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SNX

SNX/USD: BULLISH SET UPSNX (Synthetix Network) Binance Chart Ichimoku : The lagging span was blocked by the candle. Price still below the cloud so trend still bearish. However Kijun and Tenkan as support And Trend line : was broken which shows some signs of reversal. Price now retesting the trend line, could bounce and start an uptrend. Targets: Fibo extensions on the chart How to play it? You could enter now with a stop loss just below the trend line (about 18.40) OR wait for the price to be back above the cloud and the lagging span to break the trend line. With the 2nd option you'll miss a part of the move but the change of trend will be confirmed. Trade safe
BINANCE:SNXUSDLong
by Elpidaldo
SNX/USDT BreakoutSynthetix (SNX) - Daily Log Chart A Protocol For Trading Synthetic Assets On Ethereum. Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
5
More AccumulationAfter falling from the ascending channel at the end of Feb, I thought it would climb back up into the channel on Mar09, indicated by the 2 blue arrows, but alas, like my ADA plan, this is going equally splendidly. In a sideways “accumulating” movement (translate, don’t sell at a loss), it has formed a bullish descending flag. Looking at the MacD day timeframe, it looks like a continued “accumulation” till a breakout and a positive green day MacD. My thoughts, not advice Oklah. Cheers
by wildboar8
3
SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SNXUSDT brokeout above the double bottom (DB) neckline resistance (NR). - The market hit an ATH and retraced. - Price retested the key fibonacci retracement zones (0.5 - 0.618 - 0.786). - A daily timeframe bullish pin bar (BPB) was formed at the retest area. - Price action is printing a pennant pattern (PP). - A pennant pattern is a trend continuation pattern. - A bullish trend continuation pattern in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the pennant pattern's (PP) inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's (PP) inclined support.
Long
by Chibuike_Odoh
🆓Synthetix Network/USDT Analysis (18/3) #SNX $SNXThe buying force has appeared at the 18-19$ zone and this may make a new rally on SNX up to 52$ zone. SNX is really promising to be invested. 📈BUY -Buy: 18-19$. SL if B -Buy: 21.5-22.5$ if A. SL if B -Buy: 25.5-26.5$ if A. SL if B 📉SELL -Sell: 21.5-22.5$. SL if A -Sell: 25.5-26.5$. SL if A -Sell: 35-36$. SL if A -Sell: 51-53$. SL if A ♻️BACK-UP -Sell: 18-19$ if B. SL if A -Buy: 11-12$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation