Long
Frax Share (FXS)
The Frax Protocol is the first fractional-algorithmic stablecoin system. Its FXS governance token analysis is straightforward: an impulse wave followed by corrective wave which seems ended at 0.618 Fibonacci retracement. Then price consolidated in a box for a long time and finally breaks upward. Let's see if FXS can breaks the major downtrend line.
Note
So, FXS is still trying to break the major downtrend line. Let's see what happens.
Note
FXS broke the major downtrend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.