Get started

SNX

SNX/USDT BreakoutSynthetix (SNX) - Daily Log Chart A Protocol For Trading Synthetic Assets On Ethereum. Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
5
More AccumulationAfter falling from the ascending channel at the end of Feb, I thought it would climb back up into the channel on Mar09, indicated by the 2 blue arrows, but alas, like my ADA plan, this is going equally splendidly. In a sideways “accumulating” movement (translate, don’t sell at a loss), it has formed a bullish descending flag. Looking at the MacD day timeframe, it looks like a continued “accumulation” till a breakout and a positive green day MacD. My thoughts, not advice Oklah. Cheers
by wildboar8
3
SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SNXUSDT brokeout above the double bottom (DB) neckline resistance (NR). - The market hit an ATH and retraced. - Price retested the key fibonacci retracement zones (0.5 - 0.618 - 0.786). - A daily timeframe bullish pin bar (BPB) was formed at the retest area. - Price action is printing a pennant pattern (PP). - A pennant pattern is a trend continuation pattern. - A bullish trend continuation pattern in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the pennant pattern's (PP) inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's (PP) inclined support.
Long
by Chibuike_Odoh
🆓Synthetix Network/USDT Analysis (18/3) #SNX $SNXThe buying force has appeared at the 18-19$ zone and this may make a new rally on SNX up to 52$ zone. SNX is really promising to be invested. 📈BUY -Buy: 18-19$. SL if B -Buy: 21.5-22.5$ if A. SL if B -Buy: 25.5-26.5$ if A. SL if B 📉SELL -Sell: 21.5-22.5$. SL if A -Sell: 25.5-26.5$. SL if A -Sell: 35-36$. SL if A -Sell: 51-53$. SL if A ♻️BACK-UP -Sell: 18-19$ if B. SL if A -Buy: 11-12$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SNXUSDT was bounded in the falling wedge (FW) pattern. - A falling wedge pattern is a reversal pattern. - A bullish pattern to be precise. - Price brokeout above the falling wedge's resistance. - The market is consolidating in a rectangular pattern. - This rectangular pattern consolidation is known as the accumulation phase (wyckoff method). - The accumulation phase is a pre uptrend phase (bullish build up). BUY ENTRY ⬆️ - Breakout above the accumulation phase horizontal resistance level. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). SETUP INVALIDATION ❌ - Breakdown below the accumulation phase horizontal support level. - This breakdown invalidation will probably lead to the retest of the falling wedge's support.
Long
by Chibuike_Odoh
1
Oh man, SNX looks READY. TO. PUMP.Hello Traders! SNX looks so ready to pop with how price action has been forming! If this Micro Long ends up holding, this thing could turn into a beast of a move, but I'll always let price do the talking. Of course, we always need to be aware of the Opposing setups that could send us lower. If the Micro Long reaches target, that Short will obviously be taken out. Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
Long
by SmileyTrades
1
SNXUSDTIt's been 20 hours that SNX is getting rejected by that resistance. (As shown on chart) The middle Bollinger Band is rising to give a Dynamic Support to the price which might push it up to the TP1 and TP2. There's also a Static Support which I've pointed out on the chart, that can be a good push up for the price as well. If none of these supports can hold the price up or push it up, the price can fall to 20 areas or even less. Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
2