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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.
by MyCryptoParadise_Nathan
6
Support zone: 5.360-5.591 (select when to buy)Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (FXSUSDT 1D chart) In the end, you can see that in order for a full-fledged upward trend to begin, it must rise above 17.289. To do so, we must first check if there is any movement to rise above 11.749. As it rises near the HA-Low indicator, it is located above the MS-Signal indicator, near 5.591. Accordingly, we need to see if the price can be maintained near the current position until the MS-Signal indicator switches to a bullish sign. Then, we need to see if we can gather the strength to rise above 6.905 and rise to 11.749. If it falls below 5.360 and shows resistance, caution is needed as it may lead to a further decline. (1h chart) Since it is currently beyond the top of the box section of the 1D chart, it may be burdensome to buy. Therefore, it is necessary to check the movement on the 1h chart to calculate when to buy. Looking at the current 1h chart movement, it is in an upward trend. Therefore, it is not easy to find the right time to buy because it is rising without time to form support and resistance points. Therefore, it is best to wait until the price shows sideways action. If you cannot wait, it is better to wait until at least one wave comes out. For example, since the HA-High indicator is formed at the current location, the movement during wave 1 is checked based on this point. This is because there is a possibility that a movement will occur at the same time, whether it is rising or falling. Otherwise, if you buy right away, you will have to go through all the calm waves, so you may get tired before a full-fledged movement occurs and sell when it starts to show signs of rising. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
FXS/USDT Planning for a Possible Rally | FXS Analysis 💎 Paradisers, brace yourselves! FXS/USDT seems poised for a bullish breakout, potentially tearing away from its downward trajectory to spark a notable ascent. 💎 Recently, this asset has been lingering near a crucial support threshold. With an uptick in trading volume, we're optimistic about a forthcoming bullish transition. 💎 After marking consistent highs, the price underwent a marked decline, signaling a shift in market sentiment and prolonging its bearish journey. 💎 However, bullish indicators are starting to resurface, and we project the price will soon approach the looming supply zone. 💎 A word of caution: If the price plunges beneath the support amidst market unpredictability, gear up for a potential bearish swing. 💎 Stay engaged for further insights!
Long
by MyCryptoParadise_Simon
FXS/BTC - Frax Share: SuperTrend Resistance_Breakout_Confirmatio◳◱ We have successfully identified two favorable trading patterns, namely the Super Trend and the Resistance Breakout, on the CRYPTOCAP:FXS / CRYPTOCAP:BTC chart. Both of these indicators are signaling a bullish trend, with the Super Trend indicating a sustained uptrend and the Resistance Breakout confirming this sentiment by surpassing a key resistance level. Given the alignment and convergence of these powerful signals, it is highly advisable to consider entering a long position with ambitious profit targets. Our meticulous analysis reveals that key resistance levels are present at 0.00020233 | 0.00021426 | 0.00023829, accompanied by significant support zones at 0.0001783 | 0.0001662 | 0.00014217. However, it is essential to exercise prudence and consider other crucial factors, such as overall market conditions and additional technical indicators, before finalizing any trade decision. ◰◲ General info : ▣ Name: Frax Share ▣ Rank: 91 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category/Sector: Financial - Stablecoins ▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00019968 ₿ ▣ 24HVol: 0.644 ₿ ▣ 24H Chng: 3.504% ▣ 7-Days Chng: 2.92% ▣ 1-Month Chng: -6.84% ▣ 3-Months Chng: -36.01% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00020233 | 0.00021426 | 0.00023829 ◢ Support: 0.0001783 | 0.0001662 | 0.00014217 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.45 ▣ Last 90D: -1.77 ▣ Last 1-Y: 0.65 ▣ Last 3-Y: 0.70 ◲◰ Volatility : ▣ Last 30D: 0.91 ▣ Last 90D: 0.83 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 21.80 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth FXSBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
#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! 🌴
Long
by MyCryptoParadise
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.
Long
by fusfamily
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!
Long
by MyCryptoParadise_Simon
FXSUSDTFXS entered a descending channel on February 8th, which was confirmed by several upward and downward touches within this channel. However, recently the price broke below the trendline and we are witnessing a consolidation below the trendline, indicating a more bearish market trend. Within the range of $4 to $4.30, we have a strong support line that has acted as support multiple times and caused price increases. This range can be a good opportunity for short-term entry and buying, and it has the potential to change the overall trend. However, overall, I am not optimistic about the market these days, and I expect further decline for the market, especially for altcoins. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
2
Emerging OpportunitiesFXS has exhibited a distinct bearish trend over the course of the previous month. Following the breach of the lower channel support, its price descended precisely to the channel's bottom. However, it displayed a favorable response near the $6 price level, indicating potential signs of a trend reversal in the daily timeframe. This retracement can be interpreted as a corrective wave within the ongoing downtrend. Nonetheless, the support at $6 is expected to hold due to the robust reaction observed in the past when approaching this level. A potential rebound could result in a positive response within the $6.60 range. Consequently, the short-term and medium-term targets for this currency can be identified within the price ranges of $7.95, $8.25, $9.10, and $9.65.
by MonoCoinSignal