✴️ Frax Share | On A Path Higher, Confirmed (500-426% Potential)
Yesterday Frax Share (FXSUSDT) hit a new high as it broke above EMA300. Its highest level since May 2023.
Today Frax Share is growing above EMA300, full green with rising volume and a strong RSI. This is what we can gather by looking briefly at the chart but there is more, additional strong bullish signals.
Frax Share produced a triple bottom pattern last year, October, November and December 2022 were marked by v shaped bottoms. This year we have a long-term bottom formation as a strong higher low, the bottom sequence started to develop in June and was confirmed in October 2023, that's 5 months to produce a bottom.
This long-term formation is set in stone once confirmed.
This bottom low is confirmed as prices moved above MA200 and EMA200 a while back..
Once the correction is over, a new bullish wave can develop.
👉 The correction being a higher low leads to a higher high and this opens the doors for 45 and 39, that is 504% and 426% short-term.
The potential is great. My intuition tells me that this pair will be really strong in its bullish wave.
Namaste.
Today Frax Share is growing above EMA300, full green with rising volume and a strong RSI. This is what we can gather by looking briefly at the chart but there is more, additional strong bullish signals.
Frax Share produced a triple bottom pattern last year, October, November and December 2022 were marked by v shaped bottoms. This year we have a long-term bottom formation as a strong higher low, the bottom sequence started to develop in June and was confirmed in October 2023, that's 5 months to produce a bottom.
This long-term formation is set in stone once confirmed.
This bottom low is confirmed as prices moved above MA200 and EMA200 a while back..
Once the correction is over, a new bullish wave can develop.
👉 The correction being a higher low leads to a higher high and this opens the doors for 45 and 39, that is 504% and 426% short-term.
The potential is great. My intuition tells me that this pair will be really strong in its bullish wave.
Namaste.
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