$PAAL on the daily time-frame

↗️📉 The price has struggled to break through resistance at $0.4 for a long time, but it has just started forming a technical analysis pattern called 'Ascending Triangle'.

The RSI is also resisting, stopping at 50 points, but it is not making new lows — a positive signal.

The MACD has shown a convergence of moving averages, which is also a bullish indication.

We define the entry block for a long position at 76.40% — exactly 100% retracement ratio according to Fibonacci.

This will be the apex of the formed triangle.

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