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SNX

SNXUSDT at Support - Seeing confluence to go longSynthetix has been ranging between the current support of $2.95 and $3.60 I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply Confluence: 1. Fibonacci golden pocket area 2. Value area low of the fixed range 3. Possible Trapped short traders 4. Failed aution on a TPO (Time Price Opportunity) chart 5. Bullish divergence on the 15m (Vumanchu cipher b) Not Financial advice. DYOR. Papertrade before using real money. If you like this idea, please comment, give a thumbs up and follow for more ideas like these. Safe trading guys! Shawn
Long
by zartraderguy
2
Synthetix Long-Term (868% Potential Profits)We have an interesting one here with Synthetix (SNXUSDT) and we start right away with the potential profits... Looking at the current price vs the All-Time High, we see a massive 868% potential for growth... If we zoom in and look closer, we can notice the highest volume ever for this pair, SNXUSDT, signaling that the bottom is likely in and a trend reversal is due. I will not show the chart here but you can zoom by hitting the "+" sign on the chart to see what I mean. (Focus on the volume indicator) After activating the June 2020 support (2 years), Synthetix is preparing for bullish growth. Namaste.
Long
by MasterAnanda
15
SNXUSD May Have A Completed Complex CorrectionHello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn. What we actually see on SNXUSD is an impulsive five-wave rally in 2020 till 2021 and complex W-X-Y corrective decline from 2021 highs into first half of 2022, which suggests a bullish continuation in the future. Well, from technical point of view, SNX retraced perfectly back to the former wave (4) support area, from where we can already see sharp rebound that can be signal for a completed correction and bullish reversal. However, keep in mind that real bullish confirmation is only above 8.15 region, so in case if we get an impulsive five-wave recovery up there, then we can easily expect a bullish resumption back to all-time highs. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
SLong
by ew-forecast
9
📊 SNX moved 70% up ! Will it fall back down?Hello, dear TradingView members. This idea is an SNX analysis. SNX moved 70% up after their tweet. And the exciting fact is that the market is still not overbought. On a daily basis, the market isn't strong enough. Still, if we shorten the timeframe, we can see a bit of potential for moving higher. Two scenarios are possible for this chart: Scenario one: The price will push straight up or use support to break the resistance to the higher resistance levels Scenario two: The price will stay below the resistance area, and it'll lose power to reach higher levels in the next couple of days. The Speedometer indicator shows Buy volumes on the market for SNX on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
20
SNX/USDT: Bullish reversal on going?---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- SNX/USDT: Bullish reversal on going? Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets SNX suffered about negative global market situation - SNX is expected to try to exit from the bearish channel or at least testing the upper part at 5,55 Market configuration - Graphical Elements : Graphical Resistance = 5,55 & 29 Graphical Support = 1,55 & 0,99 - Mathematical Indicators: EMA ( Exp Moving averages) are being reintegrated = bullish RSI indicator (below) is reintegrating 50% = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B is set at = 1,55 Fibonacci resistance of the wave in progress = 5,55 Fibonacci support of the wave (C) B(max extension) = 0,99 Fibonacci Bullish Target = 14,20 Conclusion Preferred case => Regarding the mid-term element,SNX is expecting to do a bullish reversal from the area we are now. we are bullish above 1,55 towwards 5,55 the upper part of the bearish channel and we expected then a bullish exit towards 14,20 Alternative cases => Breaking 1,55 a significant drop will open the door towards 0,99
Long
by JeanJean1983
SNX breaking $3.80 - $3.90 resistence level, make it a support?!The Synthetix Network has been trading sideways ( as have a lot of crypto currencies recently, but that had started to change for the better, and we all hope for a bull run that dwarfs the last one with all this new money now aware of the benefits of DeFi. Battling that is the ever present and constantly adapting scam artist who are coming up with some of the most clever scams I have seen to date. I mean, these are no, hey, just look for a very poor understanding og the English grammer rules, and you got em. These are professionals, and in most cases coders so the ability to produce a clone of a well known and respected, trusted website in the crypto community is just the beginiing, and that is scary enough. Anyway, if anyone wants to discuss that further and maybe a learn a way you can protect yourself, message me. My publication today has shown that has broken out of the lower part of the consolidation channel bottoming out at the support level of $3.50, and topping out at around $4.30 with the resistance residing somewhere in the $3.80 - $3.90 range.....this is the line that SNX was just able to break through, and I think if it can maintain a close above the $4.91 close 3 or 4 days ago then I am hoping we can then turn that $4.80 - $4.90 to a new support as we work our way up in value . I often find channels like this, and the chart will show you where the support ranges are and you can usually hit 7 out of 10 at least just trading off of past support and resistance areas, especially KNOWN areas of support. Someone does not have to be a master to trader to make money or have more Ws than Ls....however, a person does have to have a #bigbag if they want to make a worthwhile profit off of a consolidation channel with what amounts to 80% (@ MAX which you will not see). As always, been trading for bout a year and a half and it is by far the most fun I have had studying something in my life. Psychology and Money, what could go wrong right? Well guys, happy trading and please, basics, basics, basics if you are new. After that go over them again, and do not bite off more than you can chew....these are just SOME OF MY MISTAKES, and they can have devastating consequences, trust me. Good luck guys, and just when you think "Crypto is too hard, or...there is no way our financial system is getting digitized"...I am here to tell you that it is inevitable so the quicker you start getting on board, and trying to learn, the farther you are going to be ahead of that person who, like me, saw BTC trading at $100 6 years ago and laughed at it, and also made fun of it in every way I possibly could.....I know there are people out there still "living under a rock" if you will, and scoffing at what is going on under their very noses because I speak to them everyday. They will be the ones getting taking advantage of when this whole system finally gets all the kinks smoothed out (has to be some). If you guys are on here then that means you are at least either seaking information (GOOD FOR YOU!) or just reading this meaningless jargon, and getting ready to blast me (IN THAT CASE, GOOD FOR YOU AS WELL), it is obvious both of you are active in the financial community, and as long as you stay in the know, you will be a lot better off than the not so proactive dickheads, peace and love guys, and do good business with each other, christ......
SLong
by DutchBoyzDynasty