From a technical perspective, PAXG's recent movement is quite interesting. According to Elliott Wave theory, it is currently in Wave 3, which is usually the most powerful phase of the entire upward cycle. Once Wave 3 begins, it often results in the most vigorous gains. Based on wave structure and support and resistance levels, the next key target is likely around $5000. The current market is indeed on the eve of a major breakout—trading volume is accumulating, and technical indicators are also signaling a bullish bias. If this wave truly starts, pay attention to position management, as Wave 3's rise often exceeds expectations.

PAXG-3,62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
NotFinancialAdvicevip
· 12-28 13:52
If the third wave really happens, $5,000 is not a dream. The key is to control your position size well and avoid going all-in at once.
View OriginalReply0
GateUser-00be86fcvip
· 12-28 13:52
If the third wave really takes off, $5,000 is not a dream... but I still want to see if it can break the previous high before I get in.
View OriginalReply0
PumpStrategistvip
· 12-28 13:52
The pattern has formed, and the concentration of chips is interesting, but I've heard this kind of third-wave explosion theory too many times. I'm just worried it will be another story of "volume accumulation," and in the end, the volume doesn't come, but instead there's a big plunge. $5000? First, see if it can break through that previous resistance level before bragging.
View OriginalReply0
LightningAllInHerovip
· 12-28 13:51
If the third wave really starts, $5,000 will definitely cause a stir. Continuing to accumulate volume like this is indeed quite interesting.
View OriginalReply0
LiquidationKingvip
· 12-28 13:48
The third wave is really unstoppable. Let's just wait to be dumped, haha.
View OriginalReply0
GoldDiggerDuckvip
· 12-28 13:43
I'm just waiting to be proven wrong in this third wave, haha
View OriginalReply0
ShitcoinArbitrageurvip
· 12-28 13:33
$5000? Such a big gap, when the third wave starts, you really need to hold your position well.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt