TradeCityPro | FXS : Signs of a Bullish Momentum Surge👋 Welcome to TradeCityPro!
In this analysis, I will evaluate the FXS token. This token belongs to the Frax project, which is considered one of the most comprehensive protocols in DeFi. It could be a strong investment for a bullish market portfolio.
📅 Weekly Timeframe: Early Signs of Bullish Momentum
On the weekly timeframe, we observe significant selling pressure right from the beginning of the chart. This selling pressure has driven the price down twice: once from the 38.917 resistance to the 4.468 support, and again from 11.859 to 1.613. Notably, this is one of the few coins that has yet to revisit the lows it formed in early 2023.
📊 Despite the significant decline, market volume has consistently increased, and overall, buying volume has been greater than selling volume.
📈 Currently, in line with Bitcoin’s upward movement, FXS has also rebounded from its 1.613 low and climbed to the 4.468 zone. This upward movement occurred after breaking the 34.90 resistance on the RSI, which introduced considerable bullish momentum into the market.
✅ If the 4.468 resistance is broken, the next targets are 7.515 and 11.859. These two resistances mark the goals for the next upward movement if it continues, with 11.859 being a key critical resistance for this coin.
🚀 Breaking the 11.859 resistance will be challenging. However, if the market gains substantial momentum, FXS could break through all resistances with a large bullish candle and head towards higher targets. On the other hand, a gradual and steady approach towards this level would make breaking it significantly harder.
🔼 If this resistance is broken, additional bullish momentum could enter the market, enabling the price to move towards the 38.917 zone and potentially reach new all-time highs (ATH).
🔍 To explore more scenarios, let’s examine the daily timeframe for detailed insights.
📅 Daily Timeframe: Struggling Against Key Resistance
In the daily timeframe, the latest upward movement in price is visible in more detail. As seen, after the last touch at 1.613, there was a massive and notable increase in buying volume. However, upon reaching the 4.819 resistance, a Blow Off candle was formed, marking the end of this trend’s upward leg.
📉 Currently, the price is in a corrective phase and has fallen below the 3.97 zone. If the correction continues, there is a significant resistance zone close to the 2.346 support level that I’ve highlighted. Should the RSI stabilize below the 53.46 support level, the likelihood of a deeper correction will increase.
🧩 Conversely, if the 4.819 resistance is broken, we could expect another rally for the price. The targets for this rally have been identified in the weekly timeframe analysis
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Fxsusdt
#FXSUSDT: Will This Be the Breakout We've Been Waiting For?Yello, Paradisers! Will this be the breakout of #FXSUSDT that investors have been waiting for? Let's discuss the latest analysis of $FraxShare:
💎After 4-5 months of a slow and steady downtrend, #FXS is finally approaching a critical turning point. The price is now testing the upper boundary of a Descending Channel, thanks to a strong bounce from the major demand zone at $1.86. But the question is—can the bulls sustain the momentum and spark a true rally?
💎To ignite this breakout, #FraxShare needs to clear a key hurdle at $2.69. This level, which previously acted as strong support on two occasions, has now turned into a resistance that must be overcome. If we see a breakout above this zone, confirmed by increasing trading volume and the 20 EMA, it could signal that the bulls are ready to take control and push higher. If this happens, get ready for a potential surge toward the next major resistance level.
💎However, if momentum falters, we might see a pullback toward the crucial support zone around $1.86, potentially retesting the breakout level. Should the price fail to hold here, trouble could be brewing, with #FXSUSDT possibly sliding back down to test the $1.50 support level.
💎The real risk lies in a break below $1.50. If this support gives way, the bears will likely seize control, leading to a deeper correction and dashing any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
FXS- BULLISH MOMENTUMClear Path for Long Positions Until January 20th
We have a green light to focus on long setups leading up to January 20th, but emotional Discipline is critical—avoid letting euphoria or emotional demons dictate your decisions.
BINANCE:FXSUSDT is a standout candidate for a strong rally based on my criteria:
Monthly and Weekly Structure supported by FVG (Fair Value Gaps).
PMH and PML (Previous Monthly High/Low) being disrespected.
PWH and PWL (Previous Weekly High/Low) being disrespected.
PDH and PDL (Previous Daily High/Low) being disrespected.
4H Swing Highs and Lows also being disrespected.
At this moment, I see no valid reasons to adopt a bearish stance. The primary risk lies in potential liquidity spikes. To mitigate this, a solid Stop Loss is essential to safeguard your position and allow for re-entry if price action justifies it.
Risk-to-Reward Ratio: 9.53
Stay focused and protect your trades.
#FXS/USDT#FXS
The price is moving in an ascending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.80
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.11
First target 2.50
Second target 2.82
Third target 3.21
#FXS (SPOT) entry range( 1.600- 2.050) T.(6.440) SL(1.501)entry range ( 1.600- 2.050)
Target1 (2.870) - Target2 (3.440)- Target3 (5.190)- Target4 (6.440)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (1.501)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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FXS ANALYSIS🚀#FXS Analysis : What Next ??💲💲
✅As we can see that there was a formation of "DESCENDING CHANNEL PATTERN" in #FXS and given a breakout. Right now #FXS is trading in a parallel channel. We are expecting around 80-100% bullish move after a good breakout📈
🔰Current Price: $4.642
🎯 Target Price: $9.600
⚡️What to do ?
👀Keep an eye on #FXS price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#FXS #Cryptocurrency #TechnicalAnalysis #DYOR
🚀FXS: A Potential Skyrocket Waiting to Launch 🌕📈 FXS has been in an accumulation phase since June 2022, consolidating within a green rectangle range. With a tiny circulating supply of just 78,825,942 FXS, this crypto could be primed for a massive upside move.
💣 Once FXS breaks out from this accumulation range, it could potentially explode to new heights, with targets of $22-$24 in sight. However, the timing of this breakout remains uncertain, so patience is key. ⏳
🚀🚀 Red Lines and White trends are our targets.🚀🚀
✨ While the upside potential is enticing, it's crucial to do your own research (DYOR) and manage your risk accordingly. Dollar-cost averaging (DCA) into FXS could be a wise strategy for those willing to hold through the volatility.
🎰 Good luck to those who decide to take a chance on this potential crypto gem! May the odds be ever in your favor. 🍀
In summary, FXS presents an exciting opportunity for patient investors willing to weather the accumulation phase. With its tiny supply and potential for a massive breakout, FXS could be a rocket ship waiting for liftoff. 🚀 DYOR, DCA, and buckle up for a thrilling ride!
FXS Expanding T-Pattern Analysis: Potential Breakout and Grow?!🍣📈This analysis examines the expanding triangle pattern formation and assesses the potential for a breakout and subsequent price growth.
📈Expanding Triangle Pattern:
An expanding triangle pattern has been identified, characterized by rising highs and falling lows.
This pattern indicates a buildup of market indecision and uncertainty.
📉🔺Breakout and Resistance Levels:
A breakout above the daily resistance level could signal a bullish trend reversal and potential for further price appreciation.
The next daily resistance level would then become the target for the upward movement.
📊🔺RSI Confirmation and Volume:
A break above the RSI trendline would provide additional confirmation of the bullish breakout.
Increasing trading volume alongside the breakout would indicate strong momentum and support the upward trend.
⛔Important Considerations:
False breakouts are a possibility with expanding triangle patterns, and traders should exercise caution.
🔽Additional technical indicators and market sentiment analysis can help validate the breakout and provide trade entry and exit signals.
🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.🚫
#Fxs#Fxs
The price has broken the descending blue resistance line on the screen
The price has always rebounded over the course of the year
Now the price is heading upward after retesting the trend
On the MACD indicator, we see saturation and a breach of the zero line
Buying areas are at the area marked in blue, in the price range of 5.05 to 5.30
The goals will be $10 to $11 $
FXS has broken above the channel bandFXS has broken above the channel band, it will continue to go up
🔵Entry Zone 9.100 - 9.583
🔴SL 7.998
🟢TP1 10.680
🟢TP2 11.868
🟢TP3 15.280
🟢TP4 17.298
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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FXS/USDT bullish horizon ascending channel? 🚀FXS Analysis💎 Paradisers, focus on #FXSUSDT as it climbs within an ascending channel, primed for an impactful surge from its demand zone
💎 #FLAXSHARE has recently hit a wall at $8.346, triggering a pullback. From the support of the ascending channel and having gathered downward liquidity, it's now showing robust momentum marked by striking green candles, hinting at a forthcoming leap over resistance. Keeping up this pace could ignite a notable bullish rally, breaching critical resistance points.
💎 In the ever-evolving crypto landscape, the ability to pivot and adapt strategies is key. Should #FXS face challenges at this pivotal demand zone, a strategic shift might be in the cards. Anticipate a bullish rebound from the alternative demand level at $6.814, with a descent below this threshold potentially signaling further declines.
FXS is a rocketThe FXS structure is now clearer and we have more data on the chart.
It seems that we are in wave D of a big pattern. This is a bullish wave.
To be more precise, we are now at the end of wave b of D.
We should soon enter wave c of D, which is a good bullish wave.
Closing a daily candle below the invalidation 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 Speculative TradingBelow is a speculative deal on FXS/USDT.
After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level.
As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times.
Such price movements can provide opportunities to enter the market.
At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
FXS can potentially go up after rejection from the support zoneFXS can potentially go up after rejection from the support zone. There is also a possibility of consolidation at the support zone before it goes up.
🔵Entry Zone 8.524 - 8.210
🔴SL 7.636
🟢TP1 8.921
🟢TP2 9.826
🟢TP3 11.849
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
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.
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. 🌴💰