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Fraxshare

Why I think Algo stablecoin protocols will do better than USDCKRAKEN:DAIUSDT There are numerous ideas and some real facts of and continuing act of regulators hammering some of the pioneer Stable coin companies LIKE Circle, Blockfi, Celsius for different reasons; all sums up that centralized issue USDCs are looked upon as bonds that does not back 100% USD for one USDC and on top of that, Blockfi celsius service include lending and borrowing mediator for USDC - deems mediator that creates open borderless market for buying and selling security i.e. USDC in view of the US govt. Let's know we will likely not conclude this debate anytime soon, as legal issue is take long time especially for big firms with good lawyers already knew this scenario in their monopoly playbook. Sorry, I stop rant about USDC's issue. Unless ETH or other aseets crash to near zero, algo stablecoins should do fine and may likely avoid scrutiny from regulators of the world (IF, DAO is perfectly designed to be decentralized as time passes) Yes many VCs back Terra (LUNA) that issues algo UST (USD in Terra protocol) so having a clear VC, Terra team location and identity not so good for avoiding govt. scrutiny but still higher chance of get away from prohibit act- since their UUST isn't 1:1 to USD, it is pegged by LUNA just like Maker DAO. I find Olympus DAO and Frax share, Alchemix to be interesting Algo stablecoin protocols b/c they utilize bonds of other asset. For now I do not know deeply about OHM FXS ALCMX's tokenomic and their stablecoin issuance. But it feels like digital nomads could get their hands on decentralized stablecoins like these UST DAI for now IF 50% in BTC, 25% ETH, 10% Shitcoin 15% in stable coins ----------------> 7.5% in USDC and 7.5% in UST, DAI is just an idea for now. Peace, Fleeangel
INDEX:BTCUSDShort
by fvxn
1
$FXS/BTC 4h (Binance Spot) Bull-pennant breakoutFrax Share broke out bullish locally and looks ready for another leg-up that pull-back. FXS is not only a DeFi token but also a member of the Avalanche Ecosystem! It works as a governance for the Frax Protocol, which is the first fractional-algorithmic stablecoin system (FRAX). Current Price= 0.00012369 Buy Entry= 0.00012395 - 0.00011715 Take Profit= 0.00014456 | 0.00015810 | 0.00018294 Stop Loss= 0.00010275 Risk/Reward= 1:1.35 | 1:2.11 | 1:3.51 Expected Profit= +19.92% | +31.15% | +51.75% Possible Loss= -14.77% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
FLong
by TradingOn
🆓Frax Share (FXS) Sep-3 #FXS $FXSFXS is correcting to the $5.5 zone and buying might return at this zone to help FXS rise to the $6.5, $7.5 and $10 zones this September. 📈BUY 🔴Buy : 5.35-5.65$. SL if B 🔴Buy : 6.35-6.65$ if A. SL if B 📉SELL 🔴Sell : 6.35-6.65$. SL if A 🔴Sell : 7.3-7.7$. SL if A 🔴Sell : 9.75-10.25$. SL if A ♻️BACK-UP 🔵Buy : 4.4-4.6$. SL if B ❓Details 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone
FLong
by CryptoStation
1
Frax Share FXSBTC going long“FXS before you Go Go!” Yep… this $70M Market Cap coin of 100M max supply, is about to breakout from a 50D EMA. If it successfully breaks out it could have a 100% potential gain from 1300 sats to 2600 sats. While there’s nothing impossible in them world of Crypto as a fundamental news could drive FXS north instantly, this trade could take longer than normal to materialize as FXS needs first to breakout, retest then head north. But what do you think?
FLong
by eBlockChain
2
My Trading Explained! Frax Share (FXS) | Let's Try Again!The chart we shared for Frax Share (FXSBTC) went bust... Ouch! But this is no big deal, this is normal... Some we win, some we lose... Wait, it is a bit more complex than that. We need to use a stop-loss and also have a well-developed plan before trading. (To increase potential wins and reduce potential loss) If one of our trades fails, we lose 10%, 20%, or maybe even up to 30% but, when our trades do good we go for 50%, 100%, 300%, and even 400/500%+ on some trades. (This takes time, some trades can take up to 6-8 months to fully develop, patience is key) RISK/REWARD. We go for low risk with high potential reward. Now, FXSBTC went down and closed below support. This is negative but can also be a plus. Yesterday, we had a reversal candle show up. Today, prices are starting to grow strong. With high volume and the RSI curving up, this can turn into a strong move and we see FXSBTC reverse from bearish (down) to bullish (up). Even with the information you just read above, make sure to do your own research before trading, study, take your time, diversify... Just as we can win, there can also be loss. This is not financial advice. Thanks a lot for your support. Namaste.
FLong
by AlanSantana
13
My Trading Explained! Frax Share (FXS) | Let's Try Again!The chart we shared for Frax Share (FXSBTC) went bust... Ouch! But this is no big deal, this is normal... Some we win, some we lose... Wait, it is a bit more complex than that. We need to use a stop-loss and also have a well-developed plan before trading. (To increase potential wins and reduce potential loss) If one of our trades fails, we lose 10%, 20%, or maybe even up to 30% but, when our trades do good we go for 50%, 100%, 300%, and even 400/500%+ on some trades. (This takes time, some trades can take up to 6-8 months to fully develop, patience is key) RISK/REWARD. We go for low risk with high potential reward. Now, FXSBTC went down and closed below support. This is negative but can also be a plus. Yesterday, we had a reversal candle show up. Today, prices are starting to grow strong. With high volume and the RSI curving up, this can turn into a strong move and we see FXSBTC reverse from bearish (down) to bullish (up). Even with the information you just read above, make sure to do your own research before trading, study, take your time, diversify... Just as we can win, there can also be loss. This is not financial advice. Thanks a lot for your support. Namaste.
FLong
by AlanSantana
🆓Frax Share/USDT Analysis (5/4) #FXS $FXSFXS has formed a higher Low and the buying force push FXS up twice from 8$ zone. Now it is heading to 10$, 12.5$ zone. I think the selling force at 12.5$ zone is very strong and may push it down to 10$ zone again before making a new rally up to 18$ zone 📅EVENTS No News 📈BUY -Buy: 7.8-8.2$. SL B -Buy: 9.75-10.25$ if A. SL B -Buy: 12.2-12.8$ if A. SL B 📉SELL -Sell: 9.75-10.25$. SL A -Sell: 12.2-12.8$. SL A -Sell: 17-18$. SL A ♻️BACK-UP -Sell: 7.8-8.2$ if B. SL A -Buy: 5.8-6.2$. SL B ❓Details Condition A : "If 12H candle closes ABOVE this zone" Condition B : "If 12H candle closes BELOW this zone"
FLong
by CryptoStation
Frax Share (FXS) Overview + ChartWhat Is the Frax Protocol (FRAX)? The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio. Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management. Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles. Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value. Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category. Source: Coinmarketcap.com ------ This one is looking good now and hasn't move compared to other altcoins. We can see prices moving just now above EMA10 and some higher lows since February. There is room for higher prices. See the chart. This is not financial advice. Namaste.
FLong
by AlanSantana
9
FXSBUSD (FRAX SHARE) - BUY ENTRY ANALYSIS 🔎 - FXSBUSD brokeout above the double bottom (DB) neckline resistance (NR). - The market hit a swing high and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There is a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance (DTR). - A breakout above the descending trendline resistance (DTR) could be a bullish signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance (DTR). - Aggressive entry : market price. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - ATH (All-time high) resistance. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
FLong
by Chibuike_Odoh
1