PAX Gold / BitcoinUpdated PAXGXBT stands at a crossroads
This morning at about 01:00 EDT, PAXGXBT made a reasonable jump from about 0.232674 XBT to 0.25 XBT before tapering forward to a point (at which we now find ourselves). While the majority of the crypto-sphere is down this morning (with a few exceptions like KRAKEN:WAVESXBT) the downward trend of XBTUSD has been known to liberate altcoins to go higher. That may just be the case with PAXGXBT within the next couple hours.
PAXGXBT made a reasonable jump from about 0.232674 XBT to 0.25 XBT before tapering forward to a point (at which we now find ourselves). While the majority of the crypto-sphere is down this morning (with a few exceptions like KRAKEN:WAVESXBT) the downward trend of XBTUSD has been known to liberate altcoins to go higher. That may just be the case with PAXGXBT within the next couple hours. Trade active
It now appears that PAXGXBT has made a bullish breakout.Note
Sell target set at 0.2599Note
Obviously, in the world of crypto, things can turn around quickly so it's always important to have a fixed stop loss in place.Stop loss: 0.2415 XBT
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