PAYBTC trade ideas
TenX PAY/BTC Bottom Reached 500%+TenX has reached a bottom. It has tried to make a breakout twice but has reached resistance. It has started to move up positively again and the volume is picking up.
Buy in: 0.00024000 - 0.00032000
Stop-loss: 0.00023000
Targets:
1 - 0.00034232 (this is also where we could see a lot of resistance)
2 - 0.00049500
3 - 0.00073400 (take percentage of profit and reload on dip)
4 - 0.00092700
5 - 0.00112500 (take % of profit)
6 - 0.00139500
7 - 0.00174500
This trade is starting to develop, if it breaks through the first target we should see it run.
Happy trading,
D
TenX getting readyLooks like, because of BTC hopping around, we are on the same bad news (s..t) line, just like Sunday when I first posted this graph.
I think that once BTC stops this circus, Tenx will go up considerably, at least to the trend line.
Than again, there are so many coins ready to pop now, it is difficult to choose (RDD, ARK, ADA...)
Still, I think that TenX is at its bottom and we should see a nice road up :)
The real question is when is BTC going to stop the down trend?
TenX, New UpdatesAs you can see in the chart we have a strong support , this is a good oportunity to buy .
If we are checking the chart on the 1 Day we will see this suppor is very strong .
for the most skeptical players they can enter in to a buy option after the resistance breaking this is a long term position .
I have posted 2 profitable target .
TenXpay VS Bitcoin - Interesting TimingTenX Pay Token found the support at 10500 satoshi and slowly started to move higher. Price broke above the descending channel and 200 Moving Average signaling on a potential correction up or even a trend reversal.
After breaking higher and testing 40k satoshi, PAY/BTC corrected back where it rejected multiple supports.
Upper trendline of the descending channel REJECTED
50% Fibonacci Retracement REJECTED
200 Moving Average REJECTED
Uptrend Trendline REJECTED
It seems like TenXPay is becoming very bullish and should outperform Bitcoin, at least in the short to medium term. First target near 60k satoshi where two Fibonacci retracement levels meet with each other, the 227.2% applied to the last corrective wave down and 76.4% applied to the September high and December low.
Therefore, TenXPay could easily double in value against Bitcoin and if the 60k resistance is broken there will be much more upside potential. Only break below the 10k support could invalidate bullish outlook.
TenX short termThis is a Short time target , we have elliott wave 1,2,3,4 and we are waiting a wave 5 , Fibonacci Extensions will help us to identify the last wave on the 1.272
A couple of hours ago it was the live stream of Julian the TenX founder and the TenX holders seems to be satisfied with the new updates , after the Black Friday when all the Cards was closed .
In my opinion this short term target of 1.272 seems to be extremely realistic .
PAY/BTC (+500-600% Possible earnings)TA:
PAY had a nice breakout from a downtrend at the beginning of december reaching to the highs of 40k satoshis. It has been consolidating after that and is getting ready for another wave. Looking at its past it looks to have kind of the same pattern as the last cycle, according to that its ready for the 3rd wave based on Elliot Wave theory. If it follows that it´s probably going to have a little stop around 80k satoshis and correct itself. After the correction its going to have the 5th wave which might take us up to 150k-170k satoshis.
Fundamentals:
PAY (TenX) is a project focused on debit card development and an actual use of cryptocurrencies as a payment method. One of the great things about this project is that hodling the coin makes you money. For example let`s say someone buys 100 dollars worth of something and the fee is 2 dollars then you get 1/3 of the fee. It also has a good team behind it and is a really great longer term investment + has a lot of news coming up.