#FXS/USDT#FXS
The price is moving in an ascending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.80
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.11
First target 2.50
Second target 2.82
Third target 3.21
Fxs
#FXSUSDT: Will This Be the Breakout We've Been Waiting For?Yello, Paradisers! Will this be the breakout of #FXSUSDT that investors have been waiting for? Let's discuss the latest analysis of $FraxShare:
💎After 4-5 months of a slow and steady downtrend, #FXS is finally approaching a critical turning point. The price is now testing the upper boundary of a Descending Channel, thanks to a strong bounce from the major demand zone at $1.86. But the question is—can the bulls sustain the momentum and spark a true rally?
💎To ignite this breakout, #FraxShare needs to clear a key hurdle at $2.69. This level, which previously acted as strong support on two occasions, has now turned into a resistance that must be overcome. If we see a breakout above this zone, confirmed by increasing trading volume and the 20 EMA, it could signal that the bulls are ready to take control and push higher. If this happens, get ready for a potential surge toward the next major resistance level.
💎However, if momentum falters, we might see a pullback toward the crucial support zone around $1.86, potentially retesting the breakout level. Should the price fail to hold here, trouble could be brewing, with #FXSUSDT possibly sliding back down to test the $1.50 support level.
💎The real risk lies in a break below $1.50. If this support gives way, the bears will likely seize control, leading to a deeper correction and dashing any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, Paradisers🥂
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#FXS (SPOT) entry range( 1.600- 2.050) T.(6.440) SL(1.501)entry range ( 1.600- 2.050)
Target1 (2.870) - Target2 (3.440)- Target3 (5.190)- Target4 (6.440)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (1.501)
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#Fxs#Fxs
The price has broken the descending blue resistance line on the screen
The price has always rebounded over the course of the year
Now the price is heading upward after retesting the trend
On the MACD indicator, we see saturation and a breach of the zero line
Buying areas are at the area marked in blue, in the price range of 5.05 to 5.30
The goals will be $10 to $11 $
FXS has broken above the channel bandFXS has broken above the channel band, it will continue to go up
🔵Entry Zone 9.100 - 9.583
🔴SL 7.998
🟢TP1 10.680
🟢TP2 11.868
🟢TP3 15.280
🟢TP4 17.298
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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FXS/USDT bullish horizon ascending channel? 🚀FXS Analysis💎 Paradisers, focus on #FXSUSDT as it climbs within an ascending channel, primed for an impactful surge from its demand zone
💎 #FLAXSHARE has recently hit a wall at $8.346, triggering a pullback. From the support of the ascending channel and having gathered downward liquidity, it's now showing robust momentum marked by striking green candles, hinting at a forthcoming leap over resistance. Keeping up this pace could ignite a notable bullish rally, breaching critical resistance points.
💎 In the ever-evolving crypto landscape, the ability to pivot and adapt strategies is key. Should #FXS face challenges at this pivotal demand zone, a strategic shift might be in the cards. Anticipate a bullish rebound from the alternative demand level at $6.814, with a descent below this threshold potentially signaling further declines.
FXS is a rocketThe FXS structure is now clearer and we have more data on the chart.
It seems that we are in wave D of a big pattern. This is a bullish wave.
To be more precise, we are now at the end of wave b of D.
We should soon enter wave c of D, which is a good bullish wave.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS can potentially go up after rejection from the support zoneFXS can potentially go up after rejection from the support zone. There is also a possibility of consolidation at the support zone before it goes up.
🔵Entry Zone 8.524 - 8.210
🔴SL 7.636
🟢TP1 8.921
🟢TP2 9.826
🟢TP3 11.849
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
FXS/USDT Facing on the supply area. This time will break out ?💎FXS has recently demonstrated notable market dynamics. Currently, it is encountering a significant supply area, and historical data indicates that FXS has consistently faced rejections at this level.
💎 However, if FXS manages to successfully break through this supply area, it could trigger a bullish momentum, leading to a substantial upward movement, potentially reaching our intended strong resistance zone.
💎 Conversely, if FXS fails to breach the supply area, there is a possibility of a price rejection, resulting in a descent towards the support area or even the demand zone.
💎 The demand area holds paramount importance, as it necessitates a rebound to facilitate another attempt at breaking through the supply area. However, if FXS is unable to sustain its position within the demand zone, signifying a breakdown, this could indicate a bearish trend reversal, with FXS resuming its downward trajectory, possibly reaching lower levels.
A bear attack on FXS will beginAccording to the wave count of the FXS chart, we have two scenarios that we must say right here that both scenarios involve drops.
The first scenario is to face a triangle and the second scenario is to face a symmetrical or diametrical one.
Whichever of these scenarios is going on, the red range is the range where we are looking for sell/short positions.
We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS/USDT Could the support area sustain the price and bounce ?💎 FXS has notably captured market attention, but its current state raises some concerns. FXS has returned to a retesting phase at the support area, and this development is worrisome as FXS recently only managed to consolidate above this support level. There's a risk that FXS might break down below the support, potentially confirming a false breakout.
💎 However, there's a silver lining: if FXS, upon returning to the support area, manages a strong bounce, it could pave the way for a resumption of its upward trajectory, with probability aiming for our target in the bearish OB area.
💎 Should a false breakout be confirmed, FXS's path might be directed downwards, heading back toward the support area. At this juncture, a robust recovery is essential. FXS needs to demonstrate a strong bounce and reclaim the resistance to continue its upward movement. Failing this, there's a possibility that FXS might extend its downward trend, potentially breaking down below the support level and moving towards a stronger demand area.
FXS/USDT upward momentum from demand? 👀🚀FXS Analysis💎 Paradisers, keep a close eye on #FXSUSDT, which is currently signaling a potential bullish breakout from its support zone.
💎 #FraxShare is demonstrating a significant upward trend. There's a strong anticipation of a bullish movement from its current demand level. If #FXS can maintain its strength above the $8.288 mark, we could witness a promising push towards the formidable resistance at $12.044.
💎 If #FXS encounters hurdles in sustaining its position above the $8.288 demand level, a strategic shift might become necessary. In such a scenario, our attention would pivot towards a bullish momentum originating from a lower support level at $7.529.
💎 Keeping a watchful eye on this level is crucial, as a drop below it could necessitate a strategic shift, indicating potential challenges in upholding a bullish trajectory in the #FXS market. 🌴💰
FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.
🔥FXS Is Inside a Massive Channel: Pump in 2023❓Frax is squeezing below the trendline and should break it in 1-2 weeks. Additionally, the mod of the triangle becomes a support for this altcoins.
💥the pump will be huge because its fresh altcoins with a huge growth potential.
It hasn't pump before, so it gives us additional confidence that this altcoin will show its potential during the bull market.
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Frax Share (FXS)The Frax Protocol is the first fractional-algorithmic stablecoin system. Its FXS governance token analysis is straightforward: an impulse wave followed by corrective wave which seems ended at 0.618 Fibonacci retracement. Then price consolidated in a box for a long time and finally breaks upward. Let's see if FXS can breaks the major downtrend line.
FXSUSDT.4HBased on the provided market data, the FXS/USDT pair is currently trading at $6.94. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 63.74, 70.18, and 53.79 respectively. This suggests that the pair is slightly overbought on the 4-hour and 1-day charts, indicating a potential price correction or consolidation in the near term.
The Moving Average Convergence Divergence (MACD) for the 4-hour and 1-day charts are positive, suggesting bullish momentum in these timeframes. However, the MACD for the 7-day chart is negative, indicating bearish momentum in the longer term.
The Bollinger Bands (BB) on the 4-hour and 1-day charts are slightly above the current price, suggesting that the pair is trading in a reasonable range in these timeframes. The BB on the 7-day chart is above the current price, which could indicate that the pair is undervalued in the longer term.
The provided support and resistance levels suggest that the pair has room to move in both directions. The closest support level on the 4-hour chart is $6.654, while the closest resistance level is $7.22. On the 1-day chart, the closest support level is $6.117 and the closest resistance level is $7.587. On the 7-day chart, the closest support level is $6.18 and the closest resistance level is $7.072.
In conclusion, the FXS/USDT pair appears to be slightly overbought in the short term but has bullish momentum. There may be potential for a price correction or consolidation in the near term. In the longer term, the pair appears to be undervalued and has bearish momentum. Traders should watch the support and resistance levels closely and consider the RSI and MACD indicators when making trading decisions.
This is just an analysis based on the provided data. It's always recommended to do your own research before making any investment decisions.
$FXS Performing Falling wedge CRYPTOCAP:FXS Performing Falling wedge in 1D Keep eye on Breakout
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
FXS will have a lot of volatilityIn the supply zone, our hypothetical diametric wave d can end and we can enter a bearish wave e.
I also specified the invalidation level, closing a 4H - candle above this level will invalidate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
FXS/USDT Break Descending Channel, Bullish Momentum ?? 💎 FXS has undeniably caught our attention. It has successfully broken out of the descending channel pattern, signaling a bullish trajectory for its future movements. Before advancing further, FXS is likely to undergo a retesting phase, seeking robust buying support to fuel its upward journey.
💎 Historically, FXS has frequently interacted with a significant demand zone, consistently bouncing back from it.
💎 Today's breakout from the pattern further underscores its momentum. However, should FXS experience a false breakout and fail to maintain its position above the key demand zone, there's a risk of it embarking on a downward spiral, potentially reaching the critical support region.