FRAX Share sitting on bear basement .886 retracement zone
In a good spot for a recovery play
This is a linear/regular chart
Which I don't often show
but what mainstream TA guys look at
FRAX is DEFI
DEFI is not sexy right now
But it is a key part of the Ethereum use case as that chain has more TVL than any other
and real world assets are most likely to be stored on ETH
stablecoins. tokenised treasuries, tokensied gold/silver, real estate etc.
Where does that leave FRAX pick your retracement level .. they surely will hit
New high's are possible but I have a feeling it would require ETH above 8,000
This is a linear/regular chart
Which I don't often show
but what mainstream TA guys look at
FRAX is DEFI
DEFI is not sexy right now
But it is a key part of the Ethereum use case as that chain has more TVL than any other
and real world assets are most likely to be stored on ETH
stablecoins. tokenised treasuries, tokensied gold/silver, real estate etc.
Where does that leave FRAX pick your retracement level .. they surely will hit
New high's are possible but I have a feeling it would require ETH above 8,000
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