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SNX

🆓Synthetix Network/USDT Analysis (26/2) #SNX $SNXSNX is having a strong recovery so I think it will reach 27$ soon or even 40$ zone in March. But buy it now is not a good idea, because it still have a possibility to retest 17$ zone in next days. 📈BUY -Buy: 16.5-17.5$. SL if B -Buy: 20.5-21.5$ if A. SL if B 📉SELL -Sell: 26-27.5$. SL if A -Sell: 38-40$. SL if A ♻️BACK-UP -Sell: 16.5-17.5$ if B. SL if A -Buy: 11-12$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
SNX/USD Potential Livermore CylinderSNX/USD may be in a Livermore Accumulation Cylinder (just getting in to this technique, if anyone can link me to the best Livermore Cylinder learning material that would be greatly appreciated.) We see the trend being respected on both diagonals. Jesse Livermore traded by the rule as well to determine whether he was on the right side of a bullish trade, volume would increase on price expansion and decrease on retracements. This is evident here where the + and - symbols are placed. If we truly are in a Livermore Cylinder, we should expect another test of the upper trendline, which has been acting as resistance, for the 6th impulse on increased volume (estimated by the gray + sign). Then a test of the bottom trendline which has been acting as support for the 7th impulse which creates support confluence with the previous all time high at impulse 4 (gold line) that should act as support as well on decreasing volume (estimated by the grey - sign). After this has happened and confirms as still holding its shape we would expect further upward expansion toward the 8 to 10 impulses which aren't all charted yet, however I will update that if necessary when the time comes. "Synthetix Network Token (SNX) is an exchange-based token created and issued by Synthetix, a decentralized synthetic asset issuance protocol built on the Ethereum blockchain." - CoinGecko Synthetix is a promising project, more DeFi and should have a bright future. Regardless of whether or not the Livermore Cylinder holds true SNX could do very well in the long term.
COINBASE:SNXUSDLong
by Hrempe
14
SNX Fast ScalpBuy Zones : - 24$ (Now) - 20% of your capital invest for this trade ----------------------------------------------------- Rebuy Zones : - Rebuy 22$ - 30% of your capital invest for this trade - Rebuy 20$ - 50% of your capital invest for this trade ----------------------------------------------------- Sell Zones : TP1 = 28 ATH TP2 = 32 TP3 = 38 ---------------------------------------------------- Stop : SL : 29.4 ---------------------------------------------------- Happy Tr4Ding !
KRAKEN:SNXUSDLong
by thecryer
21
🆓Synthetix Network/USDT Analysis (14/2) #SNX $SNXSNX is continuing to increase with good volume so we can expect SNX to increase strongly in the next days to $36-38. However, I think it will take a few days to move sideways to accumulate more at $27 zone. 📈BUY -Buy: 26-27.5$ if A. SL if B 📉SELL -Sell: 36-38$. SL if A ♻️BACK-UP -Sell: 26-27.5$ if B. SL if A -Buy: 20.5-21.5$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
1
Risking to loose 20% - 50% to win 10% is just not wiseBTC could touch the bottom of the channel at about 44k and come back up, sure. But in the technical we are loosing energy, inside an ascending triangle with higher probability of a correction. I feel like is less riskier to short right now than longing to be honest, I don´t short during a bull run like that but that's how it looks now. And I also have a question that I would like to leave for you guys. Do you really think that the giants of the tradicional market want to buy BTC during a hype FOMO situation like the one we are leaving today? Sure, they want to buy, but do you really think the sharks are risking to loose 50% of their capital? I don´t think so.
BITSTAMP:BTCUSD
by ViniciusBaccelli
3
SNX Trade SetupSNX is likely to see a pump here in my opinion. It has had a long sustained uptrend with higher highs and higher lows. It has been pretty volatile on this move, which is a good sign that more volatility is to come. What has me bullish on this specifically is that it is exhibiting the slingshot pattern near ATH resistance. What I mean by this is it had a sideways move at support, peeked above the higher bound, then fell straight down below the lower bound and rebounded. It is now in a short period of low volatility. Short periods of low volatility are often followed by high volatility. If it bounces up from this level, it will be in price discovery in the BTC pair. In my opinion this is a trade with a lot of potential upside. In the event of downside, you could try to DCA the bounce off of the 0.382 Or just make your stop price the liquidation price.
Long
by StayHydrated1
2