$PAXG/BTC 3D (#BinanceMargin) Ascending channel on resistance
PaxosGold just printed an Evening star on Higher TF, which is a strong bearish reversal pattern.
A retracement really seems due, let's try again to swing without leverage this time!
Current Price= 0.08750
Sell Entry = 0.08967 - 0.09821
Take Profit= 0.0712 | 0.05744 | 0.04175
Stop Loss= 0.11136
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +22.16% | +38.85% | +55.56%
Possible Loss= -18.54%
Fib. Retracement=0.382 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 5-6 months
Website: paxos.com/paxgold
A retracement really seems due, let's try again to swing without leverage this time!
Current Price= 0.08750
Sell Entry = 0.08967 - 0.09821
Take Profit= 0.0712 | 0.05744 | 0.04175
Stop Loss= 0.11136
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +22.16% | +38.85% | +55.56%
Possible Loss= -18.54%
Fib. Retracement=0.382 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 5-6 months
Website: paxos.com/paxgold
Trade active:
2/3 entries filled
PaxosGold is pushing higher and seems to be rejected on upper-line again, scenario is in play.
PaxosGold is pushing higher and seems to be rejected on upper-line again, scenario is in play.
Trade closed: target reached:
TP1 reached with +22.16% and +1.2R
Paxos Gold reversed against Bitcoin as planned and nicely went for first target, let's hope it continues following the arrow!
Paxos Gold reversed against Bitcoin as planned and nicely went for first target, let's hope it continues following the arrow!
PaxosGold bounced on 50MA and went retesting the resistance, bearish scenario remains intact though.