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FXSBTC: breaking resistanceWhat 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. How Many FRAX and FXS Coins Are There in Circulation? The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol. The FXS token is the governance token which accrues all value of new minted FRAX, fees, and excess collateral. FXS is an investment and governance asset while FRAX is the currency token. What Makes Frax Unique? The Frax Protocol is a community driven and unique design stablecoin. Over 60% of the supply of FXS is issued over a number of years to liquidity providers and yield farmers. It is an entirely decentralized protocol with governance onchain. It is also the first and only stablecoin to incorporate the fractional-algorithmic hybrid design at the time of its launch in November 2020. Who Are the Founders of the Frax Protocol? The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019. The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed as an answer to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin.
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by sequentialvzion
Frax Share Challenges Resistance | 160% To A New HighWill the Altcoins detach from Bitcoin? Or will they grow together? We are seeing many Altcoins printing strong bullish charts... They are moving up. This can be taken as a bullish signal for the entire market, as the Altcoins grow, everything grows. Be aware though, there will be another flash shakeout soon in between the multiple price jumps. ... Now, let's get to Frax Share vs Tether (FXSUSDT) daily chart. The chart here is young so we don't have much data. We are seeing a break above resistance supported by high volume and bullish indicators. We have a ~80% potential target to the previous high. 160%+ to a new high. It is looking good. Thank you for reading. Namaste.
Long
by AlanSantana
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
FXSBTC Technical Analysis FXSBTC on H8 had formed a triangle. After the breakout and pump it will go down for the Pullback. It ix expected to continue the Bullish move after the Pullback. ⬆️Buy now or Buy at 0.0001040 ⭕️SL @ 0.0000680 ✅TP1 @ 0.0001490 ✅TP2 @ 0.0001600 ✅TP3 @ 0.0001800 ✅TP4 @ 0.029000 ✅TP5 @ 0.030000 ✅TP6 @ 0.033000 ✅TP7 @ 0.0003900 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
FLong
by Fibonacci-Signals
3
FXSBTC: breaking resistance"What 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. How Many FRAX and FXS Coins Are There in Circulation? The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol. The FXS token is the governance token which accrues all value of new minted FRAX, fees, and excess collateral. FXS is an investment and governance asset while FRAX is the currency token. What Makes Frax Unique? The Frax Protocol is a community driven and unique design stablecoin. Over 60% of the supply of FXS is issued over a number of years to liquidity providers and yield farmers. It is an entirely decentralized protocol with governance onchain. It is also the first and only stablecoin to incorporate the fractional-algorithmic hybrid design at the time of its launch in November 2020. Who Are the Founders of the Frax Protocol? The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019. The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed as an answer to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin. Where Can I Buy or Obtain FRAX and FXS? FRAX, the stablecoin, is available on many major exchanges and DeFi platforms like Uniswap and DEXes. The Frax Shares (FXS) tokens are also available and as liquid as the stablecoin. Investors looking to purchase upside and governance rights to the world’s first fractional-algorithmic stablecoin should buy Frax Shares (FXS). Users who want stability by using the world’s only fractional-algorithmic stablecoin should purchase FRAX." source cmc
FLong
by sequentialvzion
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
FXS/BTC bullish TA Update and 300% potential form here#FXS/BTC TA Update :- #FXS currently trading at 1285 Satoshi And also trading above strong support level. So I am buying here some #FXS Entry:- 1250-1290 Satoshi Targets:- 1761/2635/3263/ Moon Sat Stop loss:- if any 6/8 hours candle close below 1200 Satoshi then Strictly close your position. Support:- 1250 satoshi Resistance:- 1761/2635/3263 Satoshi Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
FLong
by CryptoPatel
10
🆓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