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Frax Share (FXS)

117
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.
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snapshot

So, FXS is still trying to break the major downtrend line. Let's see what happens.
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snapshot

FXS broke the major downtrend line.
SaeedSalehinia
Chart PatternsCryptocurrencyfraxsharefxsTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsCryptocurrencyfraxsharefxsTrend Analysis
SaeedSalehinia

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.