SNXUSDT
SNXUSDT and easy trade to followIm bullish sorry for being bullish, is this one get rejected on the first vertical or horizontal resistance or if this one loose the vertical support that is maintaning the bullish trend STRONG BUY ZONE but better be on the train with risk managment than be outside good potencial R/R.
SNX Bullish pattern formingOn the daily timeframe we appear to be respecting an upwards trend channel which more or less line ups with the fib retracement.
Important to note the 1h and 4h timeframes are approaching oversold, I am hoping to catch an entry a little lower, if it drops to around the 4.98-5 USD mark I think there will be more momentum for a pushup to around 5.80 and then 6.18 USD.
SNX (Y20.P5.E1).Stalking a breakout tradeHi All,
Looking at the 12 HRLY chart, and waiting for the 3 touch and a breakout after that.
SNX has huge potential
Close up
12 HRLY chart
Potential macro targets if it breaks through
2 day indicators are bullish, as it doesn't have much history to gather larger time frames
Ensure you have alerts set on via Tradingview.
All the best,
S.SAri
✳️Synthetix Network/USDT (1/11) #SNX $SNX #SNXUSDTAfter breaking the Descending Triangle pattern, SNX is now heading to the 1.5$ zone. However, there is likely to be a significant buying force in the 2.5-2.75$ zone and we can believe in for target 3.5$.
If the 1D candle closes above the 3.5-3.75$ zone, the SNX easily rises to the 5$ zone.
📈BUY- LONG Strategy
- Buy: 2.5-2.75$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 3.5-3.75$. Stoploss if A
- Sell: 5-5.25$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 2.75-3$. Stoploss if A
- Buy: 2.5-2.75$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Synthetix SNXUSDT - Rectangle and bearish triangle- Looking terrible for this alt coin
- The price is currently moving sideways, forming this bearish rectangle - continuation pattern
- The price is below 2 trend lines, which is bad
- Expecting lower prices in short term
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Snx/usdt break support level soon ?Snx/usdt tested this strong support 4 times before
And every time it touched it ...it give good bounce
Now its the 5th time and i expect it will break the support this time as repeated test same support makes it weaker
Also btc Dominance now is in increase and this one can do good profit in shorting
Wait close below that level if looking for more confirmation and short when retest as a resistance
Next potential support the can give some bounce is around 2.9$ - 2.7$
Synthetix SNXUSDT - Descending triangle is breaking down!- Looking very bad for SNX coin right now
- The descending triangle is already broken, so we can expect much lower prices in the immediate short term
- You can profit by using futures market (short position)
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Synthetix SNXUSDT - descending triangleYou can short SNX on crypto futures market, if you want to profit from upcoming crash. There is an descending triangle, which is a bearish pattern. Also, the major trend line is broken and bulls could not defend the trend line.
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