SNX Synthetix Network Token Trendline - snxbtc snxusdt snxusdSNX Synthetix Network Token Trendline - snxbtc snxusdt snxusd
SNXUSD
Synthetix about to go Supernova. SNXUSDOn the Binance chart, it just looks like have too many started fractals to count. I have confirmed pivot (blue line), so all this potential growth is that much more real. Yet, still in early stages confirmed by 1-2 1-2 patterns. I suppose my preliminary goals would by first W1max then FibExtensions at 1.4 then 1.6. Either way, strong evidence that we are going up on this one. Some preliminary targets are painted in in green, and invalidation in red as always. Good luck, traders - and remember nothing I ever say is financial advice. Do your own work and make up your own mind.
✳️Synthetix Network/USDT (1/11) #SNX $SNX #SNXUSDTAfter breaking the Descending Triangle pattern, SNX is now heading to the 1.5$ zone. However, there is likely to be a significant buying force in the 2.5-2.75$ zone and we can believe in for target 3.5$.
If the 1D candle closes above the 3.5-3.75$ zone, the SNX easily rises to the 5$ zone.
📈BUY- LONG Strategy
- Buy: 2.5-2.75$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 3.5-3.75$. Stoploss if A
- Sell: 5-5.25$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 2.75-3$. Stoploss if A
- Buy: 2.5-2.75$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Synthetix SNXUSDT - Rectangle and bearish triangle- Looking terrible for this alt coin
- The price is currently moving sideways, forming this bearish rectangle - continuation pattern
- The price is below 2 trend lines, which is bad
- Expecting lower prices in short term
If you want more of these ideas, please hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
Snx/usdt break support level soon ?Snx/usdt tested this strong support 4 times before
And every time it touched it ...it give good bounce
Now its the 5th time and i expect it will break the support this time as repeated test same support makes it weaker
Also btc Dominance now is in increase and this one can do good profit in shorting
Wait close below that level if looking for more confirmation and short when retest as a resistance
Next potential support the can give some bounce is around 2.9$ - 2.7$
SNXUSDTSNXUSDT brokedown below the descending triangle support.
Bearish signal ⬇️
RSI breakdown confirmation 🔽.
Synthetix SNXUSDT - Descending triangle is breaking down!- Looking very bad for SNX coin right now
- The descending triangle is already broken, so we can expect much lower prices in the immediate short term
- You can profit by using futures market (short position)
If you want more of these ideas, please hit the like button and follow me, so you don't miss any update!
Also, check my signature down below ↓
Synthetix SNXUSDT - descending triangleYou can short SNX on crypto futures market, if you want to profit from upcoming crash. There is an descending triangle, which is a bearish pattern. Also, the major trend line is broken and bulls could not defend the trend line.
Please, hit the like button and follow me for more of these ideas!
Also, check my signature down below ↓
Speculative SNXUSDT longAlthough lower timeframe presents a lower high, this is a very speculative long based on:
Support from a 2W high
Using Binance Funding and Premium Index as a leading indicator
Importantly, DXY not pumping
SNX Buy opportunityat this time, SNX will be short to 4$ area, after that 4$ area could perfect for long to 6.5$
let's see what's happens?
plz share & comment your opinion here.
if you like this, i appreciate to following for viewing my next analysis.
Synthetix Technical Analysis: SNX Flips Resistance Into Support
Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00.
SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario.
Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow amid the downtrend in the market. Synthetix cut short the recovery staged following the dip in the first week of September. A step above $6.00 was key for the bull run towards $10.00 but it found the bulls exhausted and the bears ready for revenge.
The declines followed the confines of a parallel descending channel. Support at $3.40 came in hardy, preventing the bearish leg from extending to $3.00. A reversal is currently underway. SNX has already stepped above $4.00, support confirmed earlier in September. Moreover, the DeFi token trading above the parallel channel, after a bullish flag confirmation.
The uptrend is highlighted by the Relative Strength Index (RSI), after a sustained recovery from the oversold region. If the RSI maintains the positive gradient into the overbought zone, SNX is likely to continue with the uptrend aiming for levels above $5.00.
The resistance at the 50 Exponential Moving Average (EMA) must, however, come down for the expected gains to materialize. More hurdles are envisaged at the 100EMA in the 4-hour range. On the flip side, short term support at $4.00 must be guarded at all costs. Otherwise, SNX could resume the downtrend, eyeing $3.00.
Synthetix Intraday Levels
Spot rate: $4.25
Relative change: -0.025
Percentage change: -0.8%
Trend: Bullish
Volatility: High
SNXUSDT:Good opportunity for LongAt 12H, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud .
At H3, the cloud is directing downward, indicating a price correction at the 12H timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying SNXUSDT when the RSI reaches the oversold level near the 61.8% Fibonacci level and take the profit near the level of $ 9.
SNX Synthetix Network Token 4hr Chart - SNXBTC SNXUSDT SNXUSDSNX Synthetix Network Token 4hr Chart - SNXBTC SNXUSDT SNXUSD
Synthetix Network Token (SNX) Respecting the SupportStrong possibility of bullish trend.
Keep an eye
SNX/BTC +1010% Cup & Handle HopiumA "mini" Cup & Handle thingo seemed to play out hitting the 361.80% fib for an approximate +1000% gain.
A giant Cup & Handle thingo seems to have formed on much larger timeframe,
very similar in price and volume formation, will it play out for another +1000% gain?
All higher timeframe momentum oscillators also looking strong.
Lettuce pray for this meme.
Happy trading :)
