PAXG/USDT: Digital Gold Roars, Here is the Data Proof! 🦁📈
Chart $PAXG (Gold-backed Crypto) is a perfect example of why technical analysis is essential.
See the image I've attached. 👇
Many fear when the price corrects from the peak of 5.106. But the data tells a different story.
The technical lines I created show a very healthy Bullish Continuation structure:
Strong Support: The price is strongly held above the cluster of Moving Averages (Colorful lines). This is a concrete floor for the price.
Momentum: The upward trend (green line sloping upwards) is still intact. As long as the price is above this line, the Short options surrender.
Logical Target: The green arrow indicates the potential retest back to the supply area above.
Trading is not about guessing the future, but reacting to the current data. And the current PAXG data screams: UPTREND.
Ready to harvest in digital gold? 💰
