$PAY Had a very parabolic growth, of over 100%. It is now doing a cup pattern which would make a continuation of the trend. Expecting about 30% average from the breakout of cup and handle.
When looking at a higher timeframe it looks like we have a nice elliot formation going, Strong trendline and soon to be on top of the 6h cloud.
If we fall down to 600 i might sell, not sure.
From what i can see, i really like were it's going but i will keep tight stop/loss.
RSI crossing indicating we are still going up.
Wave 2 never retraces more than 100% of wave 1. (done)
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
(Incoming) Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
Wave 4 Should not pass 0.00046789 for the proper Elliot Wave to take place
In areas where the...
Showing bearish signal on oscillator
We wait for confirmation of uptrend1
PAY is good to invest but we want to get best entry possible.
Will update post when targets are hit
If reach above resistance level we can take trade once momentum is confirmed
