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SNXUSDT After Pullback Will Go Up Welcome back Traders, Investors, and Community! SNXUSDT on H4 after breakout and retest might have a pullback before it goes up ⬆️Buy now or Buy at 9.571 ⭕️SL at Support Breakout ✅TP1 @ 12 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
2
Synthetix Network Token (SNX) - June 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SNXUSD 1W Chart) It remains to be seen if the price can sustain above the 7.18818242 point. You need to trade cautiously before breaking out of the downtrend line. (1D chart) It remains to be seen if the 7.83712580-9.58486731 zone can find support and move up. The price should remain in the range of 9.58486731-13.08035054 to convert into an uptrend. If it falls from the 7.18818242 point, it may take a long time to rise as it enters the mid- to long-term investment area, so careful trading is required. However, the 4.08924351-5.01566486 section may find strong support and move up along the uptrend line, so you should think about how to respond. ------------------------------------- (SNXBTC 1W chart) It remains to be seen if the 0.0002333-0.0002815 zone can find support and move up. If the price holds above the 0.0002333-0.0002815 range, we expect the uptrend to continue. A full-fledged uptrend is expected to begin only after breaking out of the downtrend line. (1D chart) It is important to have support in the range 0.0002166-0.0002625. To convert into an uptrend, it needs to rise above the 0.0002815 point for support. However, it should break out of the downtrend line to accelerate the uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
POLONIEX:SNXUSD
by readCrypto
SNX/BTC - BIG BULL PENANT FORMING May 8 Hey guys! Intro: Synthetix ( SNX ) is another one of those juicy mid cap alts that has the chance to go balistic. It is forming a bullish pennant for 245 days now and the pattern will probably take some more time to establish. You have the chance to get in very early as this evloves further. Unfortunately the Binance chart doesn't show the full price history, so I suggest to check on cointrader.pro to see the full history. Pro: - Sitting in a nice reload zone between the 0,618 and the 0,786 Fib at around 30.000. - Currently tries to "cut the corner" and prepares for the third impulse up. - Very early in the pattern --> a lot of opportunities to scale in and make solid gains Contra: - Still long way to brake out - Second higher low still in the process of establishing Entry: Option A: Right now and you would do nothing wrong since its in the reload zone between the 0,618 and the 0,786 Fib. Option B: Wait for the pattern to evolve further and enter at a later stage (i.e. 3 higher low) Option C: Wait for the retest of the trendline Option D: Scale in on all three options Exit: Bullish: - Measured move price target from a potential brake out point around 5300 Sats would be 10.000 - 10.500. This would mean a 250% move from the current price point around 30.000 Sats . Bearish: - Once the second higher low is fully established, set your Stop-Loss below that. Enjoy and never forget: NO FINANCIAL ADVISE! :*
Long
by arnesto1989
1