SNXUSD
SNX 1D Global chart and liquid zones for buy and sellSynthetix is a decentralized finance (DeFi) protocol, the network of which was launched at the end of 2017.
However, the price of the SNX token was able to shoot only in 2020, when the hype around DEX exchanges and DeFi projects rose on the crypto market.
Now the price of SNXUSDT is approaching the critical level of $12.60 from where a downward correction may begin.
An important task for buyers is to keep the price above the $7-7.60 zone . In this case, there will be all conditions for continued growth to $16.
If the bulwark of buyers' protection in the $7 region does not withstand the invasion of sellers, then the continuation of the fall to the $4 region will become quite real.
However, if you narrow down the chart presented, you will see a long history of trades in the SNXUSD pair. The chart clearly shows that even a theoretically possible price drop to $4 will still look like consolidation in the upper part of the global chart and will not carry anything critical for long-term investors.
Short and medium-term speculators need to be vigilant, use stops in trading, and pay special attention to the liquid areas that we have highlighted on the chart.
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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?
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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)
SNXUSDT - Breaking outHello everyone!
SNX on the watch as it's trying to break the downtrend channel
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 $28 resistance straight way.
DONT LEVERAGE OR OPEN FUTURE !!
SNX/USDT is ready to become bullish.Hi every one
SNX / TETHERUS
SNX /USDT has formed a bullish flag . this pattern can increase the price as much as It's flag pole (shown in the picture) and since the pattern is already broken everything is set for us to make a deal!
*flag pattern can be bullish or bearish but in this situation It's bullish! flags change the price as much as their flag pole!
***Psychology and description of bear flag and bull flag :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
💡SNX: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#SNXUSDT
➡️Entry: 19.5$
🎯Target 1: 27$
🎯Target 2: 31.5$
🎯Target 3: 40$
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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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
Compare SNX chart to Chainlink Chainlink jumped to $50 from this point. Hopefully, SNX can make it to $35. Their charts looked similar, but SNX has been lagging lately. I am banking on $35 minimum this up coming 1-2 months
DYOR - I am still a noob
💡 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.
$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 consolidating for the last 67 daysSNX has retraced almost 50% from its all time high. The SNX/BTC chart looks to be bottoming. Falling wedge pattern is very bullish. Hopefully BTC keeps up its end of the bargain.
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.
BIG Rising wedge on SNXHopefully we hold this line and create a bullish divergence on the daily RSI.
Can SNX continue its parabolic trend line?This is on a logarithmic scale. Synthetix could see $100 EOY if it can continue along this gold trend line. Mostly depends on what Bitcoin does for the rest of the year.
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
