Get started

SNX

SNX facing two possible scenarios.Hello, dear TradingView members. This idea is an SNX analysis. It looks like SNX is getting rejected by the downtrend channel after moving 5% up. The price is now consolidating on a local support level. There are two possible scenarios considering the static resistance on the way up. First scenario: The price can push up and pass the dynamic resistance, which is the upper band of our downtrend channel, and then continue to move higher after a pullback and confirmation. Second scenario: The price can get rejected by the dynamic resistance zone and land on the support levels. RSI is overbought, so the price has room to go down. The Speedometer indicator shows Sell volumes on the market for SNX on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
5
SNX - SYNTHETIX - How Might The Rest Of This Correction Unfold?So continuing on in the spirit of sharing thoughts like no one can, once again I am talking to the chart. You might think this is amusing but it is very serious business. In fact so serious that you might actually learn a thing or two about holding onto your profits during corrective waves. Although it may appear to some that we may be continuing to go lower or getting ready to move higher. At this point in time it looks like neither. It's purely corrective price action at it's finest. A potential Type-1 Weak 5-Wave Move has been identified which will likely continue to be extreme choppy. Chances are that you may have to watch the whole 20 minutes of this video to grasp what I am saying. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
1
SNX - Bearish Scenario - Potentially Going LowerPrice action overnight was not what was meant to happen. In my last video idea I mentioned that the move needs to be sharp up not sharp down. I have kept this count in the back of my mind in case something like this happens. Part of the reason for this idea is that I believe SHIB is completing a Wave D and will soon turn lower for another leg down. Due to the bearish price action and a lack of highs in recent SNX price action I feel the need to present this bearish scenario. If price goes above 4.135 then it would invalidate this count. I am tied up with a few things right now but I will post a video update later today. Not Financial Advice.
Short
by AriasWave
SNX/USDT - 12.08.22 UpdateHello Traders! SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began. At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the support level of $2.08. If the price does not fall below this price level, it will mean that the range of $2.08-2.65 is a zone of interest for buyers. In this case, medium-term purchases on the given instrument in a range of $2.08-2.65 can be considered. The aims of profit fixation on such purchases will be price levels of 5.90 and 7.35$. Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SNXUSD
by UnknownUnicorn10064030
SNX - PRICE ACTION UPDATE - Coiling Up For A Move Higher???In this video I continue to cover Synthetix which still appears to be on track to produce a move higher. There are many different points of interest that add credence to this idea which I also cover. The target is still and will always remain the all time highs especially if this trend change remains intact. We are seeing the potential topping process with this move being the last move before the massive decline ahead. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - PRICE ACTION UPDATE - A Series Of 1-2 Patterns.In this video I continue the coverage of Synthetix as it looks primed for a move higher. In this video I go into a bit more detail as to how to I see the entire correction complete for Green Wave 2. A confluence of meaningful support areas have served as a good base for the next move higher. If you are aware of how these patterns unfold then you will understand that the next move will need to be a sharp move higher. Third-of-a-third waves are usually the strongest part of a 5-Wave Move and also provide clues as to how they will continue to move along the way. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNXSynthetix’s SNX token rose over 14% in the past 24 hours as developers said the protocol’s decentralized autonomous organization (DAO) had renewed a deal with liquidity provider Jump Crypto. DAOs are entities that have no central leadership, and are owned and governed by their members. Their decisions are carried out by software rather than by human managers. “Jump Crypto’s experience in data-driven trading and liquidity provisioning will complement Synthetix’s mission to become the liquidity backbone for on-chain derivatives,” developers said in a tweet on Thursday night. The Chicago-based trading firm is expected to work closely with the Synthetix network to provide liquidity across listed assets and product feedback. Jump Crypto provides liquidity services and investments, and it participates in project governance. Synthetix didn't immediately respond to a request for comment. SNX rose to as much as $3.37 during Asian trading hours before profit-taking caused the price to decline to $3.25 at press time. The tokens have gained over 19% in the past week, but only 4% compared with the past month after a market-wide decline pushed prices to monthly lows of $2.13 in early July. However, the fundamentals remain strong. Since March, Synthetix has recorded trading volumes of over $2.8 billion, mainly from its atomic swaps and perpetual swaps products. Atomic swaps refer to an exchange of cryptocurrencies from separate blockchains. These use Uniswap and Chainlink live prices to ensure traders' accurate execution. Popular products on Synthetix include ether (ETH), bitcoin (BTC) and chainlink (LINK) token derivatives traded against Synthetix USD (SUSD), a dollar-pegged stablecoin. The pairs have seen over $40 million in trading volume in the past 24 hours, Nomics data shows. Market Cap $355,347,258 On the technical side: If we consider the weekly TF. We have a weekly timeframe built on big timeframes. You can work from the border of the lower channel and gain position during the test.
Long
by MaxsimusTrade
18
SNXUSDT at Support - Seeing confluence to go longSynthetix has been ranging between the current support of $2.95 and $3.60 I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply Confluence: 1. Fibonacci golden pocket area 2. Value area low of the fixed range 3. Possible Trapped short traders 4. Failed aution on a TPO (Time Price Opportunity) chart 5. Bullish divergence on the 15m (Vumanchu cipher b) Not Financial advice. DYOR. Papertrade before using real money. If you like this idea, please comment, give a thumbs up and follow for more ideas like these. Safe trading guys! Shawn
Long
by zartraderguy
2