SNXUSDT
SNX Synthetix 1D - Big Move Up ComingHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix (SNXUSD), a cryptocurrency altcoin.
In the chart I noted:
1) Synthetix price has respected the bottom trendline since October 2020 and most recently touched the trendline and bounced off of it. It is still hovering around this area.
2) Around the end of November 2020, the price began it's parabolic move of about 600%. That move ultimately brought the price back to the bottom trendline after 234 days. Assuming from that day to 234 days into the future (Feb 2022), we could see the price once again touch the top trendline which it has not touched recently as the price has been consolidating since May 2021.
3) Assuming we begin the move upwards, that would be a 130-135% gain in Synthetix price. This wouldn't be an immediate move up as we have Support and Resistance areas to overcome.
4) Also the RSI (relative strength index) is about to potentially form a double bottom, which could drive the prices higher as shown historically.
5) If the price touches the top of the trendline and has a breakout of the long term triangle pattern, we could see a significant price upside.
6) The Volume over the past few weeks has been less, which is usually not the case. This may be a signal that a move is coming.
7) If the price breaks below the bottom trendline and stays below it for more than a few days, this idea may be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Rise of DeFi is near Let me be clear on one thing, we are in the Bull market and Altseason is happening. It is only a matter of time which one pops first.
As you can see some of the big names in DeFi are consolidating for a long time.
I believe all these four will need to complete another fill Fib Retracement as It has the potential, Volume, and Liquidity.
If we look at their rise on summer DeFI we can guess it might happen just before BTC reach its all-time high. Guessing the ATH of BTC is another subject but I see a huge opportunity in Giant projects in DeFi that have been quite for some time.
Synthetix can still Show Growth in the Third WaveGreetings to you! On July 6, I predicted the beginning of the third wave, the idea of which is still relevant to this day.
The expected superfast growth did not occur and even dragged on, which may indicate the incompleteness of wave (2). However, I stick to counting waves, where wave (3) forms itself in pieces.
Wave 1 of (3) is the leading diagonal, and wave 2 of (3) is either already completed or on the verge of completion.
The price crossing the key level will confirm the presence of a bull market.
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is stuck in a range and fluctuating. If the price drops and stabilizes from each sides, it can move in the same direction.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
#SNXUSDT #SNX#SNXUSDT
#SNX
85% possible #SNXUSDT Breakout (Flat Top/Bottom) Trendline And Weekly Resistance Will Breakout And Then retest If Price Bounce Back Then Possible We Can See 18.00 $ Last Tp
Keep in mind.
🟢 ; Multiple Rejection Structure
🟣 ; Month Frame Structure.
🔴 ; Weekly Frame Structure.
🔵 ; Daily Frame Structure.
🟡 ; 4.H Frame Structure.
⚪️ ; 1.H Frame Structure.
#SNX Synthetix 1D - Move comingSynthetix SNX is in a large triangle pattern but let's look at the small descending channel for now. It seems that there may be a potential breakout coming up. If SNX breaks the resistance around $13, it may get a chance to move higher.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
SNX Weekly Potential Explosion aheadWell in the weekly charts It has very similar situation to the last time that it broke a trend and raise to 800% ant then came down for price correction.
I see the same potential, at least in long term Condition, Dramatically Target will be 86 or maybe 100$ as shadow but less Fantasy targets are resistance levels that are obvious in the chart 20$-30$;
This is not a financial advice for selling or buying at all. Just a technical analysis.
SNX/USDTSNX forming a rounded bottom on the daily chart underneath resistance of $10.70. Measured move of 22.5% upon confirmation of breaking resistance sends it towards resistance of $13 which will also coincide with an attempted breakout from the macro downtrend line SNX has had since it's ATH in February. RSI has also broke resistance and above 50..
It’s going to get interesting very SOONThis chart looks really good to me:
After reaching the all time high, price made some lower highs and as it was unable to creat a new higher high it dropped heavily and the market sentiment changed from bullish to bearish.
The last bullish correction got rejected and retreated to the 618 fibonacci level,
And we are currently trading above this level.
We are holding well and the accumulation phase is lasting for about 2 months now.
I think $SNX is ready to start a new bullish trend and it will happen this week.
First target should be around $14 and I will wait and see the reaction of the market after that.
Stay tuned and follow me on tradingview to get notified of the next step.
Cryptosep ;)
#5 | Synthetix Network Token vs Tether (SNXUSDT)I had multiple options for the last pair to share with you today, I found many mentioned in the comments section that looked good.
These were CAKEUSDT and BZRXUSDT, I went for Synthetix Network Token (SNXUSDT) since we already have a trade active for this one.
To spot these bullish charts, the Fibs can be very useful/important.
Notice here how bullish action takes place above the 0.382 Fib. extension level, this is marked light blue.
Each Fib. level here below the current price can be considered strong support.
Above the current price, I call these resistance levels or targets.
Since we have kind of a curve coming up from the candles, yes, I look at that... This can signal that things are about to move up.
We have this curve pattern showing up, with increasing volume, bullish indicators, and prices breaking above EMA50... The rest is on the chart.
Namaste.
SNX ab=cd pattern to $40#SNXUSDT
$SNX broke out from descending resistance line and head up to break the long term one that is the same with a resistance zone. if bulls success to close a weekly candle above resistance zone price will head up to touch $19.
an AB=CD pattern can complete around $40.
if price break down from ascending support this bullish scenario will be invalid.
SNX Looking READY for Liftoff #SynthetixOn the daily charts I noticed that it appears that SNX could be forming one of the largest bull flags I've ever seen. This is not trading advice, but I'm personally long on SNX since it has yet to mark up and return to it's ATH this cycle leaving plenty of potential for gains. It's very possible that it could consolidate to gain momentum for a little longer, but eventually, SNX is going to melt faces. Additionally, Sythentix Network is an awesome project with plenty of support on the fundamental level.
Best of luck on your trades and please don't risk anything you can't afford to lose (especially your sanity).