Since it's genesis early in 2021, PSG has very clearly following a bullish channel pattern. The two previous times that PSG hit the bottom of the channel, a strong bullish move happened, all the way to the top of the channel.
I'd wager, since PSG is currently trading at the bottom of the channel, that another big move is likely to happen in the near future. Assuming BTC will remain relatively healthy, PSG could start the reversal in the coming days.
Wait for a strong bullish reversal candle, this might signal the start of the move. Reaching the top of the channel could lead to a 300% move.
Happy trading!
I'd wager, since PSG is currently trading at the bottom of the channel, that another big move is likely to happen in the near future. Assuming BTC will remain relatively healthy, PSG could start the reversal in the coming days.
Wait for a strong bullish reversal candle, this might signal the start of the move. Reaching the top of the channel could lead to a 300% move.
Happy trading!
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