✴️ Frax Share | On A Path Higher, Confirmed (500-426% Potential)

14 בנוב׳ 2023

Yesterday Frax Share (FXSUSDT) hit a new high as it broke above EMA300. Its highest level since May 2023.

Today Frax Share is growing above EMA300, full green with rising volume and a strong RSI. This is what we can gather by looking briefly at the chart but there is more, additional strong bullish signals.

Frax Share produced a triple bottom pattern last year, October, November and December 2022 were marked by v shaped bottoms. This year we have a long-term bottom formation as a strong higher low, the bottom sequence started to develop in June and was confirmed in October 2023, that's 5 months to produce a bottom.

This long-term formation is set in stone once confirmed.
This bottom low is confirmed as prices moved above MA200 and EMA200 a while back..

Once the correction is over, a new bullish wave can develop.
👉 The correction being a higher low leads to a higher high and this opens the doors for 45 and 39, that is 504% and 426% short-term.

The potential is great. My intuition tells me that this pair will be really strong in its bullish wave.

Namaste.