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SNXUSDT

$SNX - SPOT UPDATEPosition update on twitter can not be shared, since this is a new channel. Please check Coin_Analyst on twitter. You can find the update. $SNX has been one of the good trades from the last few weeks. The group entry is up by +51% 💰💰💰💰 Only 5% shy of our target. SIGNAL DATE SNX x BTC E: 0.0003526 , 0.00040330 T: 0.0006250 SL: 0.000336 PS:If you have any coin requests, comment on this idea. I will analyse your suggestions and publish them on tradingview.
Long
by TheCoin_Analyst
Synthetix Network Token (SNX) - Feb 3Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- You need to make sure you can get support at point 17.154. If it is supported above the 16.809 point, it is expected to rise to the 20.397 point. If you go down from 16.809, you can touch 13.732, so you need to trade carefully. However, there is a possibility of rising after touching the uptrend line (2). If it falls at the 10.446 point, a Stop Loss is needed to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
9
SNX/USD - Sell signal triggered. Correction due - $11 possibleAs indicated in my last idea, SNX has broken the yellow parabola and closed a daily candle outside. Therefore we're cleared to go lower now. Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart. The indicators are also very bearish with falling momentum and decreasing volume. Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason. Like and follow if you liked this idea!
Short
by DU09
5
Is SNX the STRONGEST DeFi Project?We might see SNX correcting to 0.5 or 0.618 of this bull leg before advancing to $24-35 which is 1.618 to 2.618 fib levels. In my opinion SNX is primed to be the number 1. DeFi project just because investors can trade derivatives (multi-trillion to unknown overall market value, possibly quadrillion) Remeber, current DeFi market cap is (ONLY) 33.2 Billion dollars. Recently, Mark Cuban who admitted he holds crypto said that DeFi is going to disrupt the whole financial space and market. The rocket has been launched.
KRAKEN:SNXUSDLong
by Pill_z
11
Top 10 Altcoin Picks in 2021! | Part 2 of 2Please see my other idea for Part 1 (ranks 1 to 5), linked below. 6. UNI (runner up: SUSHI ). DEFI market has seen unparalleled growth and decentralized exchanges like Uniswap have pioneered a new way of trading in the ETH ecosystem, whereby automated market makers and liquidity providers get a share of the trading fees plus incentives! Uniswap decentralized exchange is the leader by volume closely followed by Sushiswap. For this reason UNI and SUSHI - the tokens of the two decentralized exchanges - make it on our list. Important to also mention Curve as a dedicated decentralized exchange for stablecoins, with CRV as its native token. 7. SNX (runner up: ATOM ). Similarly, SNX or Synthetix is a derivatives liquidity protocol on Ethereum network. Meaning that you can issue synthetic tokens on its network linked to fiat, crypto or commodities. The possibilities are limitless and you can trade such tokens on the ETH network. To mint synthetic tokens one has to stake SNX - the native token of the network - hence creating demand and accelerating its market price, which exploded with the DEFI market. In this ever expanding market of crypto coins and blockchains, ATOM or Cosmos comes to clean it up by allowing different blockchains to communicate with each other. Sometimes described as blockchain 3.0 (1.0 being BTC and 2.0 ETH), ATOM is a good candidate for our runner up spot. 8. LTC (runner up: DASH ). If you are after a more agile, faster and cheaper alternative to BTC. LTC is your go-to coin or the "little brother" of BTC. Litecoin managed to carve itself a niche in the market and has consistently been one of the top coins by market adoption and usage. Whenever BTC or even ETH face congestions on their networks, LTC is a good alternative to move value for a few cents, unless you choose XLM (that one is instant and reason why is at the top of our list). DASH is our runner up because it has consistently shown sustained volume and adoption across the world with real use cases and a growing list of vendors accepting it as a payment method. 9. MRK (runner up: AAVE ). Maker or MKR is the governance token of the MarketDAO that allows users to issue and manage DAI (see above). Considering DAI is one of the most trusted decentralized stablecoins around, MKR should continue to increase in value, especially since its circulating supply is 1 million. With the crypto market set to explode, DAI and MKR will grow tremendously. AAVE is also a decentralized finance protocol that allows users to lend and borrow crypto and includes "flash loans" meaning the loan completes in the same transaction without collateral being needed. As an integral part of the DEFI market AAVA makes for a good runner up. 10. BCH (runner up: VTC ): BCH cannot be ignored simply because of its adoption level and market cap. As an alternative to Bitcoin, BCH will continue to remain one of the top 10 altcoins in the foreseeable future, with significant potential to grow further. It is also the 4th largest asset in Grayscale's massive $20 billion crypto portfolio. As a runner up, we have VTC or Vertcoin which I believe will have a great run in this current cycle thanks to its new mining algorithm set to launch at the end of January. VTC has been around since 2014 and is very similar to LTC. At only 20 cents right now, if the past is to be repeated, we may have a beautiful run ahead of us. Plus at the end of this year VTC will have its halving. Mineable coins have fallen out of fashion, however we may have a rebound in interest for such coins in this cycle. What do you think about the above list and what are your recommendations for this year? Let me know below.
COINBASE:BTCUSDLong
by DU09
2
SNX (Synthetix) Is Going Parabolic Although the crypto market has been pulling back, SNX has been heading ever higher! The coin is already up by more than 100% in 2021, and this may be just the beginning! SNX Momentum According to Nicolas Darvas, the writer of the famous book "How I Made $2,000,000 in the Stock Market", the stocks that are the most resilient in bear markets, and that even try to push up, are usually due to experience strong growth when the bear market is over. We can apply this theory to cryptocurrencies as well. The coins least affected by the bear market and those that recover quickly will probably boom in the bull market. SNX currently fulfills these criteria as the crypto market took a hit early this week, but the token has already recovered and made new all-time highs! Watch The Volatility If you decide to enter SNX (or you are already long), then it is essential to note that the volatility has increased strongly in 2021, as portrayed by the ATR. The Average True Range (ATR) is a volatility indicator. Many traders use the ATR as a trailing stop loss; for example, they may place their stop loss at two times the ATR. So if you buy SNX at $15, and the ATR has a value of $1.88, then your stop loss would be at $15 - (2*$1.88) = $11.24. On January 1st, the ATR value was $0.88, while today, the ATR value more than doubled at $1.88. Even if you don't use the ATR as a trailing stop loss, you can use it to judge how volatile the market is and whether you should make your stop loss wider or narrower.
Long
by cryptohopper
SNX/USD - Warning, retrace possible to $5-6!SNX has done a 5x since November and now we are at the top of the ascending channel. This is a danger zone! There is also a bearish divergence on all three indicators: MACD / RSI / Stoch RSI = higher price and lower top on indicators = we're losing momentum. This is not good. A good indicator to sell is when the yellow parabola will break. When that happens, there is little reason to hold onto the coin or buy, we need to find support again which is quite some way down at $6-7. Therefore the bias is bearish, we may have one or two impulses up still, but it is hard to justify buying here. Be careful. Do not FOMO. SNX shows clear signs it will correct. Breaking the long term ascending channel up would be extremely bullish, but also dangerous to trade due to sharp volatility. Watch closely. Like and follow if you liked this idea!
Short
by DU09
2