In a good spot for a recovery play This is a linear/regular chart Which I don't often show but what mainstream TA guys look at FRAX is DEFI DEFI is not sexy right now But it is a key part of the Ethereum use case as that chain has more TVL than any other and real world assets are most likely to be stored on ETH stablecoins. tokenised treasuries,...
Hope to see this one fly. Remained almost green at today's lil' dump at important resistance level, which is a really good sign imo. Hopefully this week closes above the wicks of the last weeks
Frax Share (FXSUSD) is about to form a 1D Golden Cross, the 2nd such pattern within the 11-month Triangle. The first rose to a 2.0 Fibonacci extension High on February 09. A 2.0 Fibonacci rise on the current sequence from its last High would take the cryptocurrency to 10.000, on a potential contact with the 1D MA100 (green trend-line), the first since April...
The Frax Protocol is the first fractional-algorithmic stablecoin system. Its FXS governance token analysis is straightforward: an impulse wave followed by corrective wave which seems ended at 0.618 Fibonacci retracement. Then price consolidated in a box for a long time and finally breaks upward. Let's see if FXS can breaks the major downtrend line.
Frax Share has crossed over the 8 month Falling Resistance for the 2nd time in 2 weeks. If a (1d) candle closes over it, it most likely is an indication of the start of a new uptrend. Trading Plan: 1. Buy upon a (1d) candle close over the Falling Resistance. Targets: 1. MA200 (1d). 2. 7.0000 (Resistance 1). Tips: 1. The MACD (1d) is about to form a Buy Cross...
When trading, doubt can cost you money. Why does doubt can affect you? Why can doubt creep in? The only way for doubt to affect you and create fear that leads to negative action, is if you are ill-prepared. Without the right preparation, doubt can creep in and bears will tell you it is the end of the world when in reality nothing has changed. Here is how you...
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...
FXS might be about to break out of a very long consolidation at the bottom with targets around $6.09 and then near $23.34 I do not know what #FXS does or what actually this is. It just looks awesome chartwise.. maybe NFA
Overwatch and TrendmasterS keeping the results coming, Mangling Fraxshare here. Overwatch Divergences giving a prior indication for the next moves. The instruments all perform differently on the overwatch, Knowing how each instruments performs on the overwatch is critical to understand. For example, FXS sometimes prints clean divergences and sometimes multiple...
Setup: FXS has been consistently making all time low. It has consolidated before breaking down again, giving us a good entry. Entry: 8.2175 Exit: Trail using the SAR, which is coincidentally above the 20 EMA which FXS has not broken for quite a long time.
had a quick look at fxs usd might be a short set up here for a 20% move ....
Looking for re-entries... Retested previous highs, same criteria as when we entered before - check previous idea...
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
#FRAX, un parfait cas d'école ! So far, the FRAX SHARE Trading Strategy has been applied perfectly. Detection of the "Cup with Handle" pattern, Buy Entry on the Breakout with Re-Test of the Handle, and then followed by an Uptrend Rally to reach the Minimum Target Prices, for both pairs #USD and #BTC. Here is in a few words the difference between the 2 values: 👉...
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.