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FXSUSDT trade ideas

📊#FXS has rebound expectations📈🧠We started to fall according to the double top structure and reacted well after touching the main support line. We can pay attention to the double bottom structure that may be formed here. It will be established after breaking through the turning point. If it is established, then we will most likely go to the neckline or resistance zone. ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
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by wolf_king888
FXS Price Analysis: Bullish Reversal / / Daily Triple BottomThe chart provided shows a triple bottom formation, which is a bullish pattern indicating potential reversals after a downtrend. This pattern is observed by three distinct lows at a similar price level. The recent "Morning Star" candlestick pattern, which is also a bullish reversal indicator, suggests a potential increase in buyer momentum. In combination with the triple bottom, the Morning Star pattern could indicate a strong bullish sentiment. The RSI (Relative Strength Index) is not in the oversold territory, which would support the case for an upward price movement. Considering these factors and the current price level of $6.94, the FXS could see an upward movement towards the next resistance level marked at around $8.243 in the near term. However, traders should watch for a sustained break above this level to confirm continued bullish momentum, potentially leading to further resistance levels at $9.578 and $10.899 as depicted in the chart. Please note that this is not financial advice, and you should do your own research or consult with a financial advisor before making any investment decisions.
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by Shibunacci
🚀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 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.🚫
Long
by solinash1
4
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. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
FXS/USDT bullish horizon ascending channel? 🚀FXS Analysis💎 Paradisers, focus on #FXSUSDT as it climbs within an ascending channel, primed for an impactful surge from its demand zone 💎 #FLAXSHARE has recently hit a wall at $8.346, triggering a pullback. From the support of the ascending channel and having gathered downward liquidity, it's now showing robust momentum marked by striking green candles, hinting at a forthcoming leap over resistance. Keeping up this pace could ignite a notable bullish rally, breaching critical resistance points. 💎 In the ever-evolving crypto landscape, the ability to pivot and adapt strategies is key. Should #FXS face challenges at this pivotal demand zone, a strategic shift might be in the cards. Anticipate a bullish rebound from the alternative demand level at $6.814, with a descent below this threshold potentially signaling further declines.
Long
by MyCryptoParadise
8
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
Long
by behdark
2
FXS/USDT Speculative TradingBelow is a speculative deal on FXS/USDT. After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level. As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times. Such price movements can provide opportunities to enter the market. At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
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by Rick_SimpleSwap
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.
Long
by JosephMcKenzie