Tenx (PAY): Bullish!! Target $13.08 (270% Profit Potential)
SUMMARY
This is the TenX (PAY)/USD pair and it shows quite a bullish setup. The bottom line is that the handle portion of the correction is nearly complete. The downward wedge has the price near the apex! This is like the closes signal to an end of a correction!
The Elliott waves show a wave 5 target of $13.08 or 270% profit potential. Wave 1 consists of much of the cup portion and wave 2 is what makes the handle; hence the deeper retracement compared to if it was wave 4.
Look how the PAY/BTC pair is behind and lagging the PAY/USD pair. This is because unlike the dollar pair which only has the single variable of changing demand for the coin; the /BTC pair has the change in Bitcoin price itself as a second variable. These compound to having the lagging effect because the demand for the coin must exceed the rate of Bitcoin change.
The PAY/ BTC pair is projected to be carried to 0.00417 BTC. The smaller degree of trend white waves are the subwaves to blue wave 1. Blue wave 2 forms the handle.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Tenx, many bad new around them but still going up! It is nice!
Rewards Pool Farmer Alert
He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.
HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..
Learn more about this sack of monkey spunk here:
https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4
Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.
Post Author, @haejin I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21
Any reason why this coin should be going up, other than trend analysis? What is new and unique about it that warrants such a rise?
TenX has gone down a lot from the previous ATH and they are making cryptocurrency spendable on 40 million VISA accepted locations with a focus on Europe and they royally screwed themselves up getting their cards canceled compared to Monaco which has been 100% compliant and focused in SEA. I wrote about Monaco here.
TenX has the firs mover advantage and Monaco is just plain better and aesthetically cooler. Also Monaco actually uses their Token and their cards are Free. Yep no delivery or annual fees.
God bless you
if the news follows the price move lets hope that the tenX card will be accepted in north America soon.
Is it just me or is this the best moment to get into Verge if you have missed the initial push?
I have rarely seens such an obvious ABCDE triangle.
What do you guys think?
P.S : Sorry for high jacking your comment but following @Haejin's steps I hope more ppl see this opportunity.
Verge is a very slow coin. It took an extra two days for some movement. It wasn't a Kaboeeem, just a sisser.
But @haejin, can they ever present themselves more beautifull?
Yeah, I was calculating figures too when I came upon this one: High Performance Blockchain. I have to say this is really, really an interesting project that is the Asian, but better version of EOS and they already have a contract with NEO.
And here are the figures: EOS has a marketcap of 11.077.954.308. After some research I found out HPB only has 28 miljon coins in circulation at this moment. With a price of $ 10,-- it will have a market cap of only 280 miljon. And look at their volume the past 24 hours: $ 67 miljon dollars! Since they are on the market quet short there won't be a nice chart. Maybe if @haejin takes a look at it, he might also find it very interesting. In my opinion this coin has the potential of becoming a top 100 coin in 2018.
Their whitepaper looks good with very impressive people behind it and a very interesting technique. I know, I know, I know @haejin doesn't look at story's but at least this company has something with a real fundament. A fundament that a lot of coins don't have!
TenX is something I've been interested it. It has a huge potential. I don't like its daily candles in the last 30 days though, they're extremely volatile. I'll wait to see more stable candles and a clearer trending path before I commit to it.
LOVE TENX
Love Tenx, it's nice to have a way to spend crypto coins! thanks.
Mobile payments
I like this coin. Go to the moon!.
I hope they get some partnership soon !
Good info I will check this one out and see if i can add it to my portfolio.