Market Update: TenX (PAY/BTC) - Where is it heading this week?steemCreated with Sketch.

in cryptocurrency •  7 years ago 

PAY/BTC

  • Has broken above pennant
  • Bullish + looking to retest 107,000 - 110,000

Analysis

Support 1: 86,000
Support 2: 77,000

Resistance 1: 110,000
Resistance 2: 133,000

  • If you do not own any TenX yet, consider accumulating at support levels or on break of resistance. Buying right now in the middle of the range is dangerous.
  • If you are already holding TenX and want to secure your profits, look to offload around 107,000 - 110,000 for a nice short-term trade.
  • If you are holding more long-term, target is 133,000
  • If Resistance 2 breaks, sky is the limit.

Happy Trading!
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Think TenX has much potential but they need to get into the US and Market more in China, those countries in the future will be the biggest for crypto spending not just trading . Great article tho :)

I think the only issue with TenX in the future is that Visa/Mastercard could just produce their own credit cards that can be funded with crypto and basically kill TenX. But in the short-term there's still great opportunities to be had with TenX

I took profit on TenX at 107,000 as per my trading plan