FXS long FXS bounced off the lower boundary of an ascending channel. A bullish movement to the upper boundary is expected to happen.
FXSUSDT trade ideas
FXS Growth Spurt: Buy Your Ticket to Profit!"## FXS Coin (Frax Share) - Fundamentals, Recent News, and Disclaimer
**Please note:** This information is for informational purposes only and should not be considered investment advice. Do your own research before making any investment decisions.
**Fundamentals:**
* **Frax Protocol:** FXS is the governance token of the Frax Protocol, a decentralized finance (DeFi) platform that aims to create a stablecoin ecosystem with algorithmic and collateral-backed options.
* **Unique Value Proposition:** Frax distinguishes itself by using a hybrid stablecoin system that combines algorithmic and collateral-backed approaches, aiming to achieve greater stability and flexibility than purely algorithmic or purely collateralized systems.
* **Token Utility:** FXS holders can stake their tokens to earn rewards, participate in governance voting, and accrue fees generated by the protocol.
* **Supply and Distribution:** FXS has a hard cap of 100 million tokens, with no inflation schedule.
**Recent News:**
* **Increased Trading Volume:** FXS has seen a significant increase in trading volume in recent weeks, suggesting growing interest in the project.
* **Frax v3 Launch:** The Frax Protocol recently launched its v3 update, which introduces new features like dynamic fees and improved capital efficiency.
* **Growing Ecosystem:** Frax is partnering with various DeFi projects and platforms, expanding its reach and utility within the DeFi space.
* **Community Developments:** The Frax community is actively engaged in development and governance, suggesting strong long-term support for the project.
**Disclaimer:**
* Investing in cryptocurrency carries inherent risks, including the risk of losing your entire investment.
* The past performance of a cryptocurrency is not necessarily indicative of its future performance.
* You should carefully consider your own financial situation and investment goals before investing in any cryptocurrency.
* This information is not a recommendation to buy or sell any cryptocurrency.
**Additional Resources:**
* Frax Finance website: (frax.finance): (frax.finance)
* CoinMarketCap: (coinmarketcap.com): (coinmarketcap.com)
* CoinGecko: (www.coingecko.com): (www.coingecko.com)
Remember, investing in any cryptocurrency, including FXS, requires careful research and due diligence. Make sure you fully understand the risks involved before making any investment decisions.
FXS/USDT Facing on the supply area. This time will break out ?💎FXS has recently demonstrated notable market dynamics. Currently, it is encountering a significant supply area, and historical data indicates that FXS has consistently faced rejections at this level.
💎 However, if FXS manages to successfully break through this supply area, it could trigger a bullish momentum, leading to a substantial upward movement, potentially reaching our intended strong resistance zone.
💎 Conversely, if FXS fails to breach the supply area, there is a possibility of a price rejection, resulting in a descent towards the support area or even the demand zone.
💎 The demand area holds paramount importance, as it necessitates a rebound to facilitate another attempt at breaking through the supply area. However, if FXS is unable to sustain its position within the demand zone, signifying a breakdown, this could indicate a bearish trend reversal, with FXS resuming its downward trajectory, possibly reaching lower levels.
Bearish on $FXS1. We are at daily OB-
2. We have market structure shift.
3. We have our entry OB- respond well to price.
4. We have our draws as the sellside liquidity and OB+
A bear attack on FXS will beginAccording to the wave count of the FXS chart, we have two scenarios that we must say right here that both scenarios involve drops.
The first scenario is to face a triangle and the second scenario is to face a symmetrical or diametrical one.
Whichever of these scenarios is going on, the red range is the range where we are looking for sell/short positions.
We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FXS/USDT Break out the Supply or Back to the demand area ??💎 FXS has recently experienced notable shifts in the market. A week ago, FXS faced a robust rejection upon reaching the Bearish OB area.
💎 The current scenario suggests the possibility of FXS resuming an upward climb to retest the supply area. A successful breakout at this juncture could instigate a bullish momentum, propelling FXS upward significantly and the probability aiming to reach our targeted strong resistance area.
💎 Conversely, if FXS fails to break out, not revisiting the Bearish OB, the price may retreat to the demand area, initiating a new momentum.
💎 The demand area holds immense significance, necessitating a bounce to make subsequent attempts at breaking out the supply and Bearish OB areas. A breakdown at the demand zone signals a bearish turn for FXS, leading to potential downward movement and a return to the robust demand area.
FXS/USDT Could the support area sustain the price and bounce ?💎 FXS has notably captured market attention, but its current state raises some concerns. FXS has returned to a retesting phase at the support area, and this development is worrisome as FXS recently only managed to consolidate above this support level. There's a risk that FXS might break down below the support, potentially confirming a false breakout.
💎 However, there's a silver lining: if FXS, upon returning to the support area, manages a strong bounce, it could pave the way for a resumption of its upward trajectory, with probability aiming for our target in the bearish OB area.
💎 Should a false breakout be confirmed, FXS's path might be directed downwards, heading back toward the support area. At this juncture, a robust recovery is essential. FXS needs to demonstrate a strong bounce and reclaim the resistance to continue its upward movement. Failing this, there's a possibility that FXS might extend its downward trend, potentially breaking down below the support level and moving towards a stronger demand area.
FXS/USDT upward momentum from demand? 👀🚀FXS Analysis💎 Paradisers, keep a close eye on #FXSUSDT, which is currently signaling a potential bullish breakout from its support zone.
💎 #FraxShare is demonstrating a significant upward trend. There's a strong anticipation of a bullish movement from its current demand level. If #FXS can maintain its strength above the $8.288 mark, we could witness a promising push towards the formidable resistance at $12.044.
💎 If #FXS encounters hurdles in sustaining its position above the $8.288 demand level, a strategic shift might become necessary. In such a scenario, our attention would pivot towards a bullish momentum originating from a lower support level at $7.529.
💎 Keeping a watchful eye on this level is crucial, as a drop below it could necessitate a strategic shift, indicating potential challenges in upholding a bullish trajectory in the #FXS market. 🌴💰
FXS longFXS bounced off the lower boundary of ascending channel. Bullish movement to resistance level at 9.26 is possible.
FXS great opportunity ifBearish divergence on the W tf, if the price tags 7usd i think it is a good buy opportunity, expecting the price to test at least 50% of those W bearish breakers, supply.
~~ NFA
FXSUSDT - BULLISH OUTLOOKFXSUSDT is currently indicating a bullish trend on the Daily Time Frame, suggesting a potential continuation of the upward momentum. Additionally, a bullish divergence on the 1-hour time frame supports the optimistic outlook.
For entry, consider a price zone between $8.70 and $8.00, with a carefully placed stop loss at $7.89 to manage potential risks effectively.
The take-profit levels are structured as follows:
Take Profit 1 (TP1): = $9.50
Take Profit 2 (TP2): = $10.30
Take Profit 3 (TP3): = $11.10
Take Profit 4 (TP4): = $11.90
Take Profit 5 (TP5): = $12.70
This setup integrates structured profit-taking at different levels, providing a balanced approach to potential market movements. Continuous monitoring of price action is recommended, allowing for adjustments based on evolving market conditions.
FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.
FXS shortFXS broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 8.01 is possible.
Daily review and analysis of FXS chartsAccording to the chart, we can see that the structure has changed from bearish to bullish. One of the signs of this is the creation of higher floors and the breaking of the resistance level around $7.118 and its high stabilization. which caused the level of demand to be created in this range. that when the price returns to the range of $7.118, you can enter into buying transactions and stay in the transaction until the specified target. And if the supply level of $13.556 is lost, we can expect higher targets. We must note that in the case of a close candlestick below the price range of $7.118, this analysis is invalid.
FXS longFXS broke trough off the upper boundary of descending channel. Asset broke trough off the resistance level. Bullish movement to resistance level at 9.3 is expected to happen.
FXSUSDT - BULLISH OUTLOOKFXSUSDT is presenting a potential trading opportunity based on a bullish divergence observed in the 1-hour timeframe, suggesting a continuation of the bullish trend. Here's a concise analysis and trade plan:
Entry: Consider entering a long position at the current market price (CMP) of $8.50.
Stop Loss (SL): Set the stop loss at $7.95 to manage potential downside risk.
Take-Profit Level:
TP 1 @ 1:1 = $9.05.
This trade plan is designed to capitalize on the identified bullish divergence in FXSUSDT, providing a potential opportunity for a bullish trend continuation. The entry, stop loss, and take-profit levels are outlined for a clear and systematic approach to trading. As always, staying informed and adapting to market conditions is crucial for successful trading.
FXSUSDTI have taken a Long position on FXS, and this is my own idea. This trade is executed on Bybit.
FXSUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement (marked as xxxx).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. same idea Ive always been using.. just a trade idea, not financial advise
22% long positionHello
As you see a wedge is existing and if it broken up time to buy it and get 22 %.
Be aware of SL/TP.
FXS longFXS is bouncing off the support level which is also matching with the Fibonacci 0.618 retracement level. Bullish trend is expected to continue up to 8.95.
