SNXConsidering the end of the G wave and the sharp movement after it, we can expect a rally to the prices of 3.5 and 4.2. Let's see how it goes.
SNXPERP
SNX/DEFI : Banana of BloomWhat is this chart? Essentially, it shows the performance of SNX vs an index of 25 Defi coins, such as LINK, SOL, CRV, etc.
We're looking at a few things:
First off, it's clear that SNX has massively underperformed the DEFIPERP index as a whole. With some rare, short-lived exceptions, it's been in a downtrend since Jan 2021. Second, notice the rounded bottom. This, alone, is an indication of a potential reversal.
Yellow channel (🍌) points to increasing volatility, which would make sense given SNX' history and the extended accumulation spanning over half a year.
Keep in mind this doesn't chart the price per se, but more of a strength/weakness compared to other Defi coins. What does this mean in practice?
Should Defi coins go up, SNX should see more gains compared to others.
Should Defi coins go down, SNX should see smaller losses.
That is all, no buy or sell signals. Don't ape in. Simply a bullish bias over the upcoming months.
PS: This is not financial advice.
SNX/DEFI: Slumber's EndSNX is stuck in a massive 6-month long falling wedge against the DEFIPERP index and it looks like it's gearing for a breakout.
I marked some areas of interest where I will be looking to rotate out of SNX in between cycles.
It's hard to estimate when such targets could be reached however. Certain catalysts, like the futures launch, could send it flying in a short burst. I actually expect that SNX will continue with this pattern of spike and slow bleed over extended periods of time. It's soul-crushing, a MM recipe's for making millions repeatedly.
PS: This is not financial advice.
SNX (Y21.P2.E1).Stalking a breakout tradeHi Traders,
Hopefully you see this in time.
Gartley Harmonics
Cheers,
S.Sari
SNXAlso longed this one.
Break above range mean and I think range high and that clean high around $5.8 are next.
George1 Call
