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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. -------------------------------------------------------------------------------- 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.⚠️ -------------------------------------------------------------------------------- ❗️⚠️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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
COINBASE:SNXUSDLong
by pejman_zwin
5
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 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! 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
Long
by trytofeelpositive
SNX/USDT Break the key level area. Confirm to continue UP ??💎 SNX has undeniably captured the market's attention with its breakout from the supply area, a feat it has achieved after several attempts. This breakout is typically followed by a retest phase, and it's likely that SNX will enter such a phase at the demand level of $2.53, which previously acted as a supply zone. 💎 There is a strong chance that SNX will rebound from this level, the probability it towards our target supply zones with considerable upward momentum. 💎 However, should SNX fail to hold the demand area during the retest and breach below it, the scenario could turn bearish. The next critical demand level to watch would be $2.175. A bounce from this lower level is essential for SNX to maintain its bullish posture and attempt to reclaim the $2.53 level. Failure to hold the $2.175 level could signal a bearish shift, potentially sending SNX back to its foundational support levels.
by MyCryptoParadise
SNX/USDT Breakout Alert! Upward Momentum ???💎 SNX has certainly drawn our attention with its breakout from the Descending channel, underscored by significant volume and an impressive upward movement. Presently, SNX finds itself at a pivotal juncture, necessitating a breach of the resistance to maintain its bullish momentum. 💎 Facing potential rejection at this resistance zone, and considering SNX is in a retesting phase on the resistance trendline of the Descending Channel, specifically within the demand range of $2.11 - $2.05, there's a possibility for a slight pullback to solidify the recent expansive gains. Yet, if it triumphs over the immediate resistance, SNX is poised for a smooth climb towards further supply levels and potentially the bearish OB zone. 💎 Amidst this retesting phase, it's crucial for SNX to demonstrate resilience, either by rebounding or showing a rejection pattern, to continue its endeavor to breach the resistance barrier and establish a stronghold above. 💎 Failure to do so could spell trouble, leading SNX to a vulnerable position at the lower demand level, and potentially triggering a further descent towards the critical support area.
by MyCryptoParadise
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
Long
by trytofeelpositive
4
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: 3.6 - 4.5 - 5.3 after first target reached move ur stop to breakeven Stop: ~2 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 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
Long
by trytofeelpositive
[ALTCOIN] SNXUSDT TREND LINE ANALYSISHello, everyone We're a team that specializes in chart analysis We will always analyze and provide you with charts to help you sell There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong. If you read the point of view and get to know the line, every line will adjust Thank you. ------------------------------------------------------------------------------------------------ Chart Analysis Content - It is one of the coins that our team is watching. It is giving a lot of support in the deep yellow downward trend. It is a very reliable downward trend that has never been missed. This means that even if it falls, it only falls to this trend line. Currently, it is rising along the thick red upward trend, but there is a high possibility that it will reach the thick yellow downward trend once again. First of all, if you break through the blue sharp downward trend line, test it, and settle on the upper thick red upward trend line, it will be a stable sale.
by BIT_INVEST