$PAXG/BTC 3h (Binance Spot) Descending triangle on support
Updated
Pax Gold could outperform Bitcoin in the near future.
Current Price= 0.04768
Buy Entry= 0.4776 - 0.04605
Take Profit= 0.05144 | 0.05466 | 0.05706
Stop Loss= 0.04264
Risk/Reward= 1:1.1 | 1:1.86 | 1:2.43
Expected Profit= +9.82% | +16.70% | +21.82%
Possible Loss= -8.97%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 180h
Current Price= 0.04768
Buy Entry= 0.4776 - 0.04605
Take Profit= 0.05144 | 0.05466 | 0.05706
Stop Loss= 0.04264
Risk/Reward= 1:1.1 | 1:1.86 | 1:2.43
Expected Profit= +9.82% | +16.70% | +21.82%
Possible Loss= -8.97%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 180h
Trade closed: target reached
Last target more than reached with +21.82% (1x) and 2.43RPaxGold did outperform Bitcoin as I was thinking, triangle broke-out nicely.
I would like to see a 100EMA retest (~0.05353) or even a full pull-back to trend-line before re-entering!
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