SNX
Synthetix Network Token | Easy 111%+ PotentialHere is a pair before the bullish breakout... Synthetix Network Token (SNXUSDT).
For this pair, we have a higher low compared to June but still trading below EMA50.
Since we've seen how the other altcoins are moving, we know that SNXUSDT will follow, or at least we can make this inferrence from the chart signals.
Or we can say this is a setup with low risk (tight stop-loss) and a high potential for reward.
Synthetix Network Token can easily grow over 100% on its next bullish wave.
There can always be more of course, I am being conservative.
Thank you for reading.
Namaste.
SNX long term outlook This is a long term chart of SNX with a breakout around 1/17-1/30 2023 coinciding with the macro structure of the chart. Looks as though the bearish pattern has played out but there could another sell off as the head and shoulders is debatable on where you measure either it is -80% down or 87% which would be another large sell off in December. Since the Dxy has recently sold off one would think that the crypto market players would notice but it seems that was not the case. This leads me to believe that once the Dxy bounces of this range there will be another sell off only for crypto to rally once that is done i.e the first two weeks of January. Time will tell. This range is about DCA’ing in at lows during sell offs and stacking positions. However the longer term outlook still remains and doesn’t change in my opinion.
SNX LONGBought for 7% of snx deposit
Fundamental:
A few reasons
1) returned to the zone of interest
2) launch kwenta (exchange) on snx
3) the main thing is that snx restarted atomic swaps integrated into crv, 1inch in the summer it gave an additional commission to stakers and x3 in the price in the summer (for a couple of days)
On the technical side, we have a channel with a double bottom.
I also marked you on the chart areas of support and resistance.
Cancellation of the scenario will fix below $1.42
I expect a trip to the $ 2.72 zone, after which I will update the idea.
I'm waiting for your comments on my idea, I'm very interested in your opinion.
SNX : THE PROMIST TREND BREAKOUTToday with new breakout expecting for SNX.
The forgotten coin and it's a coin that can fo stable in a low time frame, but depending on a study shows it has a high chance of breakout coming time.
I made a study trend on the coin and found a pattern that can make this coin breakout into the short term.
The golden breakout is above 4 USD.
Best breakout expecting
$4,75
Let's see coming time how this will go further, but very interesting.
Manage all-time risk, and do your study.
SNX - Accumulate for ALTSEASON ♾Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I've been making updates on altcoins that have massive upside potential and good risk to reward rations. These ideas are all spot focused accumulation phase positions, by using the dollar cost average method.
SNX is another altcoin with great upside potential. With a modest TP point only halfway from the previous high, the profit would be 520% !
Here's another excellent low risk / high reward setup:
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SNX/USDT Elliott Wave count 1H TFExpecting a move to the downside for SNX and this is my trade setup.
Short entry below 2.200 with stop lose above invalidation line and take profit at T1 and T2.
Probably we have a zigzag patern with a leading diagonal for a wave A and a flat coorection for wave B. Now we are into wave C with wave 1 and 2 finished.
Good luck!
SNX - Accumulation 🧲 LONG Setup +500% TPHi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I've been Bullish on SNXUSDT for the longest time and I believe we are close to the market bottom - perhaps one more drop. This would be the low volume sell-off according to the Wyckoff Method for the Accumulation phase.
In this 4min video, a quick buy setup with a potential +500% target ad take profit point (TP).
Interested in my view on BTC? Check out this idea:
Have a great weekend 🥂
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CryptoCheck
ABFRL( Aditya Birla Fashion & Retail Ltd.)
ABFRL is forming a good pattern, there is a good accumulation happening at current levels.
ABFRL is Bearish Cup And Handle Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Retail Trade
Industry: Apparel/Footwear Retail
$SNX - On the Bullish EdgeHello my Fellow TraderZ,
$SNX is coming to the Edge of the FALLING WEDGE Pattern.
We can easily see the Bullish divergence spotted on 4 HTF RSI.
We need to wait for the Pattern Breakout an the crossing of the EMA55 with decent volume.
Good to trade with minimun 10% - 25% TP.
Trae well my Fam. CHEERS!!!
SNXUSDT Long-Setup +233% GAINS 🚀Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a long setup bullish idea on SNXUSDT. I have been bullish on this altcoin for months now and have already taken 30% profit, however I have my eye on the pie 🤑 and believe that +230% is a modest increase compared to the first parabolic run on SNX which went up a whopping +1100 % .
Interested in XRP ? Check out this idea on XRPUSDT :
Have a great weekend 🥂
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
SNXUSDT BULLISH, Breakout OPPORTUNITY +180%Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralized synthetic asset issuance protocol. For a few months, I have been extremely bullish on SNXUSDT. I've been mentioning it in videos on altcoins that I am watching multiple times. After the last video, the price of SNXUSDT has increased by 20%. Now I know this is not the whopping 120% or 150%, but it was a very low risk trade with extremely high upside potential. Considering that it's previously done a +1000% in 3 months during the previous parabolic bull run, a target of 180% for mid-cycle is modest.
My next target is also considering a spot trade, and it could take another few months to get there (unless the bullish market comes early. The best time to accumulate altcoins is when they are trading in-between the 0 and the 0.236 Fibonacci Retracement level, as this one currently is. The risk to reward ratio is exceptional in such cases. It is also comforting to see the period of consolidation trading/range trading and a contraction in the Bollinger Bands for nearly a month, indicating that the price is getting ready for another move.
Here's the video on the 3 Altcoins that I was watching earlier this year:
Synthetic assets / tokens are minted when token holders stake their SNX as collateral using Mintr, a decentralized application for interacting with the Synthetix contracts. If you want to know a little bit more about how this works and how to start staking and yield farming, check out this easy guide for making money with DeFi :
Interested in the Merge on Ethereum and how it may affect the price of ETHUSDT ? Check out this idea 👀
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SNX Ascending channelSNX in a rising channel - reasonable entry available now - Invalidation not far below ~10%
Triggers for entry - rising with tomorrows CPI print - if in expected range - see BTC drag alts up.
Aiming to ride the channel upwards until next FOMC
Derivatives, Synthetics, FOREX...Next Big Opportunity?For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional market).
In this comparison, I put some of the projects that I consider to have upside potential, after listening to some analysts and also from my own experience.
I also put on the chart the price of BTC and ETH for benchmark.
Projects and tokens:
Synthetix (SNX) (via Optimism or Ethereum)
GMX (GMX) (via Arbitrum or Avalanche)
Gains Network (GNS) (via Polygon)
dYdX (DYDX) (via Etherem)
Mango Markets (MNGO) (via Solana)
Perpetual Protocol (PERP) (via Optimism or Ethereum)
Deri Protocol (DERI) (via BSC or Arbitrum)