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Fxsusdtlong

Are We on the Verge of a Major FXSUSDT Shift? - Frax Share◳◱ On the BINANCE: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 BINANCE: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 -
by Crypto2AF
🚀FXS: A Potential Skyrocket Waiting to Launch 🌕📈 FXS has been in an accumulation phase since June 2022, consolidating within a green rectangle range. With a tiny circulating supply of just 78,825,942 FXS, this crypto could be primed for a massive upside move. 💣 Once FXS breaks out from this accumulation range, it could potentially explode to new heights, with targets of $22-$24 in sight. However, the timing of this breakout remains uncertain, so patience is key. ⏳ 🚀🚀 Red Lines and White trends are our targets.🚀🚀 ✨ While the upside potential is enticing, it's crucial to do your own research (DYOR) and manage your risk accordingly. Dollar-cost averaging (DCA) into FXS could be a wise strategy for those willing to hold through the volatility. 🎰 Good luck to those who decide to take a chance on this potential crypto gem! May the odds be ever in your favor. 🍀 In summary, FXS presents an exciting opportunity for patient investors willing to weather the accumulation phase. With its tiny supply and potential for a massive breakout, FXS could be a rocket ship waiting for liftoff. 🚀 DYOR, DCA, and buckle up for a thrilling ride!
Long
by KarimMohsen
2
FXS/USDT Facing on the supply area. This time will break out ?💎FXS has recently demonstrated notable market dynamics. Currently, it is encountering a significant supply area, and historical data indicates that FXS has consistently faced rejections at this level. 💎 However, if FXS manages to successfully break through this supply area, it could trigger a bullish momentum, leading to a substantial upward movement, potentially reaching our intended strong resistance zone. 💎 Conversely, if FXS fails to breach the supply area, there is a possibility of a price rejection, resulting in a descent towards the support area or even the demand zone. 💎 The demand area holds paramount importance, as it necessitates a rebound to facilitate another attempt at breaking through the supply area. However, if FXS is unable to sustain its position within the demand zone, signifying a breakdown, this could indicate a bearish trend reversal, with FXS resuming its downward trajectory, possibly reaching lower levels.
by MyCryptoParadise
FXS/USDT Break out the Supply or Back to the demand area ??💎 FXS has recently experienced notable shifts in the market. A week ago, FXS faced a robust rejection upon reaching the Bearish OB area. 💎 The current scenario suggests the possibility of FXS resuming an upward climb to retest the supply area. A successful breakout at this juncture could instigate a bullish momentum, propelling FXS upward significantly and the probability aiming to reach our targeted strong resistance area. 💎 Conversely, if FXS fails to break out, not revisiting the Bearish OB, the price may retreat to the demand area, initiating a new momentum. 💎 The demand area holds immense significance, necessitating a bounce to make subsequent attempts at breaking out the supply and Bearish OB areas. A breakdown at the demand zone signals a bearish turn for FXS, leading to potential downward movement and a return to the robust demand area.
by MyCryptoParadise_Nathan