✳️ Frax Share Can Grow Over 100% vs Bitcoin, Short-Term (Fast)

The truth is that Frax Share has already been growing vs Bitcoin (FXSBTC) but it's been only a few days...

Technical analysis?
We have two main signals to look at and then the rest:

1) Notice the ultra long lower wick on the 9-Nov session. This candle works as a very strong reversal signal. It is supported by high volume.

2) Yesterday EMA50 is conquered as resistance with even higher volume compared to 9-Nov. Both these signals precede higher prices.

👉 FXSBTC can easily grow beyond 50% in the coming days (first target) with 109% (second target) being easy as well... The potential is much bigger but that is something for another day.

Once you pick the bottom, the reversal, buy and hold, the market can take care of the rest.
Once we are in the green, all we need do is to let it rest, while it grows.

Namaste.

Comment:

Patience is key.

Here FXSBTC can be seen trading daily above EMA300 and all moving averages, a major bullish signal:

Bullish momentum is about to speed up... Easy to hit will be the two targets mapped on the chart.

Namaste.