alanmasters

Paxos Standard Is Ready To Move 40% or up to 112%

Long
BITTREX:PAXBTC   Paxos Standard / Bitcoin
Paxos Standard (PAXBTC) is now showing multiple bullish signals and a clear bullish breakout is about to take place.

Let's start by looking at the chart patterns and signals.

1) We have the "Cup pattern", which is bullish in nature.
2) We also have the "3 Heads pattern" which is also known as "Inverse Head & Shoulders", also bullish .

For the chart signals...

1) Prices recently conquered EMA10 and now moving above EMA50 (big bold magenta line).

2) Bullish divergence with indicators.

3) Increasing green volume with a bullish MACD .

4) RSI Trending up strong.

All these are pointing up.

If Bitcoin continues to drop, Paxos Standard will continue to move up and vice versa.

This is not financial advice.

Remember to always diversify between exchanges, pairs, and trading types to reduce risks and maximize profits.

Always take your time before jumping into any trade/pair, there are always more and more opportunities developing.

We saw many really strong opportunities just a few months ago...
We can literally forget those since many new opportunities are now showing up.
When one door closes, another one opens up with the contents in it better than before.

Remember to hit LIKE to show your support.

Namaste.
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Comments

how about IF BTC starts moving up after drop?
+1 Reply
alanmasters RyodaBrainless
@RyodaBrainless, Likely we see PAXBTC lower as they move inverse but they can also detach.

As of now, we focus on this chart only and PAXBTC is looking bullish.

Namaste.
+1 Reply
nice work ++++
Reply
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