SNX Bullish Pennant BreakoutSNX cryptocurrency price made breakout of the bullish pennant good buy here
Buy : below 17$
Stop : 14.8
Target : 19 , 21 , 25
Snxusdtlong
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.
SNX/USDT Price Discovery TargetNot much to say here: SNX has entered price discovery, consolidated and held up well. Parabolic move very likely. Major upside ahead. Approx. 110 Million Staked on Synthetix Network out of 114 Circulating supply. Low liquidity on exchanges could see this thing fly above target.
SNX breakout signalSNX breakout signal (BTC pair)
Entry between 2220 - 2555 - 2880 (3 entries 33% each)
Stop if close daily below 2200
🎯 Targets are 3900 - 5100
SNXUSDT:Good opportunity for LongAt 12H, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud .
At H3, the cloud is directing downward, indicating a price correction at the 12H timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying SNXUSDT when the RSI reaches the oversold level near the 61.8% Fibonacci level and take the profit near the level of $ 9.
