FXS bounced off the lower boundary of an ascending channel. A bullish movement to the upper boundary is expected to happen.
Frax is squeezing below the trendline and should break it in 1-2 weeks. Additionally, the mod of the triangle becomes a support for this altcoins. 💥the pump will be huge because its fresh altcoins with a huge growth potential. It hasn't pump before, so it gives us additional confidence that this altcoin will show its potential during the bull market. like❤️ and...
CRYPTOCAP:FXS broke through the descending trendline. Bullish movement to $6.14 is expected to happen.
CRYPTOCAP:FXS broke through the support level and the ascending trendline. Decline to $4.94 is expected to happen.
CRYPTOCAP:FXS is breaking through the major resistance level on the daily chart. CLose above 6.68$ will lead to potential, bullish movement up to 8.4$
CRYPTOCAP:FXS bounced off the support level and an ascending trendline. Bullish movement to resistance level at $6.89 is expected to happen.
I want to share my thoughts on the current situation with stablecoins, specifically USDC, DAI, and FRAX. It is my belief that if USDC were to collapse, DAI and FRAX would follow suit, causing a significant crash in the entire crypto market. Recent developments support this concern. Binance has paused the automatic conversion of USDC to BUSD due to high inflows...
Hey guys, Silicon Valley Bank contagion is spreading fast, this resulted in heavy depegs of USDC , DAI, FRAX. 10%-20% losses currently rebound in progress, but not sure that the worst is over yet. USDC holds a circulating supply of around 40 .9 billion while its market cap declined to stand at $35.4 billion. The deficit between the dollar pegged value and current...
FRAX 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...
#FXSUSDT - Short Scalp Opportunity Entry Conditions: - Rising wedge break down - Longer term trendline break out and retest expected - Overbought on the RSI - Buearish impulse down
Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. (Investopedia) This graph shows...
FXS Frax Share FXSBTC pair Expected Move - fxsusdt fxsbusd
You may be tempted to FOMO into Frax Shares, but check out this resistance, 10% left to go and it will be hit. The last time the price was there it was rejected and pushed to form another all-time low! Best to be cautious here and not FOMO just because you see a green candle. Wait for a breakout at least. Bias is mildly bullish, but a break of resistance is...
See chart. Yellow area is a potential buy zone, but even so, exercise patience as this bear market is still searching a bottom.
Will the Altcoins detach from Bitcoin? Or will they grow together? We are seeing many Altcoins printing strong bullish charts... They are moving up. This can be taken as a bullish signal for the entire market, as the Altcoins grow, everything grows. Be aware though, there will be another flash shakeout soon in between the multiple price jumps. ... Now, let's...
Looking for re-entries... Retested previous highs, same criteria as when we entered before - check previous idea...
Have been loving frax share token... here on a log scale, have been eyeing up re-entries, have noticed large volume the last 30minutes buying in at this level, by the time i have published the idea some larger candles have printed for more confirmation. enjoy.
Frax Share broke out bullish locally and looks ready for another leg-up that pull-back. FXS is not only a DeFi token but also a member of the Avalanche Ecosystem! It works as a governance for the Frax Protocol, which is the first fractional-algorithmic stablecoin system (FRAX). Current Price= 0.00012369 Buy Entry= 0.00012395 - 0.00011715 Take Profit= 0.00014456 |...