SNXUSDT 1WSNX ~ 1W
#SNX If you still have Conviction on this coin,. This support block will be a very good buying place for now. buy from here with a minimum target of 20%+
SNXUSDT
Technical Analysis of Synthetix Network Token (SNX/USD): Key LevThis analysis examines the price movement of Synthetix Network Token (SNX) on the weekly timeframe. The structure of the waves and key trendlines have been identified to help traders determine entry and exit points.
Key Highlights of the Analysis:
Strong Support Zone ($1.75–$1.429):
The price has recently reacted to a critical support zone between $1.75–$1.429, showing a strong rebound.
This zone is significant due to the completion of the fifth wave and its alignment with historical support levels, making it a crucial entry point for buyers.
Descending Trendline:
The price remains under the influence of a long-term descending trendline that has capped further upside movement.
Breaking above this trendline and holding above $2.5 could signal the beginning of a new bullish trend.
Key Resistance Level ($5.884):
The major resistance lies at $5.884, aligning with the peak of previous waves.
Reaching this level could serve as a medium-term target for buyers if the price successfully breaks the descending trendline.
Stochastic Oscillator:
The stochastic oscillator is moving toward the overbought region, suggesting a potential short-term correction.
However, further upward movement is possible, especially if the price consolidates above $2.5.
Potential Scenarios:
Bullish Scenario:
Breaking the descending trendline and surpassing the $2.5 resistance could push the price toward $5.884. This scenario is ideal for medium- to long-term traders.
Bearish Scenario:
If the price declines and retests the support zone at $1.75–$1.429, this area could provide another buying opportunity.
Breaking below this support zone could lead to further declines.
Conclusion:
With the technical structure and key levels outlined, Synthetix Network Token is at a critical juncture. Traders should closely monitor the price’s reaction to the descending trendline and the support zone.
SNX LongThe Accumulation Phase (2023-2024) is marked on the chart, showing a period of consolidation where price moves within a range. This phase indicates that buyers and sellers are reaching equilibrium, setting up a strong foundation for future price movement.
The Demand Zone (2025) is represented by the blue dashed area, a key level of support where price could experience a bounce. This zone is crucial as it could offer an entry point for long trades before a potential breakout.
The chart projects a Bullish Breakout (2025 and beyond) , where the price is expected to rise significantly after the accumulation phase.
Potential Target: The price is projected to rise significantly after the breakout, potentially reaching targets as high as $16 based on the breakout from the demand zone.
Overall Outlook: The chart suggests a well-planned accumulation phase with a likely bullish breakout in 2025. Keep an eye on the demand area for potential entries and watch for upward momentum as price breaks above key resistance levels.
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone.
💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation.
💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet.
💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes.
💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop.
🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient!
MyCryptoParadise
iFeel the success🌴
#SNX/USDT#SNX
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2.16
Entry price 2.20
First target 2.24
Second target 2.31
Third target 2.40
#SNX/USDT
#SNX
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $2.50 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.60
First goal 3.26
The second goal is 3.60
The third goal is 4.20
TRADE SNX...Hello friends
According to the upward trend, it is expected that the specified range is a good range for buying, the loss limit and the profit limit are also specified.
This analysis is only reviewed from a technical point of view.
Don't forget capital management, friends.
SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update
BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days.
Buy zone : Below $1.77
Stop loss : $1.50
Take Profit 1: $1.99
Take Profit 2: $2.40
Take Profit 3: $3.30
Thank You
Hexa🧘♀️
#SNX. Great entry point and upside potential. 11/21/24Synthetix Network Token (SNX) is an Ethereum-based token powering the decentralized protocol for issuing synthetic assets, Synthetix.
Synthetic assets are created when SNX token holders provide them as collateral using Mintr, a decentralized application for interacting with Synthetix contracts.
Currently, the protocol supports synthetic fiat currencies, cryptocurrencies, and commodities.
The situation is similar to #DYDX. The token is in a sideways trend and near the lower boundary. Buying at current levels up to $1.22 is a reasonable idea for spot trading. The nearest target is $3.144. On spot, you can easily achieve at least a 2x return.
SNX buy setup (12H)SNX seems bullish. We have iCH on the chart and important trigger lines have been broken and it has stabilized on the upper orderblock range.
By keeping the last OB, you can move towards the targets.
Closing the daily candle below the invalidation level will violate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
SNXUSDTSNX ~ 1W
#SNX If you still have Conviction on the coin,. This is a great support block to start buying again. at least for 20%++
SNX looks ready tooLot of great setups on the market now... lot of super bullish structures and SNX is one of them.PA and TA is pure bullish. Target red MA. GL. If you have any questions, let me know in comments.
NOT A FINANCIAL ADVICE + MANAGE YOUR RISK AND USE STOPLOSS
SNX/USDT PLAN The SNX/USDT breakout and retest have been confirmed on 6h time-frame, and it’s encountering slight resistance on the 4-hour timeframe. I expect another breakout soon, with the next target above $2. Not financial advice—do your own research.
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.557 .
Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.660 .
RESISTANCE LEVEL (2) : 1.767 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.445 .
SUPPORT LEVEL (2) : 1.284 .
TURNING LEVEL : 1.557 .
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 1.395 .
Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 .
Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 .
SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
SNX Possible SHORT Setup - Aug 15 2024Crossing Below the blue trendline will most probably take SNX to much lower levels. (Possible rising wedge pattern)
TPs: 1.225 - 1.138 - 1.070 - 1.0 - 0.93
Don't use high leverage and set SL just above the blue trendline.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
SNX mid-term analysisSNX is trading below a bearish trend line.
The big SNX structure is completely bearish.
It is expected to reach the demand range in the medium term and then move upwards.
We are looking for buy/long positions in the demand range.
Closing a weekly candle below the demand range will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25).
Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
#Snx 1W chartNYSE:SNX 1W chart;
At its level in June 2022. Therefore, it continues its course in the cheap zone
While the pattern formation with its harmonic structure continues, it is also nearing the end of the trend contractions from October 2021 and March 2024
After the movement on the Bitcoin side, we may see a journey up to the target zones on the chart
OB will complete its pattern with the resistance level seen.
SNXUSDT 1WSNX ~ 1W
#SNX In the past this was a very strong demand zone for price bounce.
At least for a 20%+ upside from here.
#SNX/USDT#SNX
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 1.60
We have a trend to dot higher than the moving average 100
Entry price 1.72
First target 1.88
Second target 1.98
Third target 2.11
SNX LONG ideai see SNX in range (consolidation) now we did have 3x bottom, and agresive downtrend line brake. + CTB (couter trend line brake - orange line). I would rather see trend brake before enter long, but i think its worth trying anyway becourse bullisht sentiment on crypto.
