🚀FXS: A Potential Skyrocket Waiting to Launch 🌕📈 FXS has been in an accumulation phase since June 2022, consolidating within a green rectangle range. With a tiny circulating supply of just 78,825,942 FXS, this crypto could be primed for a massive upside move.
💣 Once FXS breaks out from this accumulation range, it could potentially explode to new heights, with targets of $22-$24 in sight. However, the timing of this breakout remains uncertain, so patience is key. ⏳
🚀🚀 Red Lines and White trends are our targets.🚀🚀
✨ While the upside potential is enticing, it's crucial to do your own research (DYOR) and manage your risk accordingly. Dollar-cost averaging (DCA) into FXS could be a wise strategy for those willing to hold through the volatility.
🎰 Good luck to those who decide to take a chance on this potential crypto gem! May the odds be ever in your favor. 🍀
In summary, FXS presents an exciting opportunity for patient investors willing to weather the accumulation phase. With its tiny supply and potential for a massive breakout, FXS could be a rocket ship waiting for liftoff. 🚀 DYOR, DCA, and buckle up for a thrilling ride!
Fxsusdsignals
FXSUSD Emerging 1D Golden Cross.Frax Share (FXSUSD) is about to form a 1D Golden Cross, the 2nd such pattern within the 11-month Triangle. The first rose to a 2.0 Fibonacci extension High on February 09. A 2.0 Fibonacci rise on the current sequence from its last High would take the cryptocurrency to 10.000, on a potential contact with the 1D MA100 (green trend-line), the first since April 18.
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FXSUSD out of the 6 month accumulation zone, start of Bull CycleFRAX SHARE (FXSUSD) broke four days ago above the Accumulation Zone that has been in effect for 6 months (since May 25 2022). That was the range where investors bought the token in preparation for the next Bull Cycle. This has just started with that break-out and the first Resistance cluster that the token will face is the 0.382 Fibonacci - 1W MA50 (red trend-line) zone.
A pull-back here would do wonders for those late to the rally, with the 1D MA50 (blue trend-line) providing the long-term Support. In fact, it is about to form a Golden Cross with the 1D MA200, the first such (bullish) pattern since September 24 2021. A weekly closing above the 1W MA50 extends the rally to the immediate upper Fibonacci levels (0.5 at 13.450 and 0.618 at 18.000).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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