PAXGBTC 'D' - Ranging market followed by a huge 50% Rise
PAXG 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?
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?
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