SNXUSDT
SNX IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the snx symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SNXUSDT
Here we have R2 and R1 as the resistance areas that express the price was not able to rise at different points. S1 used to be a resistance line. And S2 is a long-term support area in this chart containing the support of price even since the past. Thus, we have the price fluctuating over S1 line in a rising trend after breaking this line upward and we expect it to resume its rise and reach R1. Then by having some rising signs there, we would wait for an increase. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area would happen in case the price is supported at R1. In case R1 area is lost and the price is not supported, more fall is predicted there for it to touch lower amounts. So we suggest you to put your trade orders by the time the price is on the pullback toward S1. If the price falls below S1, definitely more decline will happen. Please bear in mind to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Synthetix (SNX) Ignites Market ExcitementIntroduction:
Synthetix (SNX) is a decentralized protocol that allows the creation of synthetic assets on the Ethereum blockchain. It has been gaining popularity in the cryptocurrency market due to its unique functionalities and innovative approach to synthetic assets. In this technical analysis, we will examine the SNX/USDT trading pair and provide an overview of its current trend and potential price movements.
Current Trend Analysis:
SNX/USDT has been moving in an uncorrelated manner compared to most of the coins in the cryptocurrency market, indicating strong price strength. This strength can be attributed to the major resistance level that was broken on the daily timeframe. This breakthrough suggests that the mid-term uptrend is likely to continue.
Price Predictions:
Based on our technical analysis, we anticipate a major 40% price increase from the current level. However, investors need to watch out for a new lower low, as this could invalidate the bullish outlook.
Conclusion:
In conclusion, the SNX/USDT trading pair presents a promising opportunity for investors to participate in the growth of the Synthetix protocol. Its unique functionalities and innovative approach to synthetic assets make it a valuable addition to any investment portfolio. With the current trend and potential price movements, it is crucial to stay informed and vigilant to make the most out of this opportunity.
Synthetix (SNX) formed bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on Synthetix ( SNX ) token with BTC pair.
On a 4-hr time frame, SNX has formed a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SNX: Buy the dipHello Traders!
Welcome back to another trade with Analyst Aadil1000x.
Today we are going to set a buy limit in SNX at the key reversal area.
SNX Buy Limit @ 2.569
Stoploss 2.521(-1.87%)
Target 1, 2.643(+2.88%)
Final Target 2.755(+7.24%)
Don't forget to hit the like button and follow to stay connected