SNXUSDTPERP
SNXUSDT | NEAR BREAKOUTSNXUSDT has been trading in a descending triangle, we have seen multiple fake-out from the downside but bulls manage to close the price well above the pattern again.
We are expecting an upside breakout from the falling trendline and bulls will make a strong rally this time.
Trade your levels accordingly.
SNXUSDT First signals for a changing trend to up appear on chartGlobally, the SNXUSDT price is still in a downward trend that has been ongoing since the beginning of 2021
However, now the SNXUSD price is trying to establish itself in the upper part of the descending channel, which gives a chance for positive thoughts about the continuation of the growth.
So, if in the coming days the SNX price is held above $2.70, then the following targets for growth can be expected:
1) local growth up to $4.20
2) medium-term growth up to $5.80
3) a global goal for the growth of the Synthetix Network token price in 2022. - $10.70
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💎 SNXUSDT : 575.99% Profit Potential in Next 6 Months💣💣💣💣last 2-3 weeks we seen huge buying in SNX coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
SNX | Head n ShoulderSNXUSDT is printing head n shoulder for a time now. Recently when it printed the neckline comes at 7.5 and we saw a failure of the pattern as right shoulder broke.
Currenlty, it is again on neckline of another head n shoulder which is on 3.5. Will it break this time?
The target if it breaks will come at 5.5 which is hefty in terms of percentage.
Keep in watchlist and let us know what do you think of the idea.
SNXUSDT at Support - Seeing confluence to go longSynthetix has been ranging between the current support of $2.95 and $3.60
I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply
Confluence:
1. Fibonacci golden pocket area
2. Value area low of the fixed range
3. Possible Trapped short traders
4. Failed aution on a TPO (Time Price Opportunity) chart
5. Bullish divergence on the 15m (Vumanchu cipher b)
Not Financial advice. DYOR. Papertrade before using real money.
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Safe trading guys!
Shawn
SNX/USDT 2 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
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 this bullish expanding Triangle pattern.
Entry: $3.75- $ 3.83
Targets- $3.99 - $4.22- $4.345 - $4.59 - $4.8
LEVERAGE-5X - 10X
Stop Loss: $3.5
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
SNXUSDT might be soon at bargain prices. Huge profit potential.SNXUSDTPERP might be soon at bargain prices between $4 and $2.58, potentially going all the way up to $30+ if a new rally begins when the huge money comes back into the market and new excited buyers jump on board of the crypto fever.
In my opinion, you can safely enter 5x at the levels indicated.
Contact me via direct message if you wanna buy Binance Futures trading signals.
**This is not financial advice, do your own research. Trade at your own risk.
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 $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
How Is the Synthetix Network Secured?
The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees.
Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards.
Total of 3 TPs with Fibonacci Projection
if 2 TP triggered then 3 TP is confirmed
easy trade it is
SNX ANALYSISHere's a quick look a t SNX 1D chart. As we can see, the price has been showing to break a trend line a nd make retest to it.
7.225-7.6$ 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 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.
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SNX Rounded PatternSNX has formed a large rounded pattern
with two smaller rounded formations
Price will likely breakout and continue upwards within the parallel lines, forming a channel. Or it may just explode to the upside and create new highs
Rounded formations / tops almost always result in large bullish movements, and we have three of them !