Hi everyone,
Today I would like to show you a TA on the PAYBTC chart.
There is different patterns on this chart.
Here is the virgin chart, without any analyst :
In the historic, we had a pattern called falling wedge (I will explain what is this pattern in a futur "pattern bible" post).
Since we broke the falling wedge, we made almost +100% profit.
Now we are again in a new falling wedge (the red one)
I am currently waiting for the price to cross the upper resistance to get in. This is for a short term target.
For a long terme target :
We also have a Chuvachov's Fork (in green). If you want to invest in a long term view, I suggest you to wait until we break the second downtrend.
Thanks for reading!
Don't hesitate to comment & upvote if you liked it.