SNXWaiting for #SNX to fix above the key level before confirming breakout from the falling wedge ✨
CALL OF CRYPTO
SNXBTC
SNX Microgain to $8.7 USD. Get on that L2 Optimism. $10 by EOW.Very bullish on SNX. Great team. Staking on L2 is stable and worthwhile. Get on those micro gains before midweek. Buckle up for EOW boost and beyond.
SNXUSDT, worth the long if MSC or btc ranges sideways!SNXUSDT Not muxh resistance above if we crack the .618 speedfan imho! Volume levels, monthly, weekly, daily levels marked. Beautiful chart if the bull market IS not over i think this one has Room for upside and i'd buy more! love SNX!
SNXBTC SNXUSD SNXDepending on if BTC Decides to range sideways more, shoot to the moon or head to the core of the earth, SNX looks Really interesting to me here! Alot of Volume under and alot of volume overhead to get through. Has broke the .618 and .66 speed fan and is trying to remain about the .382
DEFI SZN and LINKQuick comparison on what major DEFI is did last run is shown link is extremely lagging behind other DEFIs.
Just matter of time for LINK to catch up some uptrend.
GIANT Bullish Divergence on the WeeklyAs the title states, we have a clear bullish divergence on the weekly RSI. Also, on the weekly Stochastic RSI, we are finally bottoming out. Buy buy buy!
Synthetix Network Token (SNX) - June 17Hello?
Welcome, traders.
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Have a good day.
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(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.
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(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.
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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.
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** 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)
SNX / BTC Mid Term SetupDropping In Demand Zone around 25000 Sats
Can be good to start accumulation here until 20000 sats
Mid Time Frame Setup with 1st Target at 34500 Sats
Synthetix Network Token SNXBTC 💪I may have come late to the party as so many have been shilling SNX last week. But I am here after a confirmation of both high volume, and a breakout on the 3d 50 EMA chart.
My entry is marked in blue.
And my conservative target is set in green.
I know a longer timeframe marks 100% gains, but at this stage of BTC drama I'd rather be extra cautious. What is yours?
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! :*
SNX Buy the Break Opportunity great entry available into SNX
price sitting just above a strong resistance trend line
BTC chart is very young and has much room for growth
💡 SNX/BTC💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
SNXBTC : 61.8% Fibonacci retracement SNXBTC on the weekly timeframe has formed a higher low which is indicative of a possible higher high. the higher low is confirmed by the formation of a bullish engulfing pattern on the 61.8 retracement level of the last move from 0.0002. I am expecting a sustained move upwards towards 0.0009 as that is the 1.618 Fibonacci extension point.
