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SNX

$SNX/BTC 90m (Binance Spot) Falling wedge breakoutSynthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back. Also, 100EMA seems to be acting as support now, that's why entry zone is down there! Current Price= 0.0004010 Buy Entry= 0.0003915 - 0.0003813 Take Profit= 0.0004074 | 0.0004341 | 0.0004540 Stop Loss= 0.0003653 Risk/Reward= 1:1 | 1:2.26 | 1:3.2 Expected Profit= +5.43% | +12.34% | +17.49% Possible Loss= -5.46% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 120h
Long
by TradingOn
2
SNX - Synthetix - 60% Potential!It is most certainly ALT season! Here is yet another ALT in th bull zone. SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours). Support: ~ $12.98 From there, it can grow 59% possibly, in just days. Resistance: ~$20.76 These bull indicators are flagging: -Stochastic @ 30m in sub 20 zone @1H in the 50 zone -RSI will hover around 50 zone at eh bounce -MacD cross above neutral line, at/around support -Historgram will flip at/around support Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful. ---------------------------- *Not trading advice. Trade at your own risk. Just a sharing of an opinion.
COINBASE:SNXUSD
by moneypenny275
SNX (Synthetix) Is Going Parabolic Although the crypto market has been pulling back, SNX has been heading ever higher! The coin is already up by more than 100% in 2021, and this may be just the beginning! SNX Momentum According to Nicolas Darvas, the writer of the famous book "How I Made $2,000,000 in the Stock Market", the stocks that are the most resilient in bear markets, and that even try to push up, are usually due to experience strong growth when the bear market is over. We can apply this theory to cryptocurrencies as well. The coins least affected by the bear market and those that recover quickly will probably boom in the bull market. SNX currently fulfills these criteria as the crypto market took a hit early this week, but the token has already recovered and made new all-time highs! Watch The Volatility If you decide to enter SNX (or you are already long), then it is essential to note that the volatility has increased strongly in 2021, as portrayed by the ATR. The Average True Range (ATR) is a volatility indicator. Many traders use the ATR as a trailing stop loss; for example, they may place their stop loss at two times the ATR. So if you buy SNX at $15, and the ATR has a value of $1.88, then your stop loss would be at $15 - (2*$1.88) = $11.24. On January 1st, the ATR value was $0.88, while today, the ATR value more than doubled at $1.88. Even if you don't use the ATR as a trailing stop loss, you can use it to judge how volatile the market is and whether you should make your stop loss wider or narrower.
Long
by cryptohopper
$SNX Synthetix Quick Analysis Overview ( @synthetix_io )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today . Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. We have various clues that BINANCE:SNXBTC can go higher by breaking the rising wedge on daily timeframe. Thing that make me bullish is the VPVR indicator, it shows a lot of trading volume on the level we are now, it usually means that it might act as support or resistance in long-term vision. Trade altcoins wisely in this period, because one strong move by Bitcoin you can lose 10-20% of your position, so always use stop loss to avoid that happening. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Long
by BulloTaurus
SNX/USD - Warning, retrace possible to $5-6!SNX has done a 5x since November and now we are at the top of the ascending channel. This is a danger zone! There is also a bearish divergence on all three indicators: MACD / RSI / Stoch RSI = higher price and lower top on indicators = we're losing momentum. This is not good. A good indicator to sell is when the yellow parabola will break. When that happens, there is little reason to hold onto the coin or buy, we need to find support again which is quite some way down at $6-7. Therefore the bias is bearish, we may have one or two impulses up still, but it is hard to justify buying here. Be careful. Do not FOMO. SNX shows clear signs it will correct. Breaking the long term ascending channel up would be extremely bullish, but also dangerous to trade due to sharp volatility. Watch closely. Like and follow if you liked this idea!
Short
by DU09
2
Grodno i Sunex - sytuacja techniczna 13.01.2021Rzut oka na sytuację na dwóch obiecujących spółkach z branży OZE: Grodno i Sunex. Trwająca obecnie korekta może być dobrą okazją do zajęcia lub powiększenia pozycji. Obecni akcjonariusze powinni rozważyć przeczekanie korekty zgodnie ze starym powiedzeniem "Never loose a position in a bull market", bo OZE może być hitem inwestycyjnym 2021. Jak zawsze: 1) niniejszy materiał nie jest poradą inwestycyjną 2) należy rozważnie i samodzielnie podejmować wszelkie decyzje inwestycyjne, bo inwestycje w akcje rodzi ryzyko sporych strat kapitału
GPW:SNXLong
by GoldenIdeas