theCrypster -
This current channel (or wedge) started forming around June '22 with a new HH - since this point we've been creating peaks and troughs all in alignment, resulting in numerous tests and rejections over the last 8 or 9 months.
We've just received a Buy signal from CTv2 right on the lower support line which indicates a strong potential for rejection...
PAX Gold could be well on it's way to making between 5-10% gains in the coming days or weeks. We've just broken through some layers of descending resistance quite strongly - combine that with a nice level of support on the underside and a nice Buy signal from our Crypto Tipster v2 indicator and we could be looking at a high on PAXG we haven't seen for the best...
PAXG looks like it's going to ranging within it's current area of consolidation for at least a few weeks, maybe even months - there's still a potential for plenty of smaller trades within this range, but we'd wait for the upward trend line to squeeze this area of consolidation to a point of breaking.
With plenty of support on the underside and not much resistance...
