SNX Synthetix 1D - Big Move Up ComingHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix (SNXUSD), a cryptocurrency altcoin.
In the chart I noted:
1) Synthetix price has respected the bottom trendline since October 2020 and most recently touched the trendline and bounced off of it. It is still hovering around this area.
2) Around the end of November 2020, the price began it's parabolic move of about 600%. That move ultimately brought the price back to the bottom trendline after 234 days. Assuming from that day to 234 days into the future (Feb 2022), we could see the price once again touch the top trendline which it has not touched recently as the price has been consolidating since May 2021.
3) Assuming we begin the move upwards, that would be a 130-135% gain in Synthetix price. This wouldn't be an immediate move up as we have Support and Resistance areas to overcome.
4) Also the RSI (relative strength index) is about to potentially form a double bottom, which could drive the prices higher as shown historically.
5) If the price touches the top of the trendline and has a breakout of the long term triangle pattern, we could see a significant price upside.
6) The Volume over the past few weeks has been less, which is usually not the case. This may be a signal that a move is coming.
7) If the price breaks below the bottom trendline and stays below it for more than a few days, this idea may be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
SNX
SNX up 50% soon ? 1:3 trade ideaWe are facing nice demand zone that worked well in the past and we are also trading at current value area low.
SNX seems strong also against BTC at the moment so I expect a nice rebound from here, let's see if the others buyers agree.
The trade setup has the entry above my demand level and stop loss below it, the target is near the POC of the current value area
Synthetix Exchange is now KwentaIt occurs to me as I was fielding questions from friends who follow my picks, that any outside observer who clicks on the old dot "io" domain of Synthetix may believe Synthetix as a derivatives exchange has died and withered on the vine. Nothing could be further from the truth. If you don't follow their blog, you may have missed the transitioning that is occurring and the growth of the Kwenta platform. If you type in the old Synthetix "dot" Exchange, your browser will likely take you straight to the Kwenta landing page, powered by Synthetix. It does for me, but not all browsers perform the same. That "Powered by Synthetix" phrase under Kwenta's headline, "Derivatives Trading With Zero Slippage" is your big hint. So, Synthetix is still there, still transitioning, still moving forward. And it is still an awesome project/product and looking at this chart, the time it remains on sale at bargain basement pricing may be coming to a close soon. Get you some, while you can still afford it.
Synthetix can still Show Growth in the Third WaveGreetings to you! On July 6, I predicted the beginning of the third wave, the idea of which is still relevant to this day.
The expected superfast growth did not occur and even dragged on, which may indicate the incompleteness of wave (2). However, I stick to counting waves, where wave (3) forms itself in pieces.
Wave 1 of (3) is the leading diagonal, and wave 2 of (3) is either already completed or on the verge of completion.
The price crossing the key level will confirm the presence of a bull market.
Wojacks retirement plan | 242% gains Hello fellow apes and wojacks , SNX is beautiful project with handsome volume , After the great china dump it didn't fully recovered , I used to swing trade my Mcdonalds saving here for few hundred dollar gains until I saw this inverse head and shoulder forming ..
CRV , 1inch are also part of its eco-system so diversification is preferable.
I hope bogdanoff doesn't see this and we wojacks as a whole can retire peacefuly..
SNX when lambo?
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is stuck in a range and fluctuating. If the price drops and stabilizes from each sides, it can move in the same direction.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
#SNXUSDT #SNX#SNXUSDT
#SNX
85% possible #SNXUSDT Breakout (Flat Top/Bottom) Trendline And Weekly Resistance Will Breakout And Then retest If Price Bounce Back Then Possible We Can See 18.00 $ Last Tp
Keep in mind.
🟢 ; Multiple Rejection Structure
🟣 ; Month Frame Structure.
🔴 ; Weekly Frame Structure.
🔵 ; Daily Frame Structure.
🟡 ; 4.H Frame Structure.
⚪️ ; 1.H Frame Structure.
#SNX Synthetix 1D - Move comingSynthetix SNX is in a large triangle pattern but let's look at the small descending channel for now. It seems that there may be a potential breakout coming up. If SNX breaks the resistance around $13, it may get a chance to move higher.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
SNX potential to increase 120% to 250%#SNXUSD
$SNX is a low cap coin that didn't increase yet.
price is inside a triangle that break out from upper line can lead price toward resistance zone which is more that 40% increase. first target of this triangle can be around $22 (120%) and if in long term price can touch $35 (250%) and more to touch last target of triangle.
if price break down the lower line of this pattern the bullish scenario will be invalid.
SNX/DEFI : Banana of BloomWhat is this chart? Essentially, it shows the performance of SNX vs an index of 25 Defi coins, such as LINK, SOL, CRV, etc.
We're looking at a few things:
First off, it's clear that SNX has massively underperformed the DEFIPERP index as a whole. With some rare, short-lived exceptions, it's been in a downtrend since Jan 2021. Second, notice the rounded bottom. This, alone, is an indication of a potential reversal.
Yellow channel (🍌) points to increasing volatility, which would make sense given SNX' history and the extended accumulation spanning over half a year.
Keep in mind this doesn't chart the price per se, but more of a strength/weakness compared to other Defi coins. What does this mean in practice?
Should Defi coins go up, SNX should see more gains compared to others.
Should Defi coins go down, SNX should see smaller losses.
That is all, no buy or sell signals. Don't ape in. Simply a bullish bias over the upcoming months.
PS: This is not financial advice.
SNX/DEFI: Slumber's EndSNX is stuck in a massive 6-month long falling wedge against the DEFIPERP index and it looks like it's gearing for a breakout.
I marked some areas of interest where I will be looking to rotate out of SNX in between cycles.
It's hard to estimate when such targets could be reached however. Certain catalysts, like the futures launch, could send it flying in a short burst. I actually expect that SNX will continue with this pattern of spike and slow bleed over extended periods of time. It's soul-crushing, a MM recipe's for making millions repeatedly.
PS: This is not financial advice.
SNX Weekly Potential Explosion aheadWell in the weekly charts It has very similar situation to the last time that it broke a trend and raise to 800% ant then came down for price correction.
I see the same potential, at least in long term Condition, Dramatically Target will be 86 or maybe 100$ as shadow but less Fantasy targets are resistance levels that are obvious in the chart 20$-30$;
This is not a financial advice for selling or buying at all. Just a technical analysis.
Synthetix is about to popI made a chart a few months back called "Synthetix quietly breaking the downtrend" that is linked in this chart as well. The circled dragonfly doji candle is what marked the end of the downtrend and new upswing starting.
Anyway,, I think the quiet time might be over and it's about to make some loud noises. As soon as it breaks above it's down trending resistance it should explode upwards.
Let's keep an eye on it and see how it goes.
#5 | Synthetix Network Token vs Tether (SNXUSDT)I had multiple options for the last pair to share with you today, I found many mentioned in the comments section that looked good.
These were CAKEUSDT and BZRXUSDT, I went for Synthetix Network Token (SNXUSDT) since we already have a trade active for this one.
To spot these bullish charts, the Fibs can be very useful/important.
Notice here how bullish action takes place above the 0.382 Fib. extension level, this is marked light blue.
Each Fib. level here below the current price can be considered strong support.
Above the current price, I call these resistance levels or targets.
Since we have kind of a curve coming up from the candles, yes, I look at that... This can signal that things are about to move up.
We have this curve pattern showing up, with increasing volume, bullish indicators, and prices breaking above EMA50... The rest is on the chart.
Namaste.
SNX ab=cd pattern to $40#SNXUSDT
$SNX broke out from descending resistance line and head up to break the long term one that is the same with a resistance zone. if bulls success to close a weekly candle above resistance zone price will head up to touch $19.
an AB=CD pattern can complete around $40.
if price break down from ascending support this bullish scenario will be invalid.
Synthetix #SNX 1D - Move is comingSNXUSD 1D Chart. Possible run up to the top of the trend line? RSI and Stoch RSI seem to be ready for the move.
I also presented the resistance and support area circled. Keep an eye on this.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins