As you can see in this chart for the pair of PAXG/BTC it has been declining since sep2020 , and Bitcoin was succeed to outshine the paxGOLD , after reaching its lowest level in the 12 April 2021 it has attempted to rise and break up the descending trend line, that wasn't successful in 1st attempt and went down to its previous low price and demand zone for the second time
but after that it rised again and was be able to break up that tend line , and raised to pivot area , but it returned back from this strong resistance zone .
thus now I think it can go down to its lowest level once again that means btc probably have a short rally at the same time for a few months , and paxgold/btc is likely to form a triple bottom pattern at the end and can causes it to rise compared to bitcoin in this case .
🛑resistance level: 0.17 -0.19 -
🆚pivot zone: 0.052-0.058
❇️support levels: 0.034 - 0.042 //// 0.026-0.03
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
but after that it rised again and was be able to break up that tend line , and raised to pivot area , but it returned back from this strong resistance zone .
thus now I think it can go down to its lowest level once again that means btc probably have a short rally at the same time for a few months , and paxgold/btc is likely to form a triple bottom pattern at the end and can causes it to rise compared to bitcoin in this case .
🛑resistance level: 0.17 -0.19 -
🆚pivot zone: 0.052-0.058
❇️support levels: 0.034 - 0.042 //// 0.026-0.03
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
