Quick PAY (TenX) Update - Looking to finish wave 2 correction before a leg up? - Short term Technical Analysis March 4th with Bullish and Bearish Scenarios & Possible Entries and Exits

So as you can see from the chart, I feel we're possibly finishing off the end of the wave 2 correction, and I have two possible scenarios mapped out, and I'll map out some entries for you if you're thinking about getting in on a trade with PAY.

*EDIT - It just confirmed my suspicions that we are finished our short term corrective wave 2 and it looks like we're going to test a subwave 3 after a slight correction.

Short term bullish scenario - we find resistance at my upper green box, bounce down to my lower green box and find support there. We go for an 1:1 extension from wave 1 and we see we're hitting the 18000 sats mark.

Possible entry - 16400 and 16600 sats.

Exit targets - 17800 - 18000 sats.

Short term bearish scenario - We break through my lower green box, invalidating my wave count and meaning that we could test 16100 sats as the end of wave C. Remember that we can see Wave C extend 168% of wave A, so we need to watch for that. We break through 16100 we may be heading for 15500.

Possible entry - 15400 - 15500 sats

Exit targets - 18800 sats - 19200 sats

There you have it. Quick analysis to help you guys out if you're thinking of trading PAY.

Peace.

-B