FXSUSDT trade ideas
Long FXSFXS has retested a key support level and I'm seeing a clear bullish divergence in the charts. Based on my analysis, I'm predicting a strong move up to the 1.618 fibonacci level. This could be a prime opportunity for some serious upside gains.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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.
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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 🦐
FXS level trading
My second pick of the week is FXS.
Prices form interesting levels to trade.
We can see an Engulfing candle pattern (with two candles of two passed weeks), indicating that the correction is done for FXS. This correction is linked to the break-out the lower range $4-$7.5
After retesting the support of the new range ($7.5), it starts to bounce to the next resistances.
✴️ 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.
FXS/USDTSPOT BUY PLAY:
FXS/USDT BROKE the consolidation range & CONSOLIDATING ABOVE IT after retesting it. Looking to accumulate some.
Buy Zones are always mentioned on the charts itself with potential TAKE-PROFIT zones.
STOP-LOSS = 25% below the average buying price
TAKE-PROFIT zones are mentioned in the chart itself. DYOR.
Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money.
Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not.
Suggestion/Tip 2 - When price is moving on right way
"it is always recommended to move stop-loss to profit side".
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