FXSUSDT → Out of Range. It's up to the bulls BINANCE:FXSUSDT is squeezed within the consolidation boundaries of 7.174 - 3.910, but at the same time inside the range there is a prerequisite for a possible trend change and price strengthening
A bullish pattern in the format of a "bearish wedge" is forming on the chart. The price is breaking resistance on the background of weak bitcoin. Investors are looking for potential in altcoins during a correction in the cryptocurrency market. Consolidation above 5.866 could form a bullish upside to 7.175, which would form a retest.
In this case, the market will get the potential to break the resistance of the 7.175 range and further growth. There is no pronounced trend, the price is forming a sideways range based on the bottom of 3.910. The market may slowly but try to reverse.
Support levels: 5.866, 3.910
Resistance levels: 7.175
I expect the formation of bullish support with the last retest of 7.175 aimed at the breakout of the range and further growth.
Regards R. Linda!
FXSUSDT trade ideas
$FXS chart say it all BEAWARE !!I deeply analyzed weekly chart of $FXS.
Right now weekly making lower high, lower low as per the market structure
In other hand CRYPTOCAP:FXS in falling wedge and waiting to breakout, as soon as it breakout people will start longing it and their stop loss will be at last swing low.
As you can see there is already liquidity resting below the last swing low, I am expecting after breakout (50% rally) it will come down and sweep all the liquidity below. you can also assume it as retest of falling wedge.
now you perfect spot trading setup
1) BUY NOW (in the gray zone)
2) SELL after breakout (40-50% rally as you can see in chart)
3) BUY on retest (after sweeping all liquidity below, don't fomo)
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fxs scalpWe notice the formation of a price channel
The price fell to the support line, we expect liquidity and a retracement from the current price
It is important to manage the capital and set a stop loss
I apologize that my English is not good
Good luck to all
target
in chart
stop lose
in chart
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#FXSUSDT Remains Stable Amid Market Turmoil 🌀💎#FXSUSDT has showcased remarkable stability compared to most altcoins, many of which have experienced significant drops. This resilience demonstrates the strength of #FXS and the persistent buying pressure that remains robust. From a technical standpoint, the price recently experienced a notable rejection from the demand zone, which was further validated by the Volume Profile support.
💎Following this rejection, a break above the trendline occurred, yet the price encountered resistance at a minor supply area. However, during the current pullback, the 78.6% Fibonacci support at $5.84 held firmly, enhancing the likelihood of a short-term uptrend.
💎Overall, as long as the price remains above the Volume Profile support, the MCP team anticipates a rise towards the 78.6% Fibonacci resistance at $6.68. This presents a potential rapid price increase of 15%.
Stay attentive, Paradisers, as #FXSUSDT may be primed for a bullish surge amid the ongoing market turbulence! 🌴
fxs final chance FXS
A week ago, we made it clear that the downtrend was broken
We saw a correction over the past two days and touched the trigger zone
I expect a strong rise and break the downtrend
target
10.5$
14$
stop lose
5.9$
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fxs rocket lunchsince 9 feb 2023 We are in a downtrend
and since 15 jun 2023 We are on an upward trend
*********************************
With strong liquidity entering the market
I expect a break above the pattern drawn on the chart
*********************************
Targets :
T1 : 10.8$
T2 : 14$
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FXS LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the FXS symbol.
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
FXSUSD ❕ bearish divergencePrice and RSI movement and changes in trading volumes indicate a bearish divergence formation (4H TF)
The chart is testing 200EMA as resistance on the 4H Timeframe.
The RSI indicator indicates a weakening of the buyers on the 1H TF.
I believe the token could start a correction if it holds below the resistance level.
FXS IDEA! BYBIT:FXSUSDT.P
This is my idea on FXS (if this isn't already the bottom) if we decided to come for another swing down how my chart is drawn up that would be a zone where I would take a trade any day of the week. Now all there is too do now is sit tight in that patience zone, set a few alarms on a few prices, check the reactions of them spots you pick and be ready to execute your plan. If this does not work out that is also completely okay with a 1% loss?
let's get to work!!
Thanks guys.
FXSUSDT seeks breakout opportunity?!!👀 FXS Today Analysis💎At present, FXSUSDT is navigating a descending channel pattern, but there's anticipation of a breakout on the upside.
💎The price is trading within the Bollinger Bands, indicating consolidation, and it's positioned in a high demand area.
💎it's crucial to keep a close eye on the price action and look for confirmation of an upside breakout to consider potential buying opportunities.
💎 In the ever-evolving world of crypto, staying updated and adaptable is key. Stay tuned for more updates and enjoy your trading journey!