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SNXUSDT

SNXSynthetix’s SNX token rose over 14% in the past 24 hours as developers said the protocol’s decentralized autonomous organization (DAO) had renewed a deal with liquidity provider Jump Crypto. DAOs are entities that have no central leadership, and are owned and governed by their members. Their decisions are carried out by software rather than by human managers. “Jump Crypto’s experience in data-driven trading and liquidity provisioning will complement Synthetix’s mission to become the liquidity backbone for on-chain derivatives,” developers said in a tweet on Thursday night. The Chicago-based trading firm is expected to work closely with the Synthetix network to provide liquidity across listed assets and product feedback. Jump Crypto provides liquidity services and investments, and it participates in project governance. Synthetix didn't immediately respond to a request for comment. SNX rose to as much as $3.37 during Asian trading hours before profit-taking caused the price to decline to $3.25 at press time. The tokens have gained over 19% in the past week, but only 4% compared with the past month after a market-wide decline pushed prices to monthly lows of $2.13 in early July. However, the fundamentals remain strong. Since March, Synthetix has recorded trading volumes of over $2.8 billion, mainly from its atomic swaps and perpetual swaps products. Atomic swaps refer to an exchange of cryptocurrencies from separate blockchains. These use Uniswap and Chainlink live prices to ensure traders' accurate execution. Popular products on Synthetix include ether (ETH), bitcoin (BTC) and chainlink (LINK) token derivatives traded against Synthetix USD (SUSD), a dollar-pegged stablecoin. The pairs have seen over $40 million in trading volume in the past 24 hours, Nomics data shows. Market Cap $355,347,258 On the technical side: If we consider the weekly TF. We have a weekly timeframe built on big timeframes. You can work from the border of the lower channel and gain position during the test.
Long
by MaxsimusTrade
18
Synthetix SNX - Bullish head and shoulders! Elliott wave SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target here, between 9.19 USDT to 8.02 USDT. We have a huge descending parallel channel and I think we can definitely break through this channel! I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
COINBASE:SNXUSDLong
by UnknownUnicorn2537518
24
SNX - SYNTHETIX - PRICE ACTION UPDATEJust a follow up video to the previous introduction to the AriasWave interpretation of SNX. The previous count was only slightly off with critical support maintaining price action contained. After quite a strange looking 1-2 pattern this eventually started exploding to the upside. Needless to say it was another good pick amongst these times where good moves are hard to find... early. The aim here is to try and get into these trades in a timely manner and AriasWave predicts the price action which allows it. I have linked the previous SNX idea below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - SYNTHETIX - Trade Setup Using AriasWaveI have been scanning though a bunch of tradable cryptos on Binance and looking for interesting setups. This one in particular seems like a good fit especially for my members that will understand this one nicely. If you know the waves you can grow the gains with confidence and conviction. Check out this video and see how the trade plays out. If you find the knowledge useful, you may want to consider learning how to use AriasWave to identify these setups yourself. These setups are happening all over the place, right now it is hard for me to keep up with the demand for this knowledge. Here on this channel I provide you with the Cryptos that I feel have the most potential for some good gains with low risk. Try not to get attached to specific projects if you want to make money, instead try to find opportunities that make money. There will be a time when HODLing your favorite coins will be a great idea but that time is not now. We are in a bear market and all we are doing is trading bear market rallies. Enjoy the ride. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNXUSDT at Support - Seeing confluence to go longSynthetix has been ranging between the current support of $2.95 and $3.60 I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply Confluence: 1. Fibonacci golden pocket area 2. Value area low of the fixed range 3. Possible Trapped short traders 4. Failed aution on a TPO (Time Price Opportunity) chart 5. Bullish divergence on the 15m (Vumanchu cipher b) Not Financial advice. DYOR. Papertrade before using real money. If you like this idea, please comment, give a thumbs up and follow for more ideas like these. Safe trading guys! Shawn
Long
by zartraderguy
2
Synthetix Long-Term (868% Potential Profits)We have an interesting one here with Synthetix (SNXUSDT) and we start right away with the potential profits... Looking at the current price vs the All-Time High, we see a massive 868% potential for growth... If we zoom in and look closer, we can notice the highest volume ever for this pair, SNXUSDT, signaling that the bottom is likely in and a trend reversal is due. I will not show the chart here but you can zoom by hitting the "+" sign on the chart to see what I mean. (Focus on the volume indicator) After activating the June 2020 support (2 years), Synthetix is preparing for bullish growth. Namaste.
Long
by AlanSantana
14
📊 SNX moved 70% up ! Will it fall back down?Hello, dear TradingView members. This idea is an SNX analysis. SNX moved 70% up after their tweet. And the exciting fact is that the market is still not overbought. On a daily basis, the market isn't strong enough. Still, if we shorten the timeframe, we can see a bit of potential for moving higher. Two scenarios are possible for this chart: Scenario one: The price will push straight up or use support to break the resistance to the higher resistance levels Scenario two: The price will stay below the resistance area, and it'll lose power to reach higher levels in the next couple of days. The Speedometer indicator shows Buy volumes on the market for SNX on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
20