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
FXS
/
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 -
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 -
Trade active:
Binance
#FXS/BTC Take-Profit target 1 ✅
Profit: 3.0045% 📈
Period: 1 Hours 27 Minutes ⏰
#FXS/BTC Take-Profit target 1 ✅
Profit: 3.0045% 📈
Period: 1 Hours 27 Minutes ⏰
Trade active:
Binance
#FXS/BTC Take-Profit target 2 ✅
Profit: 5.006% 📈
Period: 2 Hours 14 Minutes ⏰
#FXS/BTC Take-Profit target 2 ✅
Profit: 5.006% 📈
Period: 2 Hours 14 Minutes ⏰
Trade active:
Binance
#FXS/BTC Take-Profit target 3 ✅
Profit: 7.3413% 📈
Period: 2 Days 1 Hours 51 Minutes ⏰
#FXS/BTC Take-Profit target 3 ✅
Profit: 7.3413% 📈
Period: 2 Days 1 Hours 51 Minutes ⏰
Trade closed: target reached:
Binance
#FXS/BTC All take-profit targets achieved 😎
Profit: 12.5929% 📈
Period: 1 Months 3 Days 18 Hours 14 Minutes ⏰
#FXS/BTC All take-profit targets achieved 😎
Profit: 12.5929% 📈
Period: 1 Months 3 Days 18 Hours 14 Minutes ⏰
#FXS/BTC Take-Profit target 4 ✅
Profit: 9.098% 📈
Period: 3 Days 0 Hours 58 Minutes ⏰