SYN/USDT Breaks Downtrend: Bulls Eye $0.95 Next Target !The daily chart for SYN/USDT shows a significant breakout from a descending trendline that has been in place for several months. The pair recently surged, breaking through key resistance levels and signaling a potential shift in market sentiment from bearish to bullish.
Currently, the price is hovering around $0.6729, just above the critical support level of $0.6000. The recent breakout above the descending trendline is a strong bullish signal, suggesting that the downtrend has ended, and a new upward trend may be starting.
The next major resistance lies at $0.9500. If the bullish momentum continues and the price closes above $0.6000, we could see a strong push towards $0.9500, a key psychological level.
Traders should watch for any retests of the $0.6000 support zone, as a successful hold above this level could confirm the breakout and further solidify the bullish outlook. However, failure to maintain this level could see a retracement back towards $0.4043.
SYN
#SYNUSDT Midterm Analysis#SYNUSDT Midterm Analysis
Looking at Current view SYN is in falling wedge and is at support if the support is lost we can further see SYN to next support and if the resistance is broken we can see 1.9 soon
I am expecting an upside in MIDTERM
LSE:SYN / USDT ( Midterm hold )
Buy : 0.65$ - 0.81$
Sell : 1.9$- 5$ - 7.4$
#Bullscafe #NYSE #NewYorkStockExchange #NSE #BSE #Forex #NationalStockExchange #Crypto #BTC #ETH #nifty #OptionsTrading #synusdt #SYN
SYN bearish movement to $0.80!Hi
BINANCE:SYNUSDT
SYN was in a descending triangle but now this pattern has been broken downward so we expect a bearish movement as much as the measured price movement (AB=CD).there is a strong support for SYN at $0.80 which was the point where the price started to Increase from the last dump!
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Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SYN/USDT Bounce from the support, Indicating continue the upward💎 SYN has recently demonstrated significant market dynamics. After a notable bounce from the support area, there's potential for the price to resume its upward movement and retest our target strong resistance area.
💎 However, if SYN returns to test the support again and fails to bounce, this could be a concerning sign.
💎 A failure to bounce might indicate weakness, potentially leading to a breakdown below the support level.
💎 In such a scenario, SYN could see further downward movement, with the next support level likely around 0.587.
#SYN/USDT#SYN
The price has been moving in a downward channel since June 2022
Due to a strong support area at 0.2850
We are about to break the downtrend supported by oversold conditions on the MACD
Current price 0.4166
The first goal 0.7922
Second goal 1.0500
Nearly 240% of the current price
Powered by the Moving Average 100 breakout.
And break the reversal patterns to the upside.
SYN/USDT Ready for its Bullish Momentum? SYN Analysis💎Paradisers, let's delve into #SYNUSDT, as it shows signs of a pivotal breakout from its descending channel pattern.
💎Currently, #SYN is making strides toward the descending resistance, transitioning from what was once a supply zone into a demand zone. This shift presents a chance for the price to spring from this area, potentially initiating an upward journey with the bearish Order Block (OB) as its next milestone.
💎Yet, if LSE:SYN struggles to rally and instead slips below the demand zone, we might witness a fallback to the Bullish OB territory around the $0.682 mark, where it could regroup and attempt another ascent.
💎The Bullish OB region has historically been a catalyst for significant market rebounds upon engagement. Nonetheless, a failure to sustain this zone could signify a bearish trend, compelling the price to carve a new path from a diminished base.
💎In case SYN doesn't leverage momentum from this or any subsequent level, a continued decline might be on the horizon. Fear not, as your ParadiseTeam is on the lookout, ready to navigate you through these fluctuating market waters.
What will SYN be?Looking at the SYN chart it looks like it is inside a large diametric that is now inside the F wave.
If it returns to the green range for wave G, we will look for buy/long positions in this range.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SYN/USDT Perfectly break out the Bullish Pennant pattern.💎 SYN has been drawing considerable interest in the market. Presently, it's observed breaking out of a Bullish Pennant pattern. A closer look at the NYSE:H TF shows that SYN is undergoing a retesting phase at the trendline. This phase is pivotal, as it sets the stage for a probability continuation of the upward movement, with the next target being the bearish OB area.
💎 In the demand zone, it's crucial for SYN to demonstrate a strong rebound. If it merely consolidates without making a significant bounce, there's a risk that SYN could lose this key area. Such a development would potentially lead to a downward trajectory, bringing SYN back towards a substantial support area.
💎 It’s essential for Paradisers to closely monitor these developments, as SYN's response to this retesting phase will be critical in determining its future market direction.
SYNUSD - Recovery IdeaTwo falling wedges are evident one really large one that led to a breakout and this one we are now seeing that is a bit smaller.
I'm looking for a W pattern to form which I am showing with the bars pattern and arrow
This allows the breakout of the second falling wedge to continue.