#PAXGETH - Several Attempts at Breaking Out, Rejections!theCrypster -
This current channel (or wedge) started forming around June '22 with a new HH - since this point we've been creating peaks and troughs all in alignment, resulting in numerous tests and rejections over the last 8 or 9 months.
We've just received a Buy signal from CTv2 right on the lower support line which indicates a strong potential for rejection and the price making it's way back toward the upper half of this wedge. There should at least 20% in this long trade ✌️
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Paxglong
PAXGEUR - Broken through support with Strong Upward MovePAX Gold could be well on it's way to making between 5-10% gains in the coming days or weeks. We've just broken through some layers of descending resistance quite strongly - combine that with a nice level of support on the underside and a nice Buy signal from our Crypto Tipster v2 indicator and we could be looking at a high on PAXG we haven't seen for the best part of a year!
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PAXGBTC 'D' - Ranging market followed by a huge 50% RisePAXG looks like it's going to ranging within it's current area of consolidation for at least a few weeks, maybe even months - there's still a potential for plenty of smaller trades within this range, but we'd wait for the upward trend line to squeeze this area of consolidation to a point of breaking.
With plenty of support on the underside and not much resistance above, combined with an upward facing trend line in which the price has bounced off numerous times historically, it looks to us that when the price does break, it'll break upward - with the next level of strong resistance being a huge 50% above the current trading price.
Let's wait a couple of months and see what happens!
What do you guys think?