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Long

Paxos Standard Enters Bullish Territory

BITTREX:PAXBTC   Paxos Standard / Bitcoin
Paxos 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.
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Comments

There are some pretty serious wicks up nearly where you have set the target. Take profit orders might be the ticket. Wondering how PAXG correlates t BTC?
Reply
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