SNX - Synthetix - 60% Potential!
Updated
It is most certainly ALT season! Here is yet another ALT in th bull zone.
SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours).
Support: ~ $12.98
From there, it can grow 59% possibly, in just days.
Resistance: ~$20.76
These bull indicators are flagging:
-Stochastic @ 30m in sub 20 zone
@1H in the 50 zone
-RSI will hover around 50 zone at eh bounce
-MacD cross above neutral line, at/around support
-Historgram will flip at/around support
Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful.
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*Not trading advice. Trade at your own risk. Just a sharing of an opinion.
SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours).
Support: ~ $12.98
From there, it can grow 59% possibly, in just days.
Resistance: ~$20.76
These bull indicators are flagging:
-Stochastic @ 30m in sub 20 zone
@1H in the 50 zone
-RSI will hover around 50 zone at eh bounce
-MacD cross above neutral line, at/around support
-Historgram will flip at/around support
Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful.
----------------------------
*Not trading advice. Trade at your own risk. Just a sharing of an opinion.
Note
SNT could consolidate a bit more ...A bounce at EMA 55 (green line) would be a more complete consolidation and give SNT the energy it needs for a big move to fib 0.236 ($20.83).
$12.70 in the 6H, meets this condtion. Let's see how it plays....
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