#SNX #SNXusdt ideal buy setup synthetixHey everyone
SNX is at a bottom right now. Ofcourse it all depends on BTC, but if this bottom is held.. the breakout for SNX could be huge.. making a triple bottom at current level + triangle breakout.
As you can see, SNX is at the ATL for the chart.
SNX fundamentally is a fine coin, so I am not worried about that.
Ideal buy zone: NOW (4.5) to 3.2 (bottom of triangle)
If this setup fails, still a perfect coin to keep in our hodl wallets imo. Until better times arrive.
Gl traders.
Synthetix
SNX volatility optimism updates Chaikin Money Flow and high APYYes, I wish I had bought more on the recent sub-$4 dip. I am still holding long term but volatility is still the price we pay for being early in an enormous opportunity. I remain optimistic. Why?
1. I still see the desire to put money into Synthetix every time the market calms down as witnessed by the recent uptrend in the CMF (Chaikin Money Flow) green line. That will return when volatility subsides.
2. SNX is still smoking through the upgrades. This month isn’t even to the half-way mark and the Synthetix Blog (blog dot synthetix dot io) indicates SNX is on its fourth update for the month of February. Here are the latest take-aways.
8 February 2022, “Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on mainnet Ethereum. With this tool, each staker can hedge their exposure to the debt pool…While this solution has been initially launched to layer one, we're working hard alongside the dHEDGE team and protocols on OE to make this a reality for OE stakers as well.” (OE = Optimistic Ethereum)
9 February 2022, “SIP 185…The Alphard release…This change enables many highly anticipated features, such as debt pool synthesis, putting an end to snapshotting staking rewards, and overall simplification of the debt tracking system.”
So, as we get closer to mainnet launch, I continue to earn almost 7.5 tokens every Monday without the risk or worry of staking at 14.05% on the Celsius Network (regulated and licensed by SEC & US Treasury). I have a Celsius referral code that will earn you and I both $50 in BTC if you want it (just ask me).
SNX update: Alsephina Release, $6 resistance & 14% interestDespite the Chaikin Money Flow (CMF green line below) demonstrating the monetary volume has been weak, SNX has been attempting to break-out upward through the $6 level. Meanwhile, I continue to earn almost 7.5 tokens every week without the risk or worry of staking at 14.05% on the Celsius Network. I have a Celsius referral code that will earn you and I both $50 in BTC if you want it (just ask me). Now, back to the latest Synthetix Network update. The following is taken from the Synthetix blog (blog dot synthetix dot io) and is only a portion of what was written:
“2 February 2022- Alsephina Release…what’s included in this release:
SIP-184: Dynamic Exchange Fees: Add a dynamic fee in addition to base exchange fees that responds to and neutralizes oracle ‘frontrunning’ opportunities. With such a mechanism in place, base exchange fees can be safely lowered significantly and the overall cost of trade execution on Synthetix can be drastically reduced.
SIP-193: Refactor SystemSettings into Library to reduce contract size: Refactor and deploy a new library for SystemSettings to reduce contract size.
SIP-196: Remove Centralized Oracle: Removes all centralized oracle code from Synthetix contracts and testing. SIP-196 removes all centralized oracle code from Synthetix contracts, which no longer rely on centralized oracles and instead utilize fully decentralized and trustless feeds from Chainlink.”
So, from what I can understand, it is now safer, cheaper to trade and more reliable (decentralized/trustless) via Chainlink. There was no downtime on L1 or L2 during implementation.
As for me, I continue to HODL and amass at 14.05% APY. Monday will be another interest payment for me just as every Monday has been since my first reward on 6 August 2021. Celsius is regulated and licensed by SEC & the US Treasury.--Garry
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 update: Adding partners and featuresEven as the Synthetix token (SNX) attempts to break above its 20-day MA stacking what could be a fifth green-candle day in a row, the project has been busy this year already. Here are the highlights from this month's Synthetix Blog and the announcement dates:
12 January 2022- (after partnering with the Graph to make major subgraph improvements) Synthetix partners with Gauntlet team "to provide automated financial risk management simulations for the Synthetix protocol. The unique mechanics of the Synthetix protocol require deep analysis to optimize, and Gauntlet has the resources, systems, and experience to ensure that Synthetix has both proper risk management and optimized capital efficiency."
19 January 2022- SIP 200 The Peacock release fixed a "FeePool Rewards Distribution" glitch.
22 January 2022- "Integrated the Synthetix loans feature directly into the Staking dapp on Layer Two (Optimistic Ethereum). Loans have been live on mainnet for almost a year now, and we’re excited to allow more of our users access to sUSD loans."
24 January 2022- "Announced a new round of incentives for WETH/SNX on Optimistic Ethereum. Synthetix will partner with Gelato to leverage G-UNI pools that enable rewards for liquidity providers."
Note that the blog announcements included "How-to's" as appropriate... like for loans or staking. These were only excerpts to help keep you abreast of the project's rapid advancement. For a deeper understanding, I suggest you read directly from the project's blog. This is still a long position for me as I continue to hodl hassle-free on the Celsius Network earning 14.05% APY or almost 7.5 tokens every Monday. Yes, I realize higher rates can be achieved for those who wish to do their own staking, but I'm lazy and 14.05% is huge for living in Texas and my not having to stake, delegate, or validate ever! If you want to know exactly how I am doing it and earn $50 in BTC using a referral code, message me. TradingView does not want me advertising that information here.
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.
SNX bottom: Are we there yet?With SNX mainnet still likely a month or so out, have we finally found the bottom in price action? I don't honestly know the answer and charts can only provide clues. Anyone who says they can predict with certainty is a liar.
Again, this is NOT financial advice. This is simply what I am doing. I bought approximately 2765 Synthetix Network Tokens (SNX) on Coinbase in late July & early August (@$9.88 per SNX) of this year with the intention of earning no-hassle interest on Celsius Network at a yearly 13.99% APY. They pay me a portion (1/52nd of the yearly interest) in SNX tokens every Monday. The reasons I chose Celsius to HODL my tokens were many but knowing compounding interest at 13.99% will double my token count every 5 years was a big one. I understand there are ways to earn even more on Layer2 or on defi swap exchanges, but just as I am opposed to paying Coinbase their somewhat high fees for every transaction (buying, selling, swapping or transferring), I truly hate the volatile exorbitant gas fees of defi. I also hate all the steps necessary and the unpredictability of defi. Additionally, I have no desire to sit on my computer or stare at my cellphone all day making trades and computing transaction/gas fees or deciding where to delegate/stake my tokens. Is there a higher payoff with that higher risk? Sure. Don't care. That's just me.
I wanted the "set it and forget it" high interest of Celsius that would cost me zero coins/tokens in fees once I migrated my SNX to their platform. I understood the potential of the Synthetix project (derivatives) well enough to be content sitting on a growing pile of tokens until their real value is discovered sometime early next year with the mainnet launch. So, how have I been doing so far?
The price per token has taken a beating lately. But my view is truly longterm, especially by crypto-world standards. My token count now stands at 2914.828985. Celsius just added 7.35814 tokens to my personal account this morning. I don't take the risk of staking. I don't pay any gas fees. I don't pay any fees at all while I sit on my growing pile of SNX.
Added bonus. Celsius just upped the interest rate to 14.05% APY on my SNX. They are adding a better on-ramp/off-ramp feature in the next few weeks, so that I won't have to pay fees to Coinbase (or other Cefi or Defi exchanges) ever again. No more having to buy elsewhere and pay fees. No more transferring and paying fees. I HATE fees! If you like what I am doing and want to use my referral code to earn $50 in BTC for setting up and transferring your coins or tokens to Celsius, just ask in the comments (Tradingview does not want me advertising my referral code). Celsius has over 40 coins/tokens that they service (the referral code applies to any of them). Most offer higher interest than you will find on other Cefi and they don't charge fees. Did I mention, I HATE fees?
SNX Layer2 Coming in HOT!The SNX updates are coming in fast & furious. Transition to Layer 2 is still underway and SIPs are being implemented. This current SIP is bringing "Shorting" capabilities to Layer 2. I love that SNX is still flailing around at the bargain price we see today. I'm telling my friends to pick up more if they have extra cash and store their SNX at Celsius Network to keep their count count growing (13.99% APY...ask for my referral code to get $50 worth of BTC). See the latest (dated today, 8 October, 2021) SNX blog update concerning this SIP scheduled for "early next week": blog.synthetix.io/the-sargas-release/
Staking SNX? Don't! Get 13.99% plus $50! Referral 189218504dAre you staking your SNX? If you aren't, you might look at creating a Celsius Network account and transfer your SNX there and start getting 13.99% APY on your tokens. I started with 2771 tokens on 1 August. I now have 2828 tokens without ever having bought another token. I get more tokens every Monday without doing anything else. This morning, Celsius added 7.11 SNX to my account. That's 57 new tokens since 1 August, without the hassle of staking (validating or delegating)! Move your SNX to Celsius. This is not your normal exchange. It isn't even a typical Defi exchange. If you are going to hold SNX, why not earn 13.99% APY like I do at Celsius Network? They have a smartphone app. When you create your account, use my referral code that will earn us both $50 worth of BTC if you transfer at least $400 worth of SNX (or any other coin/token). They give the $50 after 30 days. Also, SNX is holding above its 20-day MA so far. Further encouragement to sit tight...or buy some if you haven't. ;) Here is my referral code if you decide to open a Celsius account: 189218504d
SNX HodlingThis is not financial advice. This is simply what I am doing and why. I find SNX extremely attractive at $10 or below. I consider it on sale. As a derivatives platform, Synthetix Network has a very profitable idea. If they can pull it off, traders will be able to go to one place and trade without using paper moneys (using tokens to buy synths), to the long or short-side everything from Amazon stocks to Commodities to Crypto to FOREX trading (yes, trade in dollars, euros or yen without using fiat) without ever having to touch a standard banking or brokerage system. They have already pulled it off, but they are transitioning from layer 1 to layer 2 and keeping accurate pricing with zero slippage and token count across both layers is current priority. They look to be layer 2-only by early 2022. In the meantime, I have been hodling (holding) via Celsius Network for a 13.99% apy which I receive every Monday like clockwork. I started with 2771 tokens at the beginning of this August and already have 2814 tokens just for holding. Come Monday, I will have 2821. For a token that has such high potential once trading volume/adoption picks up on the Synthetix Network platform, I am making out like a successful bandit. Consider token scarcity...under 115 million circulating and just under twice that total supply potential. Prediction: I am fairly certain SNX will triple within 6 to 12 months even before high adoption rates. Yes, mark me as saying $30 is an easy target. That is the low hanging fruit. Trader adoption will take it far beyond that, but it won't fully hit until the transition to layer2 is complete. I expect to reap massive returns after that. It is still EARLY! Meanwhile, my tokens compound at almost 14% per year making my token count DOUBLE every five years. Einstein's eighth wonder at work! So, I am looking at triple multiplied by double compound gains in 5 years as conservative! On the high but realistic side, 10x to 20x...and I still get the doubling of that every 5 years with my no-brainer compounding, holding at Celsius. I hold there because there is none of the usual hassle associated with staking...no "validating or delegating." None! I have unbanked myself. Again, this is not financial advice. This IS what I am doing. Combining ideas to get the most risk averse bang for my token.
Synthetix (SNX) Buy ZoneSynthetix (SNX) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
The Synthetix break above our white trend line resistance, and we’re reaching at least $7.89 and short term support retest before an upside continuation.
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$SNX/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 5.555 - 6
TP 1 : 6.27
TP 2 : 6.623
TP 3 : 7.155
TP 4 : 7.89
TP 5 : 8.7
TP 6 : 9.56
TP 7 : 10.2
TP 8 : 11.4
Stop Loss : 4.91
*Maximum 2% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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SNX and the Chaikin Money FlowKnowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be interesting to watch knowing that BTC is King Crypto and will eventually rise to unimaginable price value... even from here. Here's to SNX continuing to mirror. It will eventually pay handsomely.
SNX Finding a floor; The sky is the limitAs always, this is not financial advice. This is simply what I am doing.
It looks like the recent bear action has been especially unkind to Synthetix Network Tokens (SNX). But today is starting to look like it is establishing a floor last seen in June. I am still long on SNX as I believe in the team, the platform, the idea of free trading of derivatives across a spectrum of asset classes without a broker, and the scarcity of the token. Whether it feels like we are winning right now or not, it is a winning combination.
On a separate note:
How can I be so calm when I entered my SNX position at $9.88? We are sitting below $6.
My SNX token count has climbed to over 2,892 SNX. I have added almost 127 SNX tokens since 31 July 2021 when I moved my tokens to the Celsius Network. Every Monday, I receive an ever-increasing reward of SNX tokens in my account when they pay me a portion of the 13.99% APY interest. Yesterday, it was 7.275 SNX added. Next week, those tokens will be included when they count my interest up...and it will be just a little more than that 7.275. At this rate, my total token count doubles every 5 years. That is the power of compounding, baby!
So, if you bought in higher, let your token chill at Celsius Network and start earning you some serious interest. The price will rebound and more. Because of the updates and launch to Synthetix mainnet, I expect January thru February to be an absolute parabolic run for SNX!
If you don't own it yet, BUY some now!!!
After all, it is a quality item at a severe discount. That is how you make real money!
Sidenote: If you want my reference code to earn us both $50 worth of BTC for opening an account at Celsius, just ask me. TradingView does not want me advertising my referral code.
Good Luck! --Garry
;)
SNX above long term support#SNX/USDT
$SNX is trading inside long term support zone, hold above this support can increase price to break out from descending resistance, and head up toward resistance zone. in long term price can reach $35 and even $43.
break down from current support will drop price to $2.9 and much more lower.
SNX Synthetix: HUGE Head & ShouldersHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix ( SNXUSD ), an altcoin cryptocurrency.
#CryptoPickk notes the following:
1) Synthetix price has been falling since February 2021 when it met the all time high.
2) The price is around a crucial Fibonacci Retracement level of 0.786 at around $6.85-$7.00.
3) Along with the price dropping, it has formed a Head and Shoulders Pattern as shown in the chart. This is a bearish pattern. The biggest concern is the Head and Shoulders Pattern can be seen in multiple timeframes and the price has shown no level of reversal.
4) If the price breaks down and does not recover, there may be a sizable drop.
5) Though the charts show one thing, anything is possible as the Decentralized Finance space in cryptocurrencies is very strong.
6) Be cautious until there is a clear sign of where the price action will go.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Synthetix (SNX): A Safer 4X in Next Couple of Months!---Kwenta Testnet Takeaways, Next-Price Orders, SIP 80 and 184, and Synthetix Bottom Line---
The following is taken directly from the Synthetix io Blog update, dated 1 December 2021 and titled, "Futures Update." These are only excerpts and you would be well served to read the entire blog update.
Kwenta Testnet Takeaways: "Much progress has been made and numerous lessons learned, culminating in a Kwenta testnet competition held in October. Overall, the testnet competition was a great success. The futures market functioned as intended, and also highlighted some opportunities to enhance the usability and efficiency of the platform without adding too much additional scope. One of the takeaways was that frontrunning still poses a legitimate risk on L2 if Synthetix is going to offer low fees for perpetual futures. This prompted the introduction of SIP-184, which dynamically adjusts exchange fees in response to price instability. With SIP-184 as a backstop against volatility, base exchange fees can be safely lowered. Research done as part of SIP-184 suggests that ~20bp exchange fees could be feasible, with the dynamic fee only kicking in ~1% of the time. Note that this is just an initial target, and further improvements are likely to support even lower exchange fees."
Next-Price Orders: "First and foremost, the transition to L2 has greatly improved the frontrunning situation for Synthetix. The scalability offered by Optimistic Ethereum enables Chainlink oracles to push updates much more frequently in a cost-effective way, thus allowing for spot synth exchanges with no fee reclamation and negligible frontrunning risk (with 40bp fees). The other main differentiator of Synthetix perpetual futures compared to other platforms is the role of funding payments. Traditionally, funding payments are used to align the futures market price with the spot price. Because trades on Synthetix are executed at the current oracle price, there is no need for such a mechanism. Instead, the funding rate is used to encourage balanced open interest and minimize directional risk incurred by SNX stakers. This brings us to next-price orders which, as the name suggests, are trades that execute at whatever price is reported in the next oracle update after a trade is placed. Because orders fulfilled at the next price update are inherently difficult or impossible to frontrun, they can be filled with an extremely low exchange fee and minimal or no risk of frontrunning. Note that next-price orders will exist in parallel with traditional atomic exchanges, and that atomic exchanges with a slightly higher fee will always be offered. The target user for next-price orders is predominantly arbitrage traders who will neutralize market skew to earn the funding rate (there will not be a UI for next-price orders initially). With lower exchange fees, these traders will be able to more efficiently neutralize even relatively small imbalances between long and short open interest. This will greatly reduce market risk passed onto stakers while also broadly lowering funding payments made by other traders on the platform. It is also expected that usage of next-price orders will decline over time as fees for atomic exchanges approach parity with next-price orders."
SIPs: "These two additions (SIP-184 and next-price orders) are relatively minor compared to the rest of the futures scope (outlined in SIP-80), but offer extremely significant benefits to users. Thus, the tradeoff of incorporating them in exchange for a slightly later launch date is well worth the effort. Currently, SIP-80 and SIP-184 are both code complete and under audit. The additional logic for next-price orders is in progress and close to being finalized. The next steps from there are testing SIP-184 on testnet (this week) to push fees as low as possible, then getting ready for mainnet with a target launch date in mid-January. The mainnet launch will be rolled out in several stages, gradually expanding maximum open interest caps as the effectiveness of the underlying mechanisms are validated."
BOTTOM LINE: "It’s been a long journey, but the light at the end of the tunnel is now clearly visible. In a little over a month, Synthetix will deliver a fully on-chain composable perpetual futures market on the highly performant Optimistic Ethereum layer 2, with top tier UX and unparalleled liquidity. While it would have been ideal to launch futures before the end of the year, more sUSD liquidity is still needed on Optimistic Ethereum and by the time mainnet launches there should be a significantly higher amount of SNX staked on L2 reducing the risk for everyone staking on L2. With the upcoming Debt Pool Synthesis, we will also have much more sUSD liquidity to leverage for futures traders."
Hopefully, this isn't too much to take in. There was actually a little more in their update, but it is good that they are keeping us SNX hodlers informed. My (Garry, not Synthetix Blog) only additional thought is, at today's cheap pricing, SNX is one helluva deal for the project/platform. In my mind, I am positive we will see SNX shoot past its previous highs seen earlier this year based solely on a quality product/project. This isn't your nephew's favorite meme speculation waiting on a tweet to make you rich. When SNX retakes and surpasses its old highs, it will not fall near as easily as that next Dog coin. This a much safer 4x in my mind in the next couple of months!!!
On a side note, I am increasing my SNX token count every Monday, earning additional tokens at 13.99% APY without the hassle of having to stake, validate or delegate my tokens. I just earned over 7 SNX yesterday, just like the week before and just like I will next Monday! If you want to do the same, I can give you my referral code to earn us both $50 worth of BTC if you do. TradingView does not want me advertising the exchange or my referral code here, but you can contact me if you want that info.
SNX Clawing backThis is a one-hour chart. As you can see, Synthetix was taking a beating along with much of the altcoin market only to fall off a cliff a day ago. I'd refer to this as a black Friday sale on SNX! If you missed out at that price, you likely missed out forever. Now, Synthetix Network Tokens begin their long climb out of this hole on the heels of a multitude of SIPs (Phase One V2x updates delivered since August!!!):
Mirfak; SIP-174 - Deprecated Synth Redemption, SIP-142 - Deprecating EtherCollateral loans, SIP-170 - Inflation Diversion for L2 Incentives
Wezen; SIP-169 - Deprecate low volume synths, SIP-158 - Deprecate iSynths
Sargas; SIP-135 - L2 Shorting
Kaus; SIP-187 - Fix Partial Synth Updates In Debt Cache
Avior; SIP-182 - Wrappr Factory
Alkaid; SIP-120 - TWAP Exchange Function, SIP-189 - Add LUSD/sUSD Wrappr on L2
Governance Changes; SIP-155 - Deprecating the synthetixDAO, SIP-157 - ambassadorDAO Mandate, SIP-159 - Formalize Thales Governance, SIP-160 - Updated SIP Workflow, SIP-167 - L2 Bridged Governance, SIP-168 - Governance Participation Program, SIP-177 - Formalize Kwenta TreasuryDAO, SIP-178 - Formalize Kwenta Interim Council, SIP-179 - Kwenta Independence
Here are a few quotes from Kain Warwick (Synthetix founder) taken directly from the Synthetix blog dated 25 November 2021, titled "Debt Pool Synthesis."
-"...additional engineers that have joined the CC's have enabled us to maintain a delivery cadence that has been consistently high for over six months now."
-"Chainlink is developing two novel oracles for the Debt Synthesis, the first oracle will read the size of the debt pool on each network and then combine these values so that both networks are in sync with respect to the combined debt pool size.|The second oracle will read the total supply of the debt shares contract described above and push the combined total supply of debt shares on both networks onto each chain."
-" Though the CC's are working as hard as possible to close out each SIP and get them audited before we wind up 2021. With liquidations being enabled on L2 this week there is likely to be a push to migrate more inflation and lower the c-ratio on L2 to get some additional Synth liquidity onto the Optimism network."
-"Given that the V3GM is also scheduled to be deployed for V2x governance early next year there are still a lot of changes slated for the current network. However, the V3 squad is making amazing progress on the architecture and has started development on the V3GM already so as always there are multiple simultaneous threads in play for the CC's. The last five weeks of the year are going to be incredibly busy."
There was a lot to digest in his latest blog update, so it is well worth the read if you believe in the incredible potential of this platform and token, as I do. So, look at the 1-hour chart attached and mark my words here as preparation for what may come. I believe there is only upside from where we were yesterday. No, I don't predict. But I am prepared to HODL. All you can do is prepare. I bought in at $9.88 per token, but I also know if I don't sell now, I haven't locked in my losses. Good things are coming. Again, note yesterday's bottoming. Mark it on your calendar. If you bought in then or soon after, I believe you will feel like a hero by early next year. I think I will continue to add to my position (see my other posts). Good luck!
SNX been sitting on this support line triangle tip. Breakout?SNX Synthetix has now been sitting in this new micro consolidation between 7.8 and 8.3. It's only been for a few days.. before that I was hoping we would see a support bounce but it never came then fell a bit.. we are still at the bottom of this pattern which makes the pump and break still possible. I'll be watching.. I feel like if we can get to 8.5 at this point we might actually see that break action happen.