Are We on the Verge of a Major FXSUSDT Shift? - Frax Share
◳◱ On the 
FXSUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 3.366 | 4.186 | 5.572 and support near 1.98 | 1.414 | 0.028. Entering trades at 3.383 could be strategic, aiming for the next resistance level.
◰◲ General Information:
▣ Name: Frax Share
▣ Rank: 275
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Financial - Stablecoins
▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS.
◰◲ Technical Metrics:
▣ Current Price: 3.383 ₮
▣ 24H Volume: 47,158,096.844 ₮
▣ 24H Change: 34.299%
▣ Weekly Change: 0.52%%
▣ Monthly Change: 29.85%%
▣ Quarterly Change: 71.48%%
◲◰ Pivot Points:
▣ Resistance Level: 3.366 | 4.186 | 5.572
▣ Support Level: 1.98 | 1.414 | 0.028
◱◳ Indicator Recommendations:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators: BUY
◲◰ Sharpe Ratios:
▣ Last 30 Days: 1.04
▣ Last 90 Days: 1.40
▣ Last Year: -0.92
▣ Last 3 Years: -0.04
◲◰ Volatility Analysis:
▣ Last 30 Days: 1.45
▣ Last 90 Days: 1.10
▣ Last Year: 0.96
▣ Last 3 Years: 1.13
◳◰ Market Sentiment:
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depthFXSUSDT analysis available at TradingView TA Page
▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content.
◲ Disclaimer: Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
▣ Explore the Power of Charting with TradingView
Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
FXSUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 3.366 | 4.186 | 5.572 and support near 1.98 | 1.414 | 0.028. Entering trades at 3.383 could be strategic, aiming for the next resistance level.◰◲ General Information:
▣ Name: Frax Share
▣ Rank: 275
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Financial - Stablecoins
▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS.
◰◲ Technical Metrics:
▣ Current Price: 3.383 ₮
▣ 24H Volume: 47,158,096.844 ₮
▣ 24H Change: 34.299%
▣ Weekly Change: 0.52%%
▣ Monthly Change: 29.85%%
▣ Quarterly Change: 71.48%%
◲◰ Pivot Points:
▣ Resistance Level: 3.366 | 4.186 | 5.572
▣ Support Level: 1.98 | 1.414 | 0.028
◱◳ Indicator Recommendations:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators: BUY
◲◰ Sharpe Ratios:
▣ Last 30 Days: 1.04
▣ Last 90 Days: 1.40
▣ Last Year: -0.92
▣ Last 3 Years: -0.04
◲◰ Volatility Analysis:
▣ Last 30 Days: 1.45
▣ Last 90 Days: 1.10
▣ Last Year: 0.96
▣ Last 3 Years: 1.13
◳◰ Market Sentiment:
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth
FXSUSDT analysis available at TradingView TA Page▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content.
◲ Disclaimer: Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
▣ Explore the Power of Charting with TradingView
Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
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.