Forex_Academy
Short

PAY/BTC showing little movement

BITTREX:PAYBTC   TenX Pay Token / Bitcoin
PAYBTC changed little in the last days and seems undecided on the short term. Technically, it could drop towards the SL and towards the 0.00010500 static support after the breakdown below the lower median line ( lml ) of the major ascending pitchfork .
It will drop only if it will take out the 0.00011990 static support. A failure to drop further followed by a valid breakout above the median line (ML) of the descending pitchfork could signal an increase towards the SL1 which represents a crucial resistance.
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