SNXUSD
SNX/USDT UpdateMarket Cap $2,116,653,547
24 Hour Trading Vol $114,309,742
Fully Diluted Valuation $2,859,320,550
Total Value Locked (TVL) $2,097,098,088
Fully Diluted Valuation / TVL Ratio 1.37
Market Cap / TVL Ratio 1.01
Circulating Supply 172,443,028
Total Supply 232,947,851
Max Supply 232,947,851
SNX Rounded PatternSNX has formed a large rounded pattern
with two smaller rounded formations
Price will likely breakout and continue upwards within the parallel lines, forming a channel. Or it may just explode to the upside and create new highs
Rounded formations / tops almost always result in large bullish movements, and we have three of them !
Synthetix: Completed a leading diagonal (short-term view)Synthetix completed a leading diagonal made of 3-3-3-3-3 today with its price reaching 8.95 . I sold my position and I'm going to wait for the price to fall back, perhaps in the yellow zone that I identified, which corresponds to Fibonacci levels.
SNX long setup fires on bullish retestSynthetics (SNX) has shown the most strength off the recent lows out of almost any other DeFi charts we can find
- Big volume coming in after a tag of weekly support
- Confirmed bullish market structure on the daily
- Pull back into the local reload zone, completing the Wyckoff Check of the breakout point
Whatever Bitcoin decides to do here... This is a setup that's hard for us to pass on..
Long and strong. Risking to lows. Hunting a free position, selling half on a double up around the Fib extension/short RLZ
Synthetix: readjusting the short-term count slightlyI was surprised that Synthetix rallied so much over the week end, that the sub-wave B is much longer than I expected so I readjusted the count to match what the price has done. Now I think there are higher odds that price falls to the 50% Fibonacci retracement than the 61.8%. In other words, Synthetix is bearish in the short-term but very bullish in the long-term and the upcoming dip seems like a great entry point.
Synthetix quietly breaking it's downtrend Here we have a chart of SNX on the two week chart. SNX has printed a dragon fly doji and has broken its downtrend. The RSI is also showing a bounce off the low. The target is $55 to $60usd. Also I have linked the original call for this SNX move that I made on June 30 vs Ethereum.
Chart analysis = risk management
Thank you
Synthetix: another 10x bagger digital asset (short-term view)Synthetix appears to have completed an expanding diagonal for a primary wave 1 and is now correcting in the shape of a zig-zag for its primary wave 2. I added the range where I think the price could fall before resuming its bull market. The long-term view is extremely bullish so have to keep that in mind.