#FXS/USDT#FXS
The price is moving in an ascending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.80
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.11
First target 2.50
Second target 2.82
Third target 3.21
FXSBTC
#FXS (SPOT) entry range( 1.600- 2.050) T.(6.440) SL(1.501)entry range ( 1.600- 2.050)
Target1 (2.870) - Target2 (3.440)- Target3 (5.190)- Target4 (6.440)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (1.501)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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FXS Expanding T-Pattern Analysis: Potential Breakout and Grow?!🍣📈This analysis examines the expanding triangle pattern formation and assesses the potential for a breakout and subsequent price growth.
📈Expanding Triangle Pattern:
An expanding triangle pattern has been identified, characterized by rising highs and falling lows.
This pattern indicates a buildup of market indecision and uncertainty.
📉🔺Breakout and Resistance Levels:
A breakout above the daily resistance level could signal a bullish trend reversal and potential for further price appreciation.
The next daily resistance level would then become the target for the upward movement.
📊🔺RSI Confirmation and Volume:
A break above the RSI trendline would provide additional confirmation of the bullish breakout.
Increasing trading volume alongside the breakout would indicate strong momentum and support the upward trend.
⛔Important Considerations:
False breakouts are a possibility with expanding triangle patterns, and traders should exercise caution.
🔽Additional technical indicators and market sentiment analysis can help validate the breakout and provide trade entry and exit signals.
🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.🚫
FXS has broken above the channel bandFXS has broken above the channel band, it will continue to go up
🔵Entry Zone 9.100 - 9.583
🔴SL 7.998
🟢TP1 10.680
🟢TP2 11.868
🟢TP3 15.280
🟢TP4 17.298
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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FXS is a rocketThe FXS structure is now clearer and we have more data on the chart.
It seems that we are in wave D of a big pattern. This is a bullish wave.
To be more precise, we are now at the end of wave b of D.
We should soon enter wave c of D, which is a good bullish wave.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS can potentially go up after rejection from the support zoneFXS can potentially go up after rejection from the support zone. There is also a possibility of consolidation at the support zone before it goes up.
🔵Entry Zone 8.524 - 8.210
🔴SL 7.636
🟢TP1 8.921
🟢TP2 9.826
🟢TP3 11.849
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
A bear attack on FXS will beginAccording to the wave count of the FXS chart, we have two scenarios that we must say right here that both scenarios involve drops.
The first scenario is to face a triangle and the second scenario is to face a symmetrical or diametrical one.
Whichever of these scenarios is going on, the red range is the range where we are looking for sell/short positions.
We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS will have a lot of volatilityIn the supply zone, our hypothetical diametric wave d can end and we can enter a bearish wave e.
I also specified the invalidation level, closing a 4H - candle above this level will invalidate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Support zone: 5.360-5.591 (select when to buy)Hello?
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(FXSUSDT 1D chart)
In the end, you can see that in order for a full-fledged upward trend to begin, it must rise above 17.289.
To do so, we must first check if there is any movement to rise above 11.749.
As it rises near the HA-Low indicator, it is located above the MS-Signal indicator, near 5.591.
Accordingly, we need to see if the price can be maintained near the current position until the MS-Signal indicator switches to a bullish sign.
Then, we need to see if we can gather the strength to rise above 6.905 and rise to 11.749.
If it falls below 5.360 and shows resistance, caution is needed as it may lead to a further decline.
(1h chart)
Since it is currently beyond the top of the box section of the 1D chart, it may be burdensome to buy.
Therefore, it is necessary to check the movement on the 1h chart to calculate when to buy.
Looking at the current 1h chart movement, it is in an upward trend.
Therefore, it is not easy to find the right time to buy because it is rising without time to form support and resistance points.
Therefore, it is best to wait until the price shows sideways action.
If you cannot wait, it is better to wait until at least one wave comes out.
For example, since the HA-High indicator is formed at the current location, the movement during wave 1 is checked based on this point.
This is because there is a possibility that a movement will occur at the same time, whether it is rising or falling.
Otherwise, if you buy right away, you will have to go through all the calm waves, so you may get tired before a full-fledged movement occurs and sell when it starts to show signs of rising.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
FXS/BTC - Frax Share: SuperTrend Resistance_Breakout_Confirmatio◳◱ We have successfully identified two favorable trading patterns, namely the Super Trend and the Resistance Breakout, on the CRYPTOCAP:FXS / CRYPTOCAP:BTC chart. Both of these indicators are signaling a bullish trend, with the Super Trend indicating a sustained uptrend and the Resistance Breakout confirming this sentiment by surpassing a key resistance level. Given the alignment and convergence of these powerful signals, it is highly advisable to consider entering a long position with ambitious profit targets. Our meticulous analysis reveals that key resistance levels are present at 0.00020233 | 0.00021426 | 0.00023829, accompanied by significant support zones at 0.0001783 | 0.0001662 | 0.00014217. However, it is essential to exercise prudence and consider other crucial factors, such as overall market conditions and additional technical indicators, before finalizing any trade decision.
◰◲ General info :
▣ Name: Frax Share
▣ Rank: 91
▣ Exchanges: Binance, Kucoin, 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 :
▣ Mrkt Price: 0.00019968 ₿
▣ 24HVol: 0.644 ₿
▣ 24H Chng: 3.504%
▣ 7-Days Chng: 2.92%
▣ 1-Month Chng: -6.84%
▣ 3-Months Chng: -36.01%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00020233 | 0.00021426 | 0.00023829
◢ Support: 0.0001783 | 0.0001662 | 0.00014217
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.45
▣ Last 90D: -1.77
▣ Last 1-Y: 0.65
▣ Last 3-Y: 0.70
◲◰ Volatility :
▣ Last 30D: 0.91
▣ Last 90D: 0.83
▣ Last 1-Y: 0.97
▣ Last 3-Y: 21.80
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth FXSBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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FXS LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the FXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS CAN FALLHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the FXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✳️ Frax Share | 100% Success Rate, Clear UptrendMany Altcoins have been doing good but corrections can be strong.
Many Altcoins have been growing... Take a look at this one.
We looked at Frax Share vs Bitcoin (FXSBTC) 2-January, the exact the same date when it took off, we see the same pattern, another wave, another opportunity, easy one.
111% Can be the easy target, a higher high in continuation of the bullish trend.
Since we are set for massive gains, the next Fib. golden ratio level is also possible, at 375%.
Since this is a BTC pair and Bitcoin is also set to grow, we aim and plan for the first target mainly, if the other one happens, we take it as good luck.
Don't be greedy, be grateful for any and all wins, take your profits and move on.
Endless opportunities will continue to develop.
Day after day, week after week, month after month.
Just as we saw years of bearish action, we will see years of bullish growth.
Namaste.
✳️ Frax Share vs Bitcoin Bullish Pattern (50%+ Jump Revealed!) Look how beautiful the FXSBTC (Frax Share) chart looks... We have a very clear and strong bullish pattern.
We have a higher low this January 2023 compared to September 2022, just yesterday the bullish action got started.
We can see easily additional growth.
First 18% followed by 50%+.
More information on the chart.
The blue space is the support/stop-loss.
Namaste.
Frax Share (FXS) formed bullish Shark for upto 42.50% pumpHi dear friends, hope you are well and welcome to the new update on Frax Share (FXS) token
Prviously we caught more than 140% pump of FXS token as below:
On a daily time frame, FTX has formed a bullish Shark move for anaother bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FXS CAN GO UPPERHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the FXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXSUSDT Triangle Pattern!FXSUSDT Technical analysis update
FXS Fromed triangle pattern in the daily chart, we can expect a good up move once the price breakout.
Buy zone: Below $6.70
Stop loss: $5.30
Take Profit 1: $7.64
Take Profit 2: $9.25
Take Profit 3: $10.65
Spot trade.
Always keep stop loss
Thanks
Hexa
FXSBTCFXS looks good and I think we can trust it and publicly we see a positive movement in the coming days
FXSBTC: breaking resistanceWhat Is the Frax Protocol (FRAX)?
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:
Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.
Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.
Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.
Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.
How Many FRAX and FXS Coins Are There in Circulation?
The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol. The FXS token is the governance token which accrues all value of new minted FRAX, fees, and excess collateral. FXS is an investment and governance asset while FRAX is the currency token.
What Makes Frax Unique?
The Frax Protocol is a community driven and unique design stablecoin. Over 60% of the supply of FXS is issued over a number of years to liquidity providers and yield farmers. It is an entirely decentralized protocol with governance onchain. It is also the first and only stablecoin to incorporate the fractional-algorithmic hybrid design at the time of its launch in November 2020.
Who Are the Founders of the Frax Protocol?
The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019.
The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed as an answer to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin.
FXS/USD - Resistance approaches! Take care.You may be tempted to FOMO into Frax Shares, but check out this resistance, 10% left to go and it will be hit.
The last time the price was there it was rejected and pushed to form another all-time low!
Best to be cautious here and not FOMO just because you see a green candle.
Wait for a breakout at least. Bias is mildly bullish, but a break of resistance is necessary for this momentum to continue.
Like and follow if you liked my idea!
FRAX SHARE (FXS) BUY ZONESFXS is shaping up for a correction to the downside.
I would love to short it but not available on Binance futures , KuCoin or CoinTiger.
If you have the opportunity it might be a good trade for you.
If youre looking to buy and Hodl. these are Good entry points.