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
FXSUSD
FXSUSD out of the 6 month accumulation zone, start of Bull CycleFRAX SHARE (FXSUSD) broke four days ago above the Accumulation Zone that has been in effect for 6 months (since May 25 2022). That was the range where investors bought the token in preparation for the next Bull Cycle. This has just started with that break-out and the first Resistance cluster that the token will face is the 0.382 Fibonacci - 1W MA50 (red trend-line) zone.
A pull-back here would do wonders for those late to the rally, with the 1D MA50 (blue trend-line) providing the long-term Support. In fact, it is about to form a Golden Cross with the 1D MA200, the first such (bullish) pattern since September 24 2021. A weekly closing above the 1W MA50 extends the rally to the immediate upper Fibonacci levels (0.5 at 13.450 and 0.618 at 18.000).
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4th Example of a possible big PUMP4th Example of the rules needed for those 2x ALT coin bounces.
Fullcrum Bottom Darvas Box
All other rules apply first before this breaks out.
Beautiful accumulation plus catalysts news coming.
Buy above 4h 200 EMA
(With Smaller Bullish patterns)
Confirmed Breakout
(Look at RSI , Trendlines , Volume )
Look for catalyst News
(Anything that rehypes the shitcoin, or it's bluechip chain)
Buy SPOT ONLY and HODL!
Swing until 2x profit, or weakness. no SL but if needed a loss of 50% would be a SL
FIND THIS IN OTHER SHITCOINS AS WELL!
PLAY THEM ALL
BTW there is an order to this, I will not share it, you will need to DYOR.
but this is a prime example which will likely 2x by MID Feb
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
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!
FXS /egld if the 40/50 dollar zone is crossed quickly, it completes the unstoppable goal, let's see what time will show.
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.