Synapse shortSynapse bounced off the resistance level. Asset bounced off the descending trendline. Bearish movement to support level at 0.715 is possible.
Synapsesignals
Synapse longSynapse bounced off the support area. Asset broke through the descending trendline. Bullish movement to resistance level at 1.125 is expected to happen.
SYNUSDT Bull Flag before a 1D MA200 break-out?Synapse (SYNUSDT) broke again today above the 1D MA50 (blue trend-line) after holding the 1D MA100 (green trend-line) which provided Support. The trend since the July 28 High has been a Channel Down, which on the overall rebound move since the June 17 bottom remains a technical Bull Flag. That is of course as long as the Higher Lows trend-line since June holds.
A break below it, should be taken as a bearish break-out signal and target the 0.800 Support Zone. On the other hand, if the Bull Flag lives up to its use, and the price breaks above the 1D MA200 (orange trend-line), expect a massive bullish break-out move towards the 4.000 - 4.3100 Resistance Zone.
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