SNX FRVP analysisUsing the fixed range volume profile tool over the last two days, we can see we have a POC at ~1.628. The last rally from approximately the 5th-11th resulted in a POC at around 1.511 which we hovered around dipping slightly below before starting the next rally up. If we follow the same trend this we
SNX Possible Power of three. (most complete description)I think it brewing a long term power of three. As the momentum narrative is about solana and shitcoins, and as snx is bellow 8 monthly EMA, I think that it's not the best time to take it. When eth/btc reverses, and a big volume spike a good green candle, so could be a good time to entry in it.
Rem
Synthetix Network Token
Price Action: The price has touched or moved near the lower band, which may indicate a short-term support area. However, since the price continues to move lower, it could signal bearish momentum.
Support Levels: Around $1.30: This seems to be a key level where the price found temporary support af
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Are you ready for a potential game-changer in the cryptocurrency market? In this video, we dive deep into the SNXUSD (Synthetix) and explore why analysts believe it's on the brink
SNX mid-term analysisSNX is trading below a bearish trend line.
The big SNX structure is completely bearish.
It is expected to reach the demand range in the medium term and then move upwards.
We are looking for buy/long positions in the demand range.
Closing a weekly candle below the demand range will violate the analys
$SNX to $13-$25NYSE:SNX looks like it's about to make a big move higher.
Price broke out from the bottom, tested $4.73 multiple times and now has retested the breakout level as support. It looks set to move higher here.
Should price break above the $4.73 level, there's pretty clear skies until $13. If price ca
SNX - 500+ days range comes to an endSNX has been trading in this accumulation range for more than 500 days now, but I am sure this will come to an end coming days.
First step would be a weekly candle close above the range highs. Think we will see a strong push towards 5$ after that.
Stay safe!
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Current Landscape and
$SNX typical market cycle (psychology)Pretty clean chart for $SNX.
- years of wyckoff accumulation
- higher lows
- riding weekly MAs
in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it
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