FraxShare New All-Time Low (Ez Target + 628% BU-Pot.)Here we have a very interesting chart. Before going deep into FraxShare, let's make a comment relating the altcoins market in general. Did you read my recent Solana and Ethereum trade-ideas?
Notice how FraxShare is trading at a new all-time low while the others are trading near resistance or very high; that's it. That's the huge difference. The ones that are good for buying are the bottomed out ones. The ones that are good to stay away are the ones trading high, too high.
➢ FraxShare (FXSUSDT) produced a new All-Time Low on a bearish impulse, marked by a 5-wave down sequence based on EW.
After this bearish wave and ATL, we have a classic rounded bottom and now strong bullish action. We can expect additional growth.
The "baseline" is the price at which FXSUSDT traded at before the crash, and also the June 2023 low/support.
Notice how in April/May this year, 2024, there was some support around this level before prices moved lower.
➢ Going back to "baseline" is super easy and secure. This means an easy 100%. This is a very safe target because this would be the minimum price range to be tested on a bounce based on technical analysis.
Additional growth is surely possible and very likely mid- to long-term.
The easy target can be hit very fast; short-term.
Do your own research, do your own planning and only use me for great entry timing.
Namaste.
