Frax Share (FXS) Chart Signals And Patterns

FXSBTC (Frax Share) has a beautiful chart showing an ascending channel and some higher lows...

We have a strong spike on the RSI.
After hitting a higher low it is ready to grow.

We have hidden bullish divergence with the MACD compared to the August low.

Going back to the main chart, yesterday we had a candle challenge EMA50 and today we are looking to close above EMA10 and possibly EMA21 as well, switching the potentials towards the bulls.

We go strongly bullish above EMA50.

With all this being said, keep in mind that the charts can always change.

You need to have a plan/strategy developed before you trade.

This is Alan Santana.
Thanks a lot for reading.
Your support is truly appreciated.

Namaste.

評論:

This is going nicely.