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FXSUSDT trade ideas

FXSUSDTFXS entered a descending channel on February 8th, which was confirmed by several upward and downward touches within this channel. However, recently the price broke below the trendline and we are witnessing a consolidation below the trendline, indicating a more bearish market trend. Within the range of $4 to $4.30, we have a strong support line that has acted as support multiple times and caused price increases. This range can be a good opportunity for short-term entry and buying, and it has the potential to change the overall trend. However, overall, I am not optimistic about the market these days, and I expect further decline for the market, especially for altcoins. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
2
FXSUSDT → Breakthrough resistance opens up new targets BINANCE:FXSUSDT is showing great momentum after a false break of support at 4.841 (touching wedge support). The coin strengthens by 27% and breaks consolidation resistance. The bulls are trying to take control of the situation. A retest of strong resistance 5.866 is forming and is currently sandwiched in a local range between the previously broken wedge boundary and between resistance 5.866. Against the backdrop of strengthening BINANCE:BTCUSD , BINANCE:FXSUSDT price is also growing and currently stands at 5.750. SMA50 was also broken earlier. The main goal for the buyers is to consolidate above the wedge or above the level of 5.866 after its breakout. After that, we are likely to see a strengthening towards 6.960 and even to 8.800. Support levels: the previously broken wedge boundary, MA-50, 4.841 Resistance levels: 5.866, 6.959 I expect that the bulls will be able to hold their positions. If it succeeds, the coin will start to rise to 6.959 Regards R.Linda!
Long
by RLinda
10
Emerging OpportunitiesFXS has exhibited a distinct bearish trend over the course of the previous month. Following the breach of the lower channel support, its price descended precisely to the channel's bottom. However, it displayed a favorable response near the $6 price level, indicating potential signs of a trend reversal in the daily timeframe. This retracement can be interpreted as a corrective wave within the ongoing downtrend. Nonetheless, the support at $6 is expected to hold due to the robust reaction observed in the past when approaching this level. A potential rebound could result in a positive response within the $6.60 range. Consequently, the short-term and medium-term targets for this currency can be identified within the price ranges of $7.95, $8.25, $9.10, and $9.65.
by MonoCoinSignal
FXSUSDT is wants the breakout?FXSUSDT has been forming a pattern of higher highs and higher lows, which is a bullish trend indicating a potential uptrend in the price. This pattern is characterized by the price forming higher highs and higher lows with each subsequent price swing, indicating that buyers are willing to pay higher prices for FXSUSDT. This trend can be seen on multiple timeframes, indicating a strong bullish momentum in the market. According to trading rules, a breakout above a significant resistance level is a strong indication of a potential long position. In the case of FXSUSDT, a breakout above the $ 10 level could signal a potential long position. If the price manages to break above this resistance level, it could indicate a significant bullish momentum and signal a potential long position. Based on these rules, traders may consider opening a new long position in FXSUSDT until the price reaches $12. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
✴️ Frax Share | Additional ConfirmationHere we have this date again... 6-March on the weekly timeframe. If we look at the daily timeframe most like we get 10/11-March. This date represents the end of the Cryptocurrency market correction, a higher low just as we expected would happen... And since we've been right, we continue with the same plan, the same method, the same strategy, the same system until something goes wrong. When we start to make mistakes, we adapt fast and change. My point is to say that higher lows lead to higher highs... While some charts are mixed, not fully clear, other charts reveal the full picture. Frax Share (FXSUSDT) Says Up Next! We can see the higher low long-term, 2021 vs 2022. Then we can we see the bullish breakout out of the (black) consolidation box/range. And then we have that famous higher low... Get ready for additional growth. Thank you for your continued support. One more article and I am done. Namaste.
Long
by AlanSantana
2