signal and we will post the sell signal to close the trade when our algorithm alerts us.
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#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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40% to 80% gain in up trending channel, conservative estimates.This looks like a very solid up trending channel.
Trade accordingly.
TenX has a lot going for it short term.
Some resistance is present.
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