CHART ART: TenX Bottoms and Starts to Rip

Coin Telegraph

GOOD EVENING STEEMIT!

Remember the last Altcoin in focus that we were talking about, TenX?

Well we’ve got some action! Go Mofo, go!!

Click that link and you’ll see I was most concerned about the technicals with what looked like a pretty ugly looking descending channel pattern that was also intersecting with some weird wedge type thing.

I did however ask this:

“So long as it's above that swing high resistance level that's acting as support, is this my reference level?”

A level that has indeed held and acted as a pretty juicy higher time frame support level:

PAY/BTC Hourly

With a higher time frame support level holding and some obvious buying momentum starting to pick up today, it’s time to zoom into the intraday charts and look for some short term resistance turned support to get long off of:

PAY/BTC 15 Minute

Bingo!

Whether you’re a day trader or looking for a value price to accumulate a coin you believe in the fundamentals of, this is the type of area and price action that you want to look for.

Enjoy your Tuesday. I sure am going to after getting this juicy price!

Peace.

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Related @forexbrokr CHART ART Blogs

If chart setups that I've spoken about before are related out then I'll leave them here.

CHART ART: Thursday Altcoin in Focus: TenX - PAY/BTC

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