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Paxos Standard Enters Bullish Territory

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Paxos Standard (PAXBTC), which we use as a reverse indicator for Bitcoin (BTCUSD), is now looking bullish.

First, we have the long wick on June 14.
This signals the first attempt to change the trend.

We have prices moving above EMA50, while EMA10 has been conquered for a few days.

The MACD is now on the bullish zone and the RSI above 50.

PAXBTC moves inverse to BTCUSD.
With Bitcoin bearish, Paxos Standard now looks bullish.

This is not financial advice.

Thanks a lot for reading.

Namaste.
MasterAnanda
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alanmastersaltcoinsBeyond Technical AnalysisbinancebittrexcryptoCryptocurrencyTechnical IndicatorsPAXPAXBTCpaxosstandardTrend Analysis
MasterAnanda
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4

🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.