SNXUSDTSNX ~ 1W
#SNX If you still have Conviction on the coin,. This is a great support block to start buying again. at least for 20%++
SNXUSDT.P trade ideas
Synthetix New All-Time Low On Falling Wedge (222% BU-Pot.)Hello my fellow traders, here we have another highly interesting chart.
Synthetix (SNXUSDT) just hit a new all-time low, breaking its December 2022 bottom and hitting the lowest price in its history... This can be good.
A reversal can easily follow after a strong crash and we have some signals in support of this statement.
1) We have a bullish harmonic pattern coupled with a strong, almost perfect, falling wedge. While there is always the possibility of one more low, one more crash, a sudden flash crash; the truth is that growth can also start without warning and this is the tricky part about the cryptocurrency/altcoins market.
It can take weeks or months for a bullish wave to develop but at other times massive growth can happen in a matter of days; no warning. The patterns and indicators can alert of the event but not the exact timing as to when. We can easily predict the direction but not the date.
2) The classic rounded bottom is also present and the current session is green. More than this small rounded bottom, which is weak due to its small size; we can see SNXUSDT trading back above its December 2022 low support. And that's the main and most important signal.
If it trades above this level we can assume that additional growth is possible.
Confirmation is needed and this only happens once the session closes.
These are early signals, but the potential is good for a bullish jump.
Remember to do your own research and planning.
Your support is highly appreciated.
Namaste.
Buy Trade Strategy for SNX: Leveraging Synthetic Asset InnovatioDescrizione:
This trading idea focuses on SNX (Synthetix), a leading cryptocurrency in the DeFi space, enabling the creation of synthetic assets that track the value of real-world assets like fiat currencies, commodities, and stocks. SNX has established itself as a critical protocol in the decentralized finance ecosystem, offering users a unique way to gain exposure to various assets without holding the underlying asset. With continuous updates, partnerships, and a strong development community, SNX holds significant potential for long-term growth as the DeFi market expands.
However, it’s important to note that cryptocurrencies, including SNX, are highly volatile, and external factors such as regulation changes, market sentiment, and technological advancements can impact prices dramatically.
Disclaimer:
This idea is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly speculative, and trading them involves substantial risks, including the potential loss of capital. Always conduct your own research, assess your financial position, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SNX looks ready tooLot of great setups on the market now... lot of super bullish structures and SNX is one of them.PA and TA is pure bullish. Target red MA. GL. If you have any questions, let me know in comments.
NOT A FINANCIAL ADVICE + MANAGE YOUR RISK AND USE STOPLOSS
SNX/USDTThis week we will have CPI news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
possible entry's for a longtradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX.
There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above.
Role: Reversal
Expected trend: Bullish
Previous tren: Bearish
Reliability: Moderate
Pattern: Triangle
According to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing.
Target price
The basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.
SNX/USDT PLAN The SNX/USDT breakout and retest have been confirmed on 6h time-frame, and it’s encountering slight resistance on the 4-hour timeframe. I expect another breakout soon, with the next target above $2. Not financial advice—do your own research.
SNX longPrice reached the other resistance level, if price punches through, it can reach full profit.
SNXUSDT: Trend in daily time framePlease pay special attention to the accurate trend, and very accurate colored levels
Be careful
BEST
MT
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.557 .
Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.660 .
RESISTANCE LEVEL (2) : 1.767 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.445 .
SUPPORT LEVEL (2) : 1.284 .
TURNING LEVEL : 1.557 .
#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!
Wait for BO/retest to open a long position. The local support level is PWL $1.218 and the resistance level is PMH $2.066.
SNXUSDTSNX did break and retest and ascending triangle, which in most cases is a continuation, Its Monday already here, lets start with SNX long on with closed targets. cia0
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 1.395 .
Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 .
Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 .
SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
SNX Possible SHORT Setup - Aug 15 2024Crossing Below the blue trendline will most probably take SNX to much lower levels. (Possible rising wedge pattern)
TPs: 1.225 - 1.138 - 1.070 - 1.0 - 0.93
Don't use high leverage and set SL just above the blue trendline.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25).
Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
SNX - Yes, another double-bottomI keep finding these nice double-bottom setups across the board, so why not share it :)
SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward.
I said this before, double-bottoms probably are the most reliable patterns you could ask for with a slim chance of failing. Of course, it can happen, but usually not without some bad news regarding the market (hacks, bans and the like).
Anyway, you should still have an idea upfront of what you want to see but more importantly what you DON'T want to see and adjust accordingly. Once in position stick to your plan as systemic as possible to limit your emotions - Because emotions such as fear and greed are going to cost you everything in the long run.
Stay safe!
#Snx 1W chartNYSE:SNX 1W chart;
At its level in June 2022. Therefore, it continues its course in the cheap zone
While the pattern formation with its harmonic structure continues, it is also nearing the end of the trend contractions from October 2021 and March 2024
After the movement on the Bitcoin side, we may see a journey up to the target zones on the chart
OB will complete its pattern with the resistance level seen.
SNXUSDT 1WSNX ~ 1W
#SNX In the past this was a very strong demand zone for price bounce.
At least for a 20%+ upside from here.
#SNX/USDT#SNX
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 1.60
We have a trend to dot higher than the moving average 100
Entry price 1.72
First target 1.88
Second target 1.98
Third target 2.11
SNX LONG ideai see SNX in range (consolidation) now we did have 3x bottom, and agresive downtrend line brake. + CTB (couter trend line brake - orange line). I would rather see trend brake before enter long, but i think its worth trying anyway becourse bullisht sentiment on crypto.
SNXUSDT At a Crucial Point: A Major Breakout or Breakdown Ahead?Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching:
💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move.
💎#Synthetix is testing the critical support zone of $1.72-$1.94, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast.
💎There is a Major Support Zone at $1.72-$1.94. A bounce from this level could be the start of an upward rally. Watch for strong buying interest here.
💎If the liquidity at the major support zone isn't enough, we might see a move down to $1.39. A strong buying response at this level could still spark a bullish run for $SNX.
💎However, if both the major and lower support levels fail, #SNXUSDT might face increased bearish pressure, possibly leading to further declines.
Remember, disciplined trading and patience are your best allies.
MyCryptoParadise
iFeel the success🌴
SNX Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
The chart shows a historical trend with significant volatility, indicating potential for substantial movement in both directions.
Currently, SNX is trading near its crucial support level at $1.50. A close below this support will likely pull the price toward the lower support at $0.731.
The chart is likely to get invalidated for the bullish outlook if breached.
The projected upside target of $28.935 suggests a massive potential gain if the price action reverses and gains momentum.
An 18x gain isn't gonna be an easy task for $SNX.
Key levels:
- Crucial Support: $1.50.
- Lower Support: $0.731.
- Target: $28.93.
- Invalidation Point: A close below the lower support.
DYOR, NFA.
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