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SNXUSDT

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
Leg Up Before Healthy Correction Dose For SNX ?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ___________________________________________________________________________________________ ANALYSIS: SNX has been on a savage run with gains of 68% within 3 days, as it feels another AltCylce could be upon us. However, volume appears stagnant in which could result in a micro correction towards lower VWAP levels. But if there is an RS Flip @ the $12.18 resistance level, due to an increase in money flow from larger Alt's and BTC, SNX can see some resistant free positive price action
by AB_Trading-Intelligence
SNX (Y20.P5.E1).Stalking a breakout tradeHi All, Another one I overlooked, was stalking it but lost focus. Hmm. Previous post link below. This does look like an inverse H and S and hence the 1st Target. MY THOUGHTS: If the weekly resistance stops it, then look to buying in at the level suggested if a pullback happens. If it does break, look for a retest on the weekly resistance before buying in. To go long, I would like to see a daily candle open and close above the weekly level. All the best, S.SAri Weekly chart..,bullish in structure. Should do well in ALT season. Possible scenarios PREVIOUS POST
Long
by ssari
2