SNX Synthetix Network Token Trendline - snxbtc snxusdt snxusd
After breaking the Descending Triangle pattern, SNX is now heading to the 1.5$ zone. However, there is likely to be a significant buying force in the 2.5-2.75$ zone and we can believe in for target 3.5$. If the 1D candle closes above the 3.5-3.75$ zone, the SNX easily rises to the 5$ zone. 📈BUY- LONG Strategy - Buy: 2.5-2.75$. Stoploss if B 📉SELL-SHORT Strategy -...
This is a bit messy especially on the higher timeframes, but I am pretty confident SNX has reached a bottom and is breaking out Tight stop loss is set at 3.5 A very low risk, high reward trade. 8 Hrly chart:
You can short SNX on crypto futures market, if you want to profit from upcoming crash. There is an descending triangle, which is a bearish pattern. Also, the major trend line is broken and bulls could not defend the trend line. Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
Synthetix Network (SNX) has been one of the most profitable investments this year. However, the token is now facing a bearish outlook. Recap: The Synthetix project is among the largest exchanges in decentralized finance. They have partnered with ChainLink to bring information about asset prices to blockchain without the need of a central party. Synthetix allows...