$FXS The bulls are trying to take control of the situation. A retest of strong resistance 5.866 is forming and is currently sandwiched in a local range between the previously broken wedge boundary and between resistance 5.866.  

Against the backdrop of strengthening $BTC  , $FXS  price is also growing and currently stands at 5.750. SMA50 was also broken earlier.  The main goal for the buyers is to consolidate above the wedge or above the level of 5.866 after its breakout. After that, we are likely to see a strengthening towards 6.960 and even to 8.800. 

I expect that the bulls will be able to hold their positions. If it succeeds, the coin will start to rise to 6.959 

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