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Synthetixnetworktoken

#5 | Synthetix Network Token vs Tether (SNXUSDT)I had multiple options for the last pair to share with you today, I found many mentioned in the comments section that looked good. These were CAKEUSDT and BZRXUSDT, I went for Synthetix Network Token (SNXUSDT) since we already have a trade active for this one. To spot these bullish charts, the Fibs can be very useful/important. Notice here how bullish action takes place above the 0.382 Fib. extension level, this is marked light blue. Each Fib. level here below the current price can be considered strong support. Above the current price, I call these resistance levels or targets. Since we have kind of a curve coming up from the candles, yes, I look at that... This can signal that things are about to move up. We have this curve pattern showing up, with increasing volume, bullish indicators, and prices breaking above EMA50... The rest is on the chart. Namaste.
Long
by AlanSantana
2
Synthetix #SNX 1D - Move is comingSNXUSD 1D Chart. Possible run up to the top of the trend line? RSI and Stoch RSI seem to be ready for the move. I also presented the resistance and support area circled. Keep an eye on this. What are your thoughts? Comment below and hit the like please. Thank you! 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 #bitcoin #altcoins
COINBASE:SNXUSDLong
by MillionaireEconomics
SNX: Another week, another upgrade!Synthetix Network and Kwenta are still blasting away at upgrades, or as they call them, "SIP's" which is an acronym for Synthetix Improvement Proposal. They also give weird "star" names to their SIP releases (in order of visual magnitude) which is all good, I suppose. What matters is they are in storm mode when it comes to improving and implementing. I love it. Where this may cause some occasional turmoil in usage and possibly hinder immediate price action, I see it as further reason to hold for the long term as I continue to grow my SNX coin/token count weekly at 13.99% APY by simply holding SNX in a Celsius Network account (If you decide to join me in earning high interest there, you can earn $50 in BTC by using my referral code 189218504d). Of course, we will reap the rewards in price action eventually, but on our own timeline. I am conservatively predicting a 300 percent gain over the next 6 to 9 months. And my 13.99% yield will compound in a doubling fashion every 5 years even without any price action increases. Yes, I did the math! Patience pays well! Anyway, later today the Avior (the "star" name for SIP-182) release will implement a new upgrade on L2 only. During this release there will be no downtime on L1, but up to 3 hours of downtime L2. Here's what’s included in this release: SIP-182- Wrappr factory: This SIP creates a new WrapperFactory contract that can deploy new Wrapper contracts to support any ERC20 token. The new Wrapper contract behaves like its predecessor (the ETH Wrappr from SIP-112) and will initially include a WETH wrapper, though more Wrapprs will likely be added in the future. In layman's term, creating "wrapprs" has to do with creating synths or derivatives...potentially on anything tradable in the entire world, like Cryptos, FOREX, Stocks, Commodities, etc. Well, you get the idea; everything. This is the strength and foundational idea of the Synthetix Network (and Kwenta). If you want more info on what I am doing to generate that 13.99% in additional SNX tokens, feel free to ask in a comment.
BINANCE:SNXUSDLong
by tg-l
SNX Looking READY for Liftoff #SynthetixOn the daily charts I noticed that it appears that SNX could be forming one of the largest bull flags I've ever seen. This is not trading advice, but I'm personally long on SNX since it has yet to mark up and return to it's ATH this cycle leaving plenty of potential for gains. It's very possible that it could consolidate to gain momentum for a little longer, but eventually, SNX is going to melt faces. Additionally, Sythentix Network is an awesome project with plenty of support on the fundamental level. Best of luck on your trades and please don't risk anything you can't afford to lose (especially your sanity).
Long
by iHeartData
2
Kwenta Futures Trading Competition via Synthetix/$50,000+ prizesI posted about this back on the 19th, with little fanfare. So, in an attempt to give it the attention it deserves, here are direct quotes from their blog: "This competition will act as a demonstration of how perpetual futures trading on Kwenta will feel as we continue to refine the experience and prepare for the main net launch." "Futures ...are unique in that they are built entirely using decentralized technology with the Synthetix protocol. Traders will benefit from the deepest liquidity...zero downtime during points of volatility...permissionless product...and, eventually, futures for a wide variety of assets outside of the cryptocurrency ecosystem." "Be eligible to win part of a 50,000 sUSD prize pool and rare NFTs in prizes." "Prizes: 1st place: 15,000 sUSD + Rare NFT 2nd place: 7,000 sUSD + Rare NFT 3rd place: 3500 sUSD + Rare NFT 4th-20th place: 500 sUSD 21st-100th place: 200 sUSD NFT winners will be able to use their NFT to gain access to private groups and hidden features. All competition participants will also be able to acquire a POAP. The prizes listed above are guaranteed; however, there may be additional prizes…" "The competition will run for 1 week." "To trade synthetic assets and soon futures, visit Kwenta." Anyway, there is more info on their blog including how to get started. I hope you have fun and I wish you luck!--Garry
COINBASE:SNXUSDLong
by tg-l
SNX Updates: Two Items todayNote the following quotations are their words, not mine. I am just passing this on to my fellow SNX hodlers to keep you abreast of either delays or progress (I see it as both). 1. "Today (October 19, ~21:00 UTC) the Kaus release will begin, implementing a minor upgrade on both L1 and L2. During this release there will be no downtime on L1 or L2. Here's what’s included in this release: SIP-187 - Fix Partial Synth Updates In Debt Cache: Fixes an issue with partial updates of synths in the debt cache which is causing the cached debt value to not update after minting and burning sUSD. This release is called Kaus , which like all releases is named after a star (in order of visual magnitude)." 2. Also, the Synthetix folks "have been busy building the future of the Synthetix protocol and have launched our decentralized perpetual futures on testnet. All futures will be traded through Kwenta and to celebrate, we've launched a free trading competition for our community with up to $50,000 in prizes. The signup process is easy (you just need a wallet address and a twitter account) You can visit the Registration Page or for more detailed instructions, visit the Kwenta Blog. As a contestant, you will have the first public look at our new perpetual futures trading platform, powered by Synthetix. As the first truly decentralized and composable derivatives protocol, our perpetual futures are optimized by simulated liquidity, which helps ensure you get the best fill across any asset." So, they have a few irons in the fire, which may actually be retarding price action for the time being, but in my humble opinion, an improved protocol will be a more valuable protocol. - TG-L
BINANCE:SNXUSDLong
by tg-l
SNX beautiful reason to 🚀🚀 🤑🤑SNX as begin a new uptrend. Reason For every upswing, it first HH(Higher High) forms a Support level for it next Upswing. You can notice in the image above And here is how: T1's high( resistance level ) forms T2's low( support level ) T2's high( resistance level ) forms T3's low( support level ) and finally T3's high( resistance level ) forms T4's low( support level ) but if it doesn't form its sure to bounce in between T2 and T3 high. But be always be sure to wait for a retest, for every trade you take. Remember your risk management. Finally Goodluck in your trade.
Long
by Ojomo
1
SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SNXUSDT brokeout above the double bottom (DB) neckline resistance (NR). - The market hit an ATH and retraced. - Price retested the key fibonacci retracement zones (0.5 - 0.618 - 0.786). - A daily timeframe bullish pin bar (BPB) was formed at the retest area. - Price action is printing a pennant pattern (PP). - A pennant pattern is a trend continuation pattern. - A bullish trend continuation pattern in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the pennant pattern's (PP) inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's (PP) inclined support.
Long
by Chibuike_Odoh
🆓Synthetix Network/USDT Analysis (18/3) #SNX $SNXThe buying force has appeared at the 18-19$ zone and this may make a new rally on SNX up to 52$ zone. SNX is really promising to be invested. 📈BUY -Buy: 18-19$. SL if B -Buy: 21.5-22.5$ if A. SL if B -Buy: 25.5-26.5$ if A. SL if B 📉SELL -Sell: 21.5-22.5$. SL if A -Sell: 25.5-26.5$. SL if A -Sell: 35-36$. SL if A -Sell: 51-53$. SL if A ♻️BACK-UP -Sell: 18-19$ if B. SL if A -Buy: 11-12$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
Synthetix Network Token (SNX) - March 6Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if we can get support from 20.397-21.592 and climb above 23.984 points. In particular, it remains to be seen if it can rise along the uptrend line (2). With the volatility period starting around March 9th, we have to see what's going on. If you fall from the uptrend line (2), you need a short stop loss. If it falls between 12.026-13.222, a Stop Loss is required to preserve profit and loss. However, it may rise along the uptrend line (1), so careful trading is necessary. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
🆓Synthetix Network/USDT Analysis (26/2) #SNX $SNXSNX is having a strong recovery so I think it will reach 27$ soon or even 40$ zone in March. But buy it now is not a good idea, because it still have a possibility to retest 17$ zone in next days. 📈BUY -Buy: 16.5-17.5$. SL if B -Buy: 20.5-21.5$ if A. SL if B 📉SELL -Sell: 26-27.5$. SL if A -Sell: 38-40$. SL if A ♻️BACK-UP -Sell: 16.5-17.5$ if B. SL if A -Buy: 11-12$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
🆓Synthetix Network/USDT Analysis (14/2) #SNX $SNXSNX is continuing to increase with good volume so we can expect SNX to increase strongly in the next days to $36-38. However, I think it will take a few days to move sideways to accumulate more at $27 zone. 📈BUY -Buy: 26-27.5$ if A. SL if B 📉SELL -Sell: 36-38$. SL if A ♻️BACK-UP -Sell: 26-27.5$ if B. SL if A -Buy: 20.5-21.5$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
1
Synthetix Network Token (SNX) - Feb 3Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- You need to make sure you can get support at point 17.154. If it is supported above the 16.809 point, it is expected to rise to the 20.397 point. If you go down from 16.809, you can touch 13.732, so you need to trade carefully. However, there is a possibility of rising after touching the uptrend line (2). If it falls at the 10.446 point, a Stop Loss is needed to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
9
$SNX/BTC 90m (Binance Spot) Falling wedge breakoutSynthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back. Also, 100EMA seems to be acting as support now, that's why entry zone is down there! Current Price= 0.0004010 Buy Entry= 0.0003915 - 0.0003813 Take Profit= 0.0004074 | 0.0004341 | 0.0004540 Stop Loss= 0.0003653 Risk/Reward= 1:1 | 1:2.26 | 1:3.2 Expected Profit= +5.43% | +12.34% | +17.49% Possible Loss= -5.46% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 120h
Long
by TradingOn
2
SNX - Synthetix - 60% Potential!It is most certainly ALT season! Here is yet another ALT in th bull zone. SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours). Support: ~ $12.98 From there, it can grow 59% possibly, in just days. Resistance: ~$20.76 These bull indicators are flagging: -Stochastic @ 30m in sub 20 zone @1H in the 50 zone -RSI will hover around 50 zone at eh bounce -MacD cross above neutral line, at/around support -Historgram will flip at/around support Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful. ---------------------------- *Not trading advice. Trade at your own risk. Just a sharing of an opinion.
COINBASE:SNXUSD
by moneypenny275