SNX PERP
When Synthetix breaks it's ranging between the support & resistance of this descending wedge we can expect a big move.
Nice increase in volume suggests that this breakout is gonna happen pretty imminently.
Sell target will be top of the wedge for me (indicated by the arrow - Roughly 40%).
Nice increase in volume suggests that this breakout is gonna happen pretty imminently.
Sell target will be top of the wedge for me (indicated by the arrow - Roughly 40%).
Note
Diamond patten forming on the hourly, volume is huge at the breakout & retest area. Get ready for lift off.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.