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PAXBTC

Paxos Standard Is Ready To Move 40% or up to 112%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.
PLong
by AlanSantana
3
Paxos Standard Enters Bullish TerritoryPaxos 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.
PLong
by AlanSantana
1
Paxos Standard About To Drop Vs BitcoinPaxos Standard (PAXBTC) looking bearish today versus Bitcoin... This analysis is true only when the daily candle closes and if it does so below EMA300 (0.00014143). Right now prices are moving below EMA10, EMA50, and EMA300, with EMA300 being the strongest of the three EMAs mentioned above. Closing below this level can almost guarantee a test of EMA200/MA200 (0.00012691). Paxos moving lower . Since Paxos Standard and Bitcoin move inverse to each other, this scenario actually happening is a bullish signal for Bitcoin. Conditions for change If the daily candle moves back up and closes above EMA10, the above signals become invalid. --- This is the analysis. We read the chart... but we remain open to all scenarios, the market will decide. Remember that it is not the same to do charting/technical analysis vs trading... This is not a piece of trade advice. Thanks a lot for your continued support. Namaste.
PShort
by AlanSantana
Paxos Standard Looking BearishYesterday I looked at the Paxos Standard (PAXBTC) chart and saw some bearish signals, this told me that Bitcoin (XBTUSD) was about to move up... And so it happened. Right now I am seeing some bearishness on this chart, seeing PAXBTC go down is another signal that Bitcoin can easily go up. Conditions for change If prices move and close above EMA10 (0.00015371), the above signals become invalid and prices can continue higher. Thanks a lot for reading. It's been a wonderful day. Thanks a lot for your continued support. Namaste.
P
by AlanSantana
2
Paxos Standard Bullish | Full Analysis Long-term Targets (400%+)About Paxos Standard Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to 'transact at the speed of the internet'. It aims to meld the stability of the dollar with blockchain technology. Paxos, the company behind PAX, has a charter from the New York State Department of Financial Services, which allows it to offer regulated services in the cryptoasset space. -- Paxos Standard (PAXBTC) is now looking bullish and trading above EMA10, let's have a closer look at this chart. My attention was directed at Paxos two days ago, my eyes just stopped on the pair and I opened up the chart... Right away I started to think that this might go up so I took the time to find out why. Now, this is a stablecoin and Bitcoin is looking bearish, so this is likely to go up... The next day I see a huge green candle and here we are. Now, my suspicions became true and PAXBTC has multiple bullish signals in the making, let's take a look. First, when PAXBTC bottomed, BTCUSD peaked. This can tell us that these pairs are moving inverse to each other. Prices for PAXBTC conquered EMA10 and challenged EMA50. A clear reversal candlestick/signal was printed in the second week of Feb. So now we have Bitcoin aiming lower while Paxos Standard is aiming higher. All the support and resistance levels have been fully and clearly marked on the chart with Fibonacci proportions. The light blue area I call the "decision point". Above this level, we look bullish while below it is bearish. (Note: Prices can drop all the way down to 0.00009473 and we remain bullish if there is a bounce. If prices move and close below 0.00009473 then the above signals become invalid and the chart becomes bearish). With all these signals in place and a strong and beautiful chart, we can say that Paxos vs Bitcoin hit bottom and is getting ready to grow. Remember to always have a plan and if you decide to trade use a stop-loss. Namaste.
PLong
by AlanSantana
13