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Synthetix Network Token Perpetual FuturesSynthetix Network Token Perpetual FuturesSynthetix Network Token Perpetual Futures
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Synthetix Network Token Perpetual Futures

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SNXPERP trade ideas

SNX-USD Reaching the end of a retracementHey guys! I'm currently HODLing some SNX that I recently bought due to the vibe I got from the hourly chart of COINBASE:SNXUSD . There's a clear rhythm (up and down seasons) to the Madrid Moving Average Ribbon that would suggest that we're reaching the bottom of the "down" season for SNX that started around 09/16. If history repeats itself, we'll see a $4-$6 jump by Thursday morning. Let me know what you think in the comments! David
COINBASE:SNXUSDLong
by dsillman2000
1
SNX/USD 1D Breakout PatternIdea SNX/USD is on the brink of a potential breakout to the topside on the 1D chart @ 14.90. The set up seems to suggest a bullish continuation for SNX/USD up to about 20.00 in the short term. Price Structure Top Trendline: 14 Feb ‘21 @ 29.00, 18 May ‘21 @ 25.90 Bottom Trendline: 26 Jun ‘21 @ 5.50, 21 Jul ‘21 @ 7.10, 07 Sep ‘21 @ 9.30 Middle Trendline (Breakout): 11 Jul ‘21 @ 14.95, 21 Aug ‘21 @ 14.50, 15 Sep ‘21 @ 14.90 Conclusion This is a short term trade idea so take your profits @ 20.00 (do not be greedy). The difference between the middle trendline and bottom trendline is roughly $5.00 so if we tack that on to the potential breakout level of 14.90 we get 19.90. We also had an exponential moving average crossover on the daily (12-26) 13 Sep ‘21. Bitcoin is “golden crossing” which helps the case for our trade. Good luck!
COINBASE:SNXUSDLong
by UnknownUnicorn13678091
SNX sugar....SNX is another coin that has not pumped in the recently rally, we think the bullishness for the entire crypto space will spread like wild fire and it's only a matter of time it reaches the SNX camp. BULL CASE Price may find immediate rally from, blast past it and find consolidation well above the 200MA near the $20 levels. BEAR CASE In the event price dumps from here, we think the immediate support at 11.2 will hold and it rallies into the bullish Q4 of 2021.
SLong
by IkanBilisCapital