PAXG/ETH – Momentum Turns Bullish on the Daily ChartThe RMBS Smart Detector – Multi-Factor Momentum System has generated a green mark for PAXG/ETH.
Momentum is building strongly (RMBS =6 and ADX=25), and the trend structure now supports a potential rotation of capital from crypto assets into gold in the coming weeks.
The 1.0 zone remains a critical weekly support, aligning with both momentum and structural indicators.
If this level holds, a medium-term bullish continuation toward higher levels can be expected.
⚠️ This post is for educational purposes only and should not be considered financial advice.
What traders are saying
#PAXGETH - PAX Gold Outperforming #Ethereum?We could quite easily be seeing gains of around 20% with #PAXGOLD / #ETH as there appears to be one final sell-off with most crypto's in a final bull trap before real gains begin.
PAXG seems to not trend like the rest recently and so whilst most coins were gaining, we netted a handsome Short profit with #PAXG, and now it looks like #PAXGOLD could outperform #ETHEREUM for the next few weeks.
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theCrypster
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#PAXGETH - Several Attempts at Breaking Out, Rejections!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 and the price making it's way back toward the upper half of this wedge. There should at least 20% in this long trade ✌️
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