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SNXUSDT

Best chance to BUY before SNX takes off! SNX had already broken out from its bear trend before the "crypto crash". IMO the crash is nothing unusual compared to what we've seen before. Corrections are important so that we can continue our pumps. RSI looks good for SNX although we might need some time for it to bring back the bulls. BUY at any level lower than the 'Buy zone' that I have marked and take your profits around where I have marked. I would take 25% - 50% profits and leave the rest to run. That way you won't miss out on any more gains if the bear run continues. If you are buying SNX for the long term, I wouldn't take any profits until Q4. Just an idea ;)
Long
by tjinan
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
Long
by CobraVanguard
34
THE DERIVATIVES LIQUIDITY PROTOCOL ;(SNXUSDT Analysis)Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. coinmarketcap data: Market Cap: $2,399,790,445 - Market Cap / TVL Ratio: 0.9947 Fully Diluted Market Cap: $4,438,928,942 - Total Value Locked (TVL):$2,383,366,388 Volume24h: $177,713,537 - Volume / Market Cap: 0.07479 Circulating Supply: 114,841,533 SNX - Max Supply: 212,424,133 What Is 🌟 Synthetix (SNX) 🌟? Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market. ❇️Who Are the Founders of Synthetix? The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix. Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia. ❇️Conclusion Synthetix has already delivered one of the most complex and useful protocols built on Ethereum to date. But the potential for censorship-resistant synthetic assets is still largely untapped. Further improvements to the mechanism as well as functional upgrades and new Synths will vastly increase the utility of the platform. Movement to a decentralised governance process will also reduce systemic risk and increase the long term viability of the project. Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency. refrences: coinmarketcap - synthetix.io ------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As you can see in the weekly time frame chart for SNX/USDT, the price is trading at around $20.7 . The Synthetix has been involved in a rising channel so far and the price of this currency has grew up more than 800 times until now , It has hit the middle more than 5 times and has not been able to break it upwards, but if it succeeds, it can grow to its ceiling, and I think after all this growth, it needs to be slightly modified now, finally up to EMA50 It can come down,in which case it is safer to enter and has a very attractive and potential option. (Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍plz hit that damn like button if you like it
Long
by PRO_SMART_Trader
1