PAXGUSDT trade ideas
Gold Recovering Fast Sometimes Bitcoin and Gold are corelated as a "flight-to-safety- assets"
Along bitcoin history these correlations were Strong
This may be the last leg down for Altcoins and bitcoin in this macro cycle
Shake-outs are normal at these moment in time -many macroeconomists predict major volatility incoming in the following months into the stock market and also risk assets
PAXG LONG SETUP hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
$PAXG/USDT 1D (#Bybit) Rising wedge breakdown and retestPaxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support.
⚡️⚡️ #PAXG/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (12.0X)
Amount: 8.6%
Current Price:
2010
Entry Targets:
1) 2023
Take-Profit Targets:
1) 1945
Stop Targets:
1) 2062
Published By: @Zblaba
LSE:PAXG #PAXGUSDT #Paxos #Gold #PaxGold #XAU #PreciousMetal paxos.com
Risk/Reward= 1:2
Expected Profit= +46.3%
Possible Loss= -23.1%
Estimated Gaintime= 3-4 weeks
PAX Gold (PAXG) - May 30hello?
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(PAXGUSDT 1W Chart)
From a mid- to long-term perspective, it needs to rise above 1880 to continue the uptrend.
(1D chart)
If it finds support and rises in the 1845-1857 zone, it is expected to turn into an uptrend in the short and medium term.
There is a possibility of a temporary decline to around 1823.
At this point, you need to check whether it leads to an uptrend accompanied by volume.
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(PAXGBTC 1W chart)
The key is whether it can rise from the bottom section of 0.02667-0.07.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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