SNXUSDT There is a falling Wedge on SNX token. Wait for the confirm breakout upside. The target would be 17.
Snxusdtlong
Synthetix Fortune Favor the Brave
What Is Synthetix (SNX)?
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
- Trading this Token could be very impressive Gains, 300%, 600%, 750%. Everything is only depending on your strategy :
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Trading Plan
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Plan A :
Buy : Now a bit ( if u trade it for long term hodl)
Safety Buy : 3.5$
Rebuy : 2.5$ ( Bottom )
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Plan B :
- Wait for strong breakout and buy (Breakout Line in the graph)
- Buy Zones after breakout : 5,5$ to 7.5$
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TP 1 : 14.4$ (Security TP)
TP 2 : 23.4$
TP 3 : 28.9$ ( before ATH )
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SL : No Need
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- Follow always TheKing closely, play as Trader, don't be greedy and don't be fearfully.
Happy Tr4Ding !
SNX/USDT - Potential 180% SetupHello Traders!
SNX underwent a full business cycle, the price corrected to 2020 values.
The price found support near the level of $3.62 and the asset is in the accumulation phase.
We can observe for purchases in the range of $3.62 - $4.10 and hold the position based on the correction of downward movement to the main selling zone of $11.50 - $13.50
It is reasonable to close the position using stop-loss if the price goes under $3.28
The targets will be the following price levels
$7,35
$9,28
$11,50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Synthetics (SNX) Analysis 07/03/2021Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix.
Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia.
Peter McKean, the project’s CEO, has over two decades of experience in software development. He previously worked as a programmer at ICL Fujitsu.
Jordan Momtazi, the COO of Synthetix, is a business strategist, market analyst and sales leader with several years of experience in blockchain, cryptocurrency, digital payments and e-commerce systems.
Justin J. Moses, the CTO, was the former director of engineering at MongoDB and deputy practice head of engineering at Lab49. He also co-founded Pouncer.
What Makes Synthetix Unique?
Synthetix is a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is designed in a way that exposes users to the underlying assets via synths, without having to hold the underlying asset.
The platform allows users to autonomously trade and exchange synths. It also has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange.
The platform tracks the underlying assets using smart contract price delivery protocols called oracles. Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for third-party facilitators.
SNX tokens are used as collateral for the synthetic assets that are minted. This means that whenever synths are issued, SNX tokens are locked up in a smart contract.
Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency.
How Many Synthetix (SNX) Coins Are There in Circulation?
The maximum supply of SNX is 212,424,133 coins, of which 114,841,533 SNX is in circulation as of February 2021.
At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
How Is the Synthetix Network Secured?
The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees.
Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards.
Total of 3 TPs with Fibonacci Projection
if 2 TP triggered then 3 TP is confirmed
easy trade it is
SNXBTCSNX shows a very good chart and I think we can trust SNX and publicly we see a positive movement in the coming days
SNX usdt ⬆️⬆️Snxusdt 1D chart is looking great forming ascending triangle and cup&handle. Waiting for breakout play the leg-up move.
SNX ANALYSISHere's a quick look a t SNX 1D chart. As we can see, the price has been showing to break a trend line a nd make retest to it.
7.225-7.6$ work as heavy resistance and w e need to breakout this.
Definitely one to keep an eye on .
The best entry at Support level also on trend support and after breakout and retest.
targets
7.33$
7.6$
8.5$
8.9$
10.29$
11.1$
keep holding it
SNX show huge pump anytime as shown before
thank you
SNX/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX/USDT is making bullish falling wedge pattern Broke out the support level and retesting it and RSI is making some bullish divergence moves.
Entry: ACCUMULATE BETWEEN $7.73 TO $7.57
Targets:
$ 8.38
$ 9
$ 9.7
$ 10.8
Stop Loss: BROKE OUT AND CLOSE DOWN SIDE THE IMPORTANT SUPPORT LINE
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
SNX/USDT 4HOUR UPDATEWelcome to this quick SNX/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-SNX/USDT price is moving in a falling wedge pattern and It needs to breakout the current support and trend reversal for a clear uptrend.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $7.38
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
SNX FALLING WEDGE DAILYSNXUSDT ( Daily Chart ) - Technical Analysis
Entry : 7.2 - 7.7
TP 1: 8.40
TP 2: 9.60
TP 3: 10.90
TP 4: 13.00
TP 5: 15.00
Stoploss : 6.1
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
If you want me to share these trades here, hit the like button and share your views in the comment section.
Snx - Road to $28Snx double bottomed confirmed and is ready to move. It is going move really fast to $28.
Keep an eye on this its about to explode.
SNXUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 18 - 21 - 23
after first target reached move ur stop to breakeven
stop: ~9.7 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
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SNX vs USDEntry at 9,50
Stop at 9,20
Target 15$
Target 1 20$
Target 2 27$
Target 3 83$
We are just forming a Cross on the Stochastic RSI following with a higher low on the RSI and a higher low in price
This trade I'm using a extremely tight SL on just 4%
SNX beautiful reason to 🚀🚀 🤑🤑SNX as begin a new uptrend.
Reason
For every upswing, it first HH(Higher High) forms a Support level for it next Upswing. You can notice in the image above
And here is how: T1's high( resistance level ) forms T2's low( support level )
T2's high( resistance level ) forms T3's low( support level )
and finally
T3's high( resistance level ) forms T4's low( support level ) but if it doesn't form its sure to bounce in between T2 and T3 high.
But be always be sure to wait for a retest, for every trade you take.
Remember your risk management. Finally Goodluck in your trade.
NeutralHi guys, I think the best time to buy is when the price reaches the support point near the uptrend, and by stabilizing the loss limit of the line, you can use the price hike.
SNX/USDT is making semetrical triangle SNX/USDT
He is making setime frame is 4 hour
metrical triangle on 4 hour time frame
more chances have to breakout because its shows bullish divergence on one day time frame
Keeep eyes on it
Dyor
snxusdtsnx serious dip, keeping an eye on resistance level if bulls will save this token.
Strong rejection at 11-12 will send it back to 9
trade safe.....
LONG SNX⬆️Buy @ 12.5
✅TP1 @ 14.8
✅TP2 @ 16.30
✅TP3 @ 20
✅TP4 @ 23.25
✅TP5 @ 25.40
✅TP6 @ 30.70
⭕️SL @ 11.5 ( D Close)
SNX sugar....SNX is another coin that has not pumped in the recently rally, we think the bullishness for the entire crypto space will spread like wild fire and it's only a matter of time it reaches the SNX camp.
BULL CASE
Price may find immediate rally from, blast past it and find consolidation well above the 200MA near the $20 levels.
BEAR CASE
In the event price dumps from here, we think the immediate support at 11.2 will hold and it rallies into the bullish Q4 of 2021.
SNXUSDT will go up soon!SNXUSDT will up up soon
you can buy in this price (11.35) and wait until it goes to 13-14 and maybe 15 and so on
Stoploss point is 10.50
SNX LongSNX looks bullish considering dominanance looks bearish as well as most of the altcoins below SMA200 hitted SMA200 or even higher, so we expect SNX to follow ETH as well and hit at least its SMA200 which is around 15.
NFA
