mumbojam

($PAY) TenX Falling Wedge Breakout

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mumbojam 已更新   
BITTREX:PAYBTC   TenX Pay Token / Bitcoin
If you bought in around the support zone marked 0.00081978 as posted in premium you are already up on PAY. We can see the falling wedge on the bearish trend through looking at the moving averages. Bollinger bands begin to compress about 1/4 of the way down the wedge. A falling wedge is also an indicator for upcoming bullishness which we see during the breakout. The buy zone was marked by using the support from the past 10 days while using the ascending uptrend line from the past 20 days. As always we want to sell on the way up. During a strong falling wedge, our sell target is typically the length of the original opening of the wedge in this case 0.00150673. If we bought at the marked entry point we would set our stop-loss at the latest swing low (0.00078011). Using Fibonacci Retracement lines we can also get a general idea of retracement areas to expect a pullback on the uptrend.

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(reposted since my last one was made invisible)
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BTC has been affecting this a bit, still holding though. As I bought the dip.
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