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SNX/USDT - 12.08.22 UpdateHello Traders! SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began. At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the support level of $2.08. If the price does not fall below this price level, it will mean that the range of $2.08-2.65 is a zone of interest for buyers. In this case, medium-term purchases on the given instrument in a range of $2.08-2.65 can be considered. The aims of profit fixation on such purchases will be price levels of 5.90 and 7.35$. Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SNXUSD
by UnknownUnicorn10064030
Synthetix SNX - Bullish head and shoulders! Elliott wave SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target here, between 9.19 USDT to 8.02 USDT. We have a huge descending parallel channel and I think we can definitely break through this channel! I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
COINBASE:SNXUSDLong
by UnknownUnicorn2537518
24
SNXUSD May Have A Completed Complex CorrectionHello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn. What we actually see on SNXUSD is an impulsive five-wave rally in 2020 till 2021 and complex W-X-Y corrective decline from 2021 highs into first half of 2022, which suggests a bullish continuation in the future. Well, from technical point of view, SNX retraced perfectly back to the former wave (4) support area, from where we can already see sharp rebound that can be signal for a completed correction and bullish reversal. However, keep in mind that real bullish confirmation is only above 8.15 region, so in case if we get an impulsive five-wave recovery up there, then we can easily expect a bullish resumption back to all-time highs. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
POLONIEX:SNXUSDLong
by ew-forecast
9
VWAP + ConfluenceDiscover the best day trading & scalping VWAP trading strategy, using Heiken Ashi candlesticks. In this video you’ll learn: • How to make money trading stocks and Forex market using VWAP indicator and Heikin Ashi candles • What is VWAP indicator and how VWAP works in forex and stock market • How to read and how to use VWAP bands (VWAP explained for beginners) • How to trade with VWAP indicator using Heiken Ashi charts (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc) • How to use VWAP indicator to spot day trading scalping signals and how does VWAP breakouts and pullbacks work • How to take long and short positions with volume weighted average price on a Heikin Ashi chart • how to trade with a double VWAP and how to combine VWAP with Heikin Ashi • Our simple and effective VWAP trading strategy for day trading and scalping the Forex and stock market
COINBASE:SNXUSD
by asbestosman21
VWAP + ConvergenceJust trying to create a good system. Discover the best day trading & scalping VWAP trading strategy, using Heiken Ashi candlesticks. In this video you’ll learn: • How to make money trading stocks and Forex market using VWAP indicator and Heikin Ashi candles • What is VWAP indicator and how VWAP works in forex and stock market • How to read and how to use VWAP bands (VWAP explained for beginners) • How to trade with VWAP indicator using Heiken Ashi charts (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc) • How to use VWAP indicator to spot day trading scalping signals and how does VWAP breakouts and pullbacks work • How to take long and short positions with volume weighted average price on a Heikin Ashi chart • how to trade with a double VWAP and how to combine VWAP with Heikin Ashi • Our simple and effective VWAP trading strategy for day trading and scalping the Forex and stock market
COINBASE:SNXUSD
by asbestosman21
1
SNX update: Using Chaikin Money Flow and the Keltner ChannelsFull disclosure: I am long SNX with a current holding of 3,042 tokens held on the Celsius Network. I am currently grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited US investors (like me) from earning interest. Libertarian here, so I hate big government. Anyway, recent SNX price action continues to plod in the direction we like. Looking at the CMF (Chaikin money flow- green line below), it appears we are seeing a renewed interest flowing into SNX. Always a good sign. And the Keltner Channels show a robust upward trend. Currently, SNX is staying safely within the upper band of the KC, not overextending above nor dipping below into the lower band. This is VERY bullish action. May it continue. If you like this idea, please feel free to comment or read my other ideas to stay abreast on SNX. -- Garry
BINANCE:SNXUSDLong
by tg-l
SNX big announcement and current price actionFull disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am currently grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited US investors (like me) from earning interest. Damn big government bureaucracies. Here's a recap on SNX price action since yesterday's chart as well as SNX news release on recent upgrades and additions. Price-Action: The last two days of price action have been tough on SNX, but it still remains above its 20-day MA (moving average), meaning we are still within the overall recent bullish trend. If SNX falls significantly further from here, then the 20-day MA becomes another level of resistance on the way back up. Let's hope that doesn't happen. Hopefully, with the recent changes/additions to the Synthetix Network, a rebound will occur sooner rather than later. From the E-News Release: As part of the "Nunki Release...eight new perpetual futures markets were launched onto Synthetix Futures. Not only were Crypto markets added, but commodities such as Gold and Silver were also added. Synthetix is excited to be the first on-chain futures platform to support these exotic markets. The new markets are as follows: SOL, AVAX, MATIC, AAVE, UNI, EUR, GOLD, SILVER." "SOL, AVAX, MATIC, UNI, and AAVE markets will join a growing list of supported cryptocurrencies available for leverage trading through Synthetix Perpetual Futures. These assets have been available for spot trading for a few months now, and Synthetix is excited to allow traders access to leveraged perpetual futures in these markets." "GOLD, SILVER, and EUR will be the first supported commodities and forex markets available for leverage trading through Synthetix Perpetual Futures. There is nowhere else in DeFi where you can trade Gold and Silver futures fully on-chain. Synthetix is the first on-chain protocol to support these exotic markets." "An automated keeper was developed to automatically open and close GOLD, SILVER, and EUR markets when real-world markets open and close. Due to this development, there will be no manual intervention needed from engineers to open and close these markets." To read further details visit their blog (sythetix dot blog dot io) or visit their Kwenta platform to check it out live. Closing thoughts: To me, these are tremendous strides forward and takes SNX to another level. The token is scarce, the platform requires its utility, further enhancing value. And the project is beginning to blossom into full maturity. I know I am biased, but I will say it again... I predict new ATH (all-time highs) by 2023... beyond $30, perhaps $50 to $100 range. My free predictions are always worth every penny. --Garry
BINANCE:SNXUSDLong
by tg-l
3
SNX What do I see?Full disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am currently grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited US investors (like me) from earning interest. Damn those big government bureaucracies. On to what I am focusing on with today's SNX chart. SNX is currently making new higher lows and higher highs. That makes for a favorable uptrend. It is also creating a narrowing wedge which could see a breakout...hopefully also to the upside. It now appears that we put in a clearly defined bottom as witnessed by the bowl shape. This has all the earmarks of a growing uptrend. And when we look at the Keltner Channels, today's pullback actually keeps us safely in the upper bullish channel or band of the KC without overstepping above it where a more serious correction becomes more likely. This all looks very healthy and bullish to me. Outlook: Until I see SNX hit and break across the upper line somewhere in the $8-plus range, I won't be comfortable saying this is the bull we are looking for. Again, fingers crossed. Long-term price action prediction? A new ATH (All-time high) by 2023. Of course, predictions are free and worth every penny. -- Garry
COINBASE:SNXUSDLong
by tg-l
SNX Looking quite bullishFull disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited investors (like me) from earning interest. Always screwing the little gals & guys in the name of "protecting us." Thank you, big government bureaucracies... for nothing. Anyway, on to today's look at SNX using the Keltner Channels... SNX is mounting it's second day in the upper band of the KCs. This is a very good sign. If SNX can stay within this bullish channel and not overextend (outside of the Keltner Channels), we could ride this trend back toward its ATH (All Time Highs). Outlook: Even though there should be little correlation between BTC, ETH, Technology Stocks, and Alt-Coins (including our SNX project/platform), it does currently exist. Even though these things will eventually become disjointed/disconnected in price-action as they should be, until then, if BTC takes a severe tumble, we can expect SNX to do so to the extreme. Conversely, if BTC continues to plod upward, we can expect extremely bullish price-action in SNX. Fingers crossed for the extremely bullish action. ;) --Garry
BINANCE:SNXUSDLong
by tg-l