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PAX

USDT warn! only the tokens on the PoS network will be redeemableGrayscale warning ahead of the Ethereum Merge: “issuers like Tether and CirclePay have stated that post-fork, only the tokens on the PoS (proof of stake) network will be redeemable”, so if the PoS-based Ethereum fork goes “live with a parallel DeFi ecosystem, collateralized with unredeemable stablecoins, users and smart contracts may attempt to liquidate positions on the new chain, contributing to sell pressure on the new token.” The worst case scenario of the Merge is the collapse of Ethereum based stablecoins, so be careful with those.
BITTREX:TUSDUSDShort
by BuySellMarketMaker
Return to long term bullish momentumPAX Global Tech (Ticker: 327) is a HK-based producer of cashless payment hardware similar to Ingenico, while being significantly more undervalued than the latter. long term target for the stock is 10-15 HKD. Since the huge breakout in Aug the stock followed the exact same pattern 3 times already: - 2-4 days breakout on higher volume - backtesting of breakout area - next leg up along long term trend line In the next few days, I expect PAX to consolidate at a price level of ~4.7 HKD - in a similar fashion; Once connected to the long term trend (blue line) I expect a huge leap upwards within 2-5 days and a following consolidation and backtest slightly above previous breakout levels. The short term target for the 1st week of Nov is in the area around the intraday high in Aug (5.4 HKD), and I'll give it a >50% chance that this will be even exceeded during the run up. So we're looking at a +15-20% gain within 2-3 weeks. Long term I am bullish on the stock anyway, so every level here is a clear buy. the company sports a PE of ~6 while earning double digit ROICs, having a healthy growth path in emerging markets and started paying increasing dividends and uying back their own shares.
HKEX:327Long
by Rosco66
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
HOT: NO LAMBO's for RIPPLE XRP HOLDERLooks like XRP/RIPPLE don't care about private investors and community. (1) Splitted in years 2017-2019 * Orange line are years * violet lines are when RSI and STOCH RSI are bottomed and pump started (5) (6) (2) STOCH RSI must touch near to bottom 0-3 and stay here up to 1-5weeks (3) RSI must be between 35 -42 range (4) Volume candles from Q2-2017 to Q1 2018 shows us * most xrp coins are sold with a ROI up to 250 around! From (5) to (6) are 160 days. Show's ripple as company trying to push price upside and let market (maker) do the rest. From last Q1 2019 report, we can calculate average price from direct sales for each XRP was 0.143$ around..60% discount and they are not locked. They sold much more on market =for each xrp 0.28-0.4$ range. Total average price in Q1 income = 0.229$ That's targeted bottom for XRP 0.23-0.255$! (7) Next action for ripple is expected for end of second week in july 2019 * price range 0.83-0.94$ End of year 1.1$-1.2$ possible From private investors side is not much interest for investing in ripple, xrp. Only institutional investors can safe ripple and XRP token from disaster. That would explain why SBI Holding and high level member are on boarded in last quarter. Maybe Twitter, Facebook, Google, Apple partnership on pipeline. Tipbot and few other WhatsApp payment methods would be good for users. XRP can't be decoupled from XRP-BTC pairing since BTC is bullish. Selling pressure from Algo-Bot's are to much. Early tether news pushing BTC-USDT price down, that hurts also XRP price in btc pairing. I would wait for 0.26-0.275$ range, before putting new money on xrp. Twitter and Telegram is fully with people ready to dump there bags for 0.4$ around. That make sense, while there is first resistance area. Next one is at 0.53$ Worst thing, with any shitcoin you can do easier x2 or more in same time, don't invest more than 10% from your portfolio on it! SET tight stop loss on usdt pairing. POLONIEX:XRPUSDT Give me THUMP UP please if you like what you see!
by hypercraft
1