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Synthetixsusd

SNX breaking $3.80 - $3.90 resistence level, make it a support?!The Synthetix Network has been trading sideways ( as have a lot of crypto currencies recently, but that had started to change for the better, and we all hope for a bull run that dwarfs the last one with all this new money now aware of the benefits of DeFi. Battling that is the ever present and constantly adapting scam artist who are coming up with some of the most clever scams I have seen to date. I mean, these are no, hey, just look for a very poor understanding og the English grammer rules, and you got em. These are professionals, and in most cases coders so the ability to produce a clone of a well known and respected, trusted website in the crypto community is just the beginiing, and that is scary enough. Anyway, if anyone wants to discuss that further and maybe a learn a way you can protect yourself, message me. My publication today has shown that has broken out of the lower part of the consolidation channel bottoming out at the support level of $3.50, and topping out at around $4.30 with the resistance residing somewhere in the $3.80 - $3.90 range.....this is the line that SNX was just able to break through, and I think if it can maintain a close above the $4.91 close 3 or 4 days ago then I am hoping we can then turn that $4.80 - $4.90 to a new support as we work our way up in value . I often find channels like this, and the chart will show you where the support ranges are and you can usually hit 7 out of 10 at least just trading off of past support and resistance areas, especially KNOWN areas of support. Someone does not have to be a master to trader to make money or have more Ws than Ls....however, a person does have to have a #bigbag if they want to make a worthwhile profit off of a consolidation channel with what amounts to 80% (@ MAX which you will not see). As always, been trading for bout a year and a half and it is by far the most fun I have had studying something in my life. Psychology and Money, what could go wrong right? Well guys, happy trading and please, basics, basics, basics if you are new. After that go over them again, and do not bite off more than you can chew....these are just SOME OF MY MISTAKES, and they can have devastating consequences, trust me. Good luck guys, and just when you think "Crypto is too hard, or...there is no way our financial system is getting digitized"...I am here to tell you that it is inevitable so the quicker you start getting on board, and trying to learn, the farther you are going to be ahead of that person who, like me, saw BTC trading at $100 6 years ago and laughed at it, and also made fun of it in every way I possibly could.....I know there are people out there still "living under a rock" if you will, and scoffing at what is going on under their very noses because I speak to them everyday. They will be the ones getting taking advantage of when this whole system finally gets all the kinks smoothed out (has to be some). If you guys are on here then that means you are at least either seaking information (GOOD FOR YOU!) or just reading this meaningless jargon, and getting ready to blast me (IN THAT CASE, GOOD FOR YOU AS WELL), it is obvious both of you are active in the financial community, and as long as you stay in the know, you will be a lot better off than the not so proactive dickheads, peace and love guys, and do good business with each other, christ......
SLong
by DutchBoyzDynasty
Synthetix Fortune Favor the Brave What Is Synthetix (SNX)? Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market. - Trading this Token could be very impressive Gains, 300%, 600%, 750%. Everything is only depending on your strategy : ----------------------------------------------------------------- Trading Plan ----------------------------------------------------------------- Plan A : Buy : Now a bit ( if u trade it for long term hodl) Safety Buy : 3.5$ Rebuy : 2.5$ ( Bottom ) ----------------------------------------------------------------- Plan B : - Wait for strong breakout and buy (Breakout Line in the graph) - Buy Zones after breakout : 5,5$ to 7.5$ ----------------------------------------------------------------- TP 1 : 14.4$ (Security TP) TP 2 : 23.4$ TP 3 : 28.9$ ( before ATH ) ----------------------------------------------------------------- SL : No Need ----------------------------------------------------------------- - Follow always TheKing closely, play as Trader, don't be greedy and don't be fearfully. Happy Tr4Ding !
KRAKEN:SNXUSDLong
by thecryer
4
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
SNX Potential Buy Opportunity 80%+ GainSNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels. Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
KRAKEN:SNXUSDLong
by CryptocurrencyMagnet
SNX Fast ScalpBuy Zones : - 24$ (Now) - 20% of your capital invest for this trade ----------------------------------------------------- Rebuy Zones : - Rebuy 22$ - 30% of your capital invest for this trade - Rebuy 20$ - 50% of your capital invest for this trade ----------------------------------------------------- Sell Zones : TP1 = 28 ATH TP2 = 32 TP3 = 38 ---------------------------------------------------- Stop : SL : 29.4 ---------------------------------------------------- Happy Tr4Ding !
KRAKEN:SNXUSDLong
by thecryer
21
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
SNX Maintains a Bearish OutlookSynthetix 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 its clients to trade cryptos, currencies, precious metals, stocks, and other assets in the form of ERC20 tokens. This innovative system enables clients to "bet" on an asset's price without actually holding it (similar to CFDs). SNX on the Chart SNX rose to its all-time high of $7.75 on September 10, marking a 540% growth from January of this year. However, for the past three weeks, the token has maintained a bearish outlook comprised of lower lows and lower highs. An adequate strategy to identify the short-term direction in the crypto market is the 10 and 30 Exponential Moving Average (EMA) crossover. When the 10 EMA crosses over the 30 EMA upwards, a buy signal is given, and if it crosses the 30 EMA downwards, a sell signal is given. This strategy provides many fake signals in a ranging market, and you shouldn't rely solely on it. However, when the market has a clear direction, the strategy works well in identifying the trend. We have received a bearish signal from this strategy on September 30th. If the price is unable to break the red trendline we drew, then we could use it as confirmation together with the bearish crossover of the 10 and 30 EMA that the token will continue selling off. There has been a reliable support between $3.8 and $3.5, which caused the token to bounce twice. If the price reaches that level again, then there is a strong chance that the token will bounce, especially if the general markets turn bullish. If that level breaks, then we can expect the price to reach the next support level at $2.75.
by cryptohopper
3
Synthetix sUSD (SUSDBTC) Bittrex New ListingWhy do I get the feeling that this will have some crazy bullish action sometime soon? Introducing Synths Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain. About sUSD sUSD (SUSD) is a cryptocurrency token and operates on the Ethereum platform. sUSD has a current supply of 2,665,674 SUSD. The last known price of sUSD is $0.960609 USD and is up 4.89% over the last 24 hours. It is currently trading on 4 active market(s) with $56,534 USD traded over the last 24 hours. More information can be found at www.synthetix.io This chart does not have enough data but I took a look at it on CoinMarketCap, this is sitting at all-time lows. It has around 200% profits potential to an all-time high. Looks like an interesting project. Thanks a lot for reading. Namaste.
SLong
by AlanSantana
4