SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update
BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days.
Buy zone : Below $1.77
Stop loss : $1.50
Take Profit 1: $1.99
Take Profit 2: $2.40
Take Profit 3: $3.30
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Snxusdtlong
#SNX/USDT#SNX
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 1.60
We have a trend to dot higher than the moving average 100
Entry price 1.72
First target 1.88
Second target 1.98
Third target 2.11
#SNX/USDT
#SNX
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $2.50 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.60
First goal 3.26
The second goal is 3.60
The third goal is 4.20
#SNX#SNX
The price is moving in an upward trend on a 4-hour frame, and the price is about to bounce back higher
We have a Resin support area at $4.34
We have a downtrend on the RSI indicator that is about to touch it again
We have a higher stability moving average of 100
Entry price 4.34
The first target is 4.65
Second goal 4.91
Third goal 5.17
Synthetix (SNX) Primed for Bullish Surge After Decisive BreakoutFollowing a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX.
The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80.
Key Levels to Watch:
Resistance 1: $7.40
Resistance 2: $13.80
Support: $3.00
🚀 SNX: A Crypto Marvel Unveils Its Potential! 🌐💎Greetings Crypto Enthusiasts! 👋
SNX, a true gem in the crypto cosmos, shines brightly with a market cap of 958M.
📊 SNX Essentials:
Market Cap: 958M
Circulation Supply: 304,391,280 SNX
Total Supply: 328,193,104 SNX
TVL : 647M
⚖️ Chart Analysis:
Accumulation Unfolding: Witness the grand accumulation depicted by the dark green rectangle and a smaller, already conquered one (light green rectangle). A potential retest might linger until the yellow trend line. Brace for the skyward journey upon the breakout from the larger accumulation.
⚡️ Trading Strategy:
Timing is Everything: Recognize the market's correction mood. This is a weekly chart, demanding a patient stance – could be a day, could be months.
Strategic Alerts: Set alarms at 2.61 - 2.00 - 1.45. Distribute your SNX funds into thirds, ready for action at these levels.
📈 Optimistic Outlook:
While the current level may signal a reversal, patience is key. Hold off on buying here. Anticipate reaching the upper red level, with a realistic mindset.
Golden Rules:
DCA Always: A timeless strategy in crypto.
DYOR (Do Your Own Research): Knowledge is paramount.
No All-In: Navigate wisely; avoid going all in.
🚨 Disclaimer:
This isn't financial advice but a friendly guide for strategic crypto exploration.
Wishing you the best on your SNX adventure! 🚀🌟💰
Synthetix(SNX) Can Pump 🚀➕20%🚀👋Hi, I hope you have a Great Weekend🥳.
📈Today, I want to share with you an analysis of the Synthetix(SNX) project , which can increase the price by more than 🚀➕20%🚀 in the short-term .
📚 What Is Synthetix (SNX)❗️❓
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol.
🏃♂️ Synthetix (SNX) has been moving in a Descending Channel for about 40 days and is currently moving near the 🟡 Potential Reversal Zone(PRZ) 🟡, ⚫️ Time Reversal Zone(TRZ) ⚫️, and Support line .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Synthetix (SNX) to start rising soon and go UP to at least the top of the descending channel after breaking the Resistance line and possibly breaking this channel.
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SNXUSD 👉( SPOT )
🟢Position: Long
✅Entry Point: 3.280 USD (Stop Limit Order)
⛔️Stop Loss: 2.880 USD
💰Take Profit:
🎯 3.679 USD RR==1.00
🎯 3.987 USD (Over ➕20%)
Risk-To-Reward: 1.77
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Synthetix Analyze (SNXUSD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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SNXUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Target: 5.5 - 7 - 8.2
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
SNX/USDT bullish horizons from Demand Zone? 👀🚀 SNX Analysis💎 Paradisers, let’s zoom in on #SNXUSDT as it’s exhibiting a pivotal market behavior. SNX is currently nestled in a demand zone, poised for another assault on a key resistance area.
💎 #SNX recently faced a setback at the resistance level of $4.964. Presently, it's regaining strength in the demand zone. If it can maintain this upward momentum, we could see an ambitious push towards the significant resistance level at $6.006.
💎 Nonetheless, navigating the unpredictable crypto market demands flexibility in strategy. If #SNX struggles to keep above the $3.806 demand level, a strategic rethink may be required.
💎This scenario might see us anticipating a bullish recovery from a lower support at $3.227. Importantly, if NYSE:SNX slips below this crucial support, it could be a harbinger of a bearish trend.
#SNX/USDT#SNX
The price is trading in a large descending triangle and has been gaining bullish momentum recently
Supported by reversal triangle patterns
The price is now in the downtrend breach zone at
the current price of 2.37
With the first goal 3.27
Second goal 4.32
With oversold conditions
During the uptrend there may be some price correction
SNX / SNXUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Will SNX go up by another 50%?Hello everyone!
Synthetix is another asset that has been trading sideways for a long time. On average, the movement from one side of the trading channel to the other is 50%.
Currently, the asset is in a good buying zone. The RSI indicator also shows that it is oversold.
Targets on the chart.
This is not financial advice, and anything you do is at your own risk.
Safe entry after defeating the blue boxConsidering that this currency has come out of its downward channel, the possibility of a growth of up to 34% for this currency is not far from expected, but the condition for entering a long position is to break the resistance range in the blue box.
But if we do not see a positive reaction to break this range, it is possible to return to the support price which is 17% lower.
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SNXUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 2.7 - 3.2 - 4
after first target reached move ur stop to breakeven
Stop: ~1.65 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions