FXS/USDT upward momentum from demand? 👀🚀FXS Analysis💎 Paradisers, keep a close eye on #FXSUSDT, which is currently signaling a potential bullish breakout from its support zone.
💎 #FraxShare is demonstrating a significant upward trend. There's a strong anticipation of a bullish movement from its current demand level. If #FXS can maintain its strength above the $8.288 mark, we could witness a promising push towards the formidable resistance at $12.044.
💎 If #FXS encounters hurdles in sustaining its position above the $8.288 demand level, a strategic shift might become necessary. In such a scenario, our attention would pivot towards a bullish momentum originating from a lower support level at $7.529.
💎 Keeping a watchful eye on this level is crucial, as a drop below it could necessitate a strategic shift, indicating potential challenges in upholding a bullish trajectory in the #FXS market. 🌴💰
Fxsusdt
FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.
🔥FXS Is Inside a Massive Channel: Pump in 2023❓Frax is squeezing below the trendline and should break it in 1-2 weeks. Additionally, the mod of the triangle becomes a support for this altcoins.
💥the pump will be huge because its fresh altcoins with a huge growth potential.
It hasn't pump before, so it gives us additional confidence that this altcoin will show its potential during the bull market.
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FXSUSDT.4HBased on the provided market data, the FXS/USDT pair is currently trading at $6.94. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 63.74, 70.18, and 53.79 respectively. This suggests that the pair is slightly overbought on the 4-hour and 1-day charts, indicating a potential price correction or consolidation in the near term.
The Moving Average Convergence Divergence (MACD) for the 4-hour and 1-day charts are positive, suggesting bullish momentum in these timeframes. However, the MACD for the 7-day chart is negative, indicating bearish momentum in the longer term.
The Bollinger Bands (BB) on the 4-hour and 1-day charts are slightly above the current price, suggesting that the pair is trading in a reasonable range in these timeframes. The BB on the 7-day chart is above the current price, which could indicate that the pair is undervalued in the longer term.
The provided support and resistance levels suggest that the pair has room to move in both directions. The closest support level on the 4-hour chart is $6.654, while the closest resistance level is $7.22. On the 1-day chart, the closest support level is $6.117 and the closest resistance level is $7.587. On the 7-day chart, the closest support level is $6.18 and the closest resistance level is $7.072.
In conclusion, the FXS/USDT pair appears to be slightly overbought in the short term but has bullish momentum. There may be potential for a price correction or consolidation in the near term. In the longer term, the pair appears to be undervalued and has bearish momentum. Traders should watch the support and resistance levels closely and consider the RSI and MACD indicators when making trading decisions.
This is just an analysis based on the provided data. It's always recommended to do your own research before making any investment decisions.
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
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FXS/USDT Break Descending Channel, Bullish Momentum ?? 💎 FXS has undeniably caught our attention. It has successfully broken out of the descending channel pattern, signaling a bullish trajectory for its future movements. Before advancing further, FXS is likely to undergo a retesting phase, seeking robust buying support to fuel its upward journey.
💎 Historically, FXS has frequently interacted with a significant demand zone, consistently bouncing back from it.
💎 Today's breakout from the pattern further underscores its momentum. However, should FXS experience a false breakout and fail to maintain its position above the key demand zone, there's a risk of it embarking on a downward spiral, potentially reaching the critical support region.
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.
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FXS/USDT Planning for a Possible Rally | FXS Analysis 💎 Paradisers, brace yourselves! FXS/USDT seems poised for a bullish breakout, potentially tearing away from its downward trajectory to spark a notable ascent.
💎 Recently, this asset has been lingering near a crucial support threshold. With an uptick in trading volume, we're optimistic about a forthcoming bullish transition.
💎 After marking consistent highs, the price underwent a marked decline, signaling a shift in market sentiment and prolonging its bearish journey.
💎 However, bullish indicators are starting to resurface, and we project the price will soon approach the looming supply zone.
💎 A word of caution: If the price plunges beneath the support amidst market unpredictability, gear up for a potential bearish swing.
💎 Stay engaged for further insights!
FXSUSDTBINANCE:FXSUSDT LONG
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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