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SNXETH

SNXETH - Broken Channel, Small Gains Likely, Big Gains Possible6 Months of strict downward channel trending followed by quite a significant break on the upside. We can detect 2 main levels where the price is likely to head toward, even our most pesimistic opinion puts gains at around 10% on SNX, our most optimistic views puts the gains nearer the 50% mark! Could be one to watch with both eyes here! 👀 If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
SLong
by theCrypster
4
SNXETHanother look lots of confluence for this to be a bottom out/ accumulate area weve got the og uptrendline from wicks in the 2018selloff kucoin eth listing price areas and initial resistance also 2018 rsi breaking downtrend for the 1st since december 2019 obv local breakout matches the downtrendbreakout 144% to nearest fib lvl just broke above 20ema 60% to the 50ema lots of potential if the market can remain in rangemode or anything accept bearish totalcap i spose aha fundamentals havent changed maybe the psycological cycles will be less extreme than previous cycles we shall see
Long
by olliecoughland
SNX/ETH : Make it or break it!Chart is fairly straight-forward. I rounded up the S&R values to make it easier to reason about. So, what are we looking at? SNX has been in a steady downtrend vs ETH ever since March 2021. We can see somewhat of a fractal forming between the bottoming structure back in Feb-June 2020 and May-present. One important difference, of course, during the previous bull run, SNX was bouncing from the 90-day EMA on daily, whereas now it's acting as resistance. Imo, SNX needs to break up by mid October as triangles usually are less likely to break out favourably the closer they are to the apex. What is the course of action? If you're a more cautious trader, you may want to wait for the diagonal resistance to break to the upside. SNX can be quite explosive, therefore be ready to buy the retest if one is given. For the more aggressive type, it may be time to get yourself into a position with a stop just under 0.003 (-10%) or 0.0028 (-16.5%) and wait for the breakout. This is a risky trade any way you look at it. Downside is considerable at -50% to the first proper support at 0.0015 ETH, not considering the USD devaluation that comes with it. Similarly, USD gains are expected higher. Keep that in mind. Targets TP1: 0.0064 (+91%) TP2: 0.017025 (+220%) TP3: 0.015 (+347%) Best of luck! PS: This is not financial advice.
by SenhorCoconut
SNX Major Bullish Divergence!!!SNX Vs ETH has been building major bullish divergence on the 1 day, 2 day, 3 day and the 1 weekly. In this chart we are looking at the bigger time frame on the weekly. The divergence is strong and should start moving very soon. My previous chart shows more profit taking zones. The link to this chart below, click to check it out. This trade is low risk with a potential of 10x on your ETH. When you pull profits is up to you. Risk management is all we do with charts.
SLong
by WeAreSat0shi
SNX VS ETHHere in the chart we have Synthetix against the Etherium Price. As we can see SNX has paid a lot of respect to the 30000 level of Etherium. a hold there has 3x to the 90000 Eth level. If a move above 96000 comes and holds it as support another 3x is then possible at approximately 36000 Eth. If a close below the 30000 Eth level on a monthly chart happens, then a move to 12000 Eth is likely and the next big buy point. I don't expect this but there are no guaranties in investing. The indicators are also showing a bottoming signs and reversal to come. Trading assets for assets is victories to success.
Long
by WeAreSat0shi