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Trade Recommendation: TenX Pay

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The price breaks 0.000260 resistance level and SMA100. MACD and DMI support upward movement. We have a good buy opportunity. Entry level should be at 0.000280 with stop at 0.000210 level. Profit targets are 0.000360 and 0.000600 resistance levels. The part of trade volume should be left for long run. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: PAYBTC
Buy: 0.000280
Stop: 0.000210
Profit Targets: 0.000360 and 0.000600

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in TenX Pay.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.3 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




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5 Comments

5 Comments

  1. pblackburn88

    January 15, 2018 at 12:22 pm

    I don’t understand how most of these recommendations are failing? I bought into TenxPay / BTC at the correct level of 0.00028 and watched it go up to 0.00029……….What happened to the profits of 0.00036 and 0.0006??!!!! Please explain if you believe this trade is dead in the water or just a slow long term?! Same can be said about your BTC recomendation! Not having a go its just these recommendations don’t appear to be reliable

    • douglash

      January 15, 2018 at 1:39 pm

      I rarely see the Hacked writers reply. I wish they’d be more accessible.

  2. douglash

    January 15, 2018 at 1:44 pm

    I’m sort of shocked that there is still any reason to buy TenX. The purpose of the coin is to create a crypto credit card, but Visa just closed off all their cards. So what is the purpose?

    I’m not really a trader but an investor who looks for good entry and exit points based on TA. I feel like there’s no good price to buy a bad coin. If the trade fails you don’t want to be stuck with a platform you don’t believe in.

  3. Easynow7

    January 15, 2018 at 7:08 pm

    I’m unsubscribing. I honestly do better without these guys. I ignored this one as its ridiculous. The one that just came out for Monaco, there was buying just before the news went out. With the people that trade into the market regardless of levels hacked make a nice profit either way. I bet most of the recs are for low volume crypt and they make an easy 3-4% leveraged bump per e-mail. The fact we pay makes it far more likely we will act on it.

  4. boybianchi

    January 16, 2018 at 11:09 am

    I would love an explanation about the 210 level stop limit. I don’t want to pretend to know any better, but to my novice eyes it seems this is a support level. It might bounce off of this level. Why immediately sell around this position if i have just bought at 280? Maybe i can learn something from you guys. 😉

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Trade Recommendation: Litecoin

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The Litecoin/Bitcoin pair (LTC/BTC) dropped to as low as 0.00758498 on September 12, 2018. At that price level, the market was down by almost 70% from the 2018 peak of 0.02499999.

If you’ve been following our trade recommendations, you’d probably know that we like picking altcoin pairs that have suffered heavy losses. That’s because these pairs often have great bottom picking setups. More importantly, the bottom provides the maximum financial opportunity. We’re seeing that shape up in LTC/BTC.

Technical analysis shows that LTC/BTC is carving a bottom at 0.0082 support. While the pair is still trading inside a descending channel, we’re confident that it will break out of the pattern soon. We have a couple of technical reasons to support our view.

First, we can see multiple supports converging at 0.0082. We have the parabolic support, the uptrend support, and then the support of the descending channel. The convergence tells us to expect significantly increased demand at this level.

In addition, LTC/BTC is oversold on the weekly chart. Add the selling relief from oversold conditions to the surge in demand and we might see a breakout real soon. This is something that we’ve already seen in other altcoins such as XRP/BTC and XMR/BTC.

The strategy is to buy as close to 0.0082 support as possible. As long as the market stays above this level, it has the momentum to ascend to our target of 0.0115 first and then 0.014.

The process may take more than a month.

Daily Chart of Litecoin/Bitcoin on Poloniex

As of this writing, the Litecoin/Bitcoin pair is trading at 0.0082053 on Poloniex.

Summary of Strategy

Buy: As close to 0.0082 as possible.

Target: 0.0115 first and then 0.014.

Stop: 0.0078

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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Recommendations

Trade Recommendation: EOS

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The EOS/Bitcoin pair (EOS/BTC) took out resistance of 0.000785 on August 28, 2018. This triggered the breakout from the large falling wedge on the daily chart. The price movement attracted breakout traders who helped generate a rally to 0.0009544 on September 1.

At that price level, breakout players and bottom fishers started to lock-in gains. The increased supply in the market drove the pair to as low as 0.000752 on September 17. Those who bought the top of the market would have been forced to cut their losses as the pair went below the breakout. The reality, however, is that this pullback is temporary.

Technical analysis shows that the uptrend of EOS/BTC remains intact. This view comes after we saw the pair respecting the uptrend support. Notice how the market just continues to glide up this level. This tells us that bulls will defend the support even if the market is pulling back.

In addition, we can see the 30-day, 60-day, and 90-day moving averages preparing to go below the daily candle. This is an encouraging sign. EOS/BTC launched a parabolic run the last time these three moving averages all went below the daily candle. We’re hoping for the same once this consolidation is over.

The strategy is to buy as close to 0.00082 support as possible. As long as the market stays above the uptrend support, it has the momentum to climb to our target of 0.0012466.

The process may take a month.

Daily Chart of EOS/Bitcoin on Binance

As of this writing, the EOS/Bitcoin pair is trading at 0.0008324 on Binance.

Summary of Strategy

Buy: As close to 0.00082 as possible.

Target: 0.0012466

Stop: 0.00078

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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Trade Recommendation: NEO/Ethereum

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The NEO/Ethereum (NEO/ETH) pair took out resistance of 0.07 on August 31, 2018. This triggered the breakout from the large falling wedge on the daily chart. The price action attracted breakout players and momentum traders who helped push the pair to as high as 0.099934 on September 12.

Although we missed the breakout rally, we’re confident that we’ll be able to buy the dip. After all, NEO/ETH was already trading at extreme overbought territory. It would be foolish to chase a flying altcoin. We’d rather wait for the pullback and see how the market plans to resume its uptrend. It looks like we’re getting the go signal.

Technical analysis shows that NEO/ETH has just taken out resistance of 0.08. This enabled the pair to break out of the bullish pennant on the daily chart. The breakout looks convincing because of serious volume. On October 18, the market breached the resistance with volume that’s over 180% of its average.

In addition, the 30-day, 60-day, and 90-day moving averages are all lining up below the candles. This is an uncommon alignment indicating that the uptrend is strong and healthy.

The strategy is to buy the retest of breakout as close to 0.08 as possible. As long as the market stays above this level, it has all the momentum it needs to rally to our target of 0.115. The process may take a month.

Daily Chart of NEO/Ethereum on Binance

As of this writing, the NEO/ETH pair is trading at 0.081214 on Binance.

Summary of Strategy

Buy: As close to 0.08 as possible.

Target: 0.115

Stop: 0.076

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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