SNXUSD
Synthetix Network Token (SNX) - June 17Hello?
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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)
IF U ASKED ME ... SNX IS THE STRONGEST RIGHT NOW !look on the week candle how it bounced back up. 63% up !!
despite all of the bearish corrections we got, it managed to go up again.
we r looking for a weekly close above the first support.
if first support were broken I will buy on the second one a small bag there.
if we hadn't broke any support we will test $28 resistance straight way.
DONT LEVERAGE OR OPEN FUTURE !!
SNX/USDT is ready to become bullish.Hi every one
SNX / TETHERUS
SNX /USDT has formed a bullish flag . this pattern can increase the price as much as It's flag pole (shown in the picture) and since the pattern is already broken everything is set for us to make a deal!
*flag pattern can be bullish or bearish but in this situation It's bullish! flags change the price as much as their flag pole!
***Psychology and description of bear flag and bull flag :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
take a look ... SNX will do great this month !break out confirmed on 4 hr time frame
✅ Buy: 21 - 22.75 ✅
🎯TARGETS:
1- $ 25.55
2- $ 28.97
3- $ 38.90 (midterm target)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $ 16
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$SNXUSDT - Elliott wave analysisHello everyone!
It seems that Synthetix found a strong lasting support at $13, which should act as a booster of the SNX.
Synthetix according to the EW has completed the 4th wave, as usually 4th wave is 0.618 of the 3rd wave.
Although I highly recommend you to go long upon the breakout of the dynamic resistance.
Expect volatility today, remember the BTC futures settlement.
SNX following ADA's 2017 pamp : cycle behind ; final target 250%SNX following ADA's 2017 pamp : cycle behind ; final target 250%
this was me trying to figure out if i should bag this one or ren/sushi/aave...
maybe you have a bag already.
this thing did some crazy multiples already. congrats if you got this one near the bottom.
SNX/USDT can do a bullish movementHi every one
SNX / TETHERUS
SNX/USDT is in a symmetrical triangle right now this means after the break out the price can increase as much as the measured price movement (AB=CD) a little bit of correction might happen before the bullish movement.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
SNXUSD Buy: Multiple Bullish signsHello Traders!
SNXUSD pair is showing multiple strong bullish signs and it is the best pair to hold now.
The first strong sign is a trendline breakout and there is also a divergence in MACD vs Graph and the MACD is also below the zero line, which means there is a big space to move up in this pair.
The first Target is the 1:1 size calculated from the previous high to the bottom of retracement and this target will give about 120% of the investment but I think it won't stop there as it can reach 1:3 of the calculated retracement.
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