SNXUSDT.PS trade ideas
SNX in a good postionIn according to chart and volumes, SNX in a good Long position for Holding mode...
IS SNX READY TO BREAK ???Upon the break above the current resistance, price is expected to see higher levels or even reach the All Time High
SNX/USDT (Interval 1D)Ascending triangle identified on the chart which is a clear sign of possible breakout. This is going to get sent soon. GO SNX!!!
SNX at a cross roadA break of this currrent resistance being faced price will go wide to $14.5 as can be seen on the chart indicated with the yellow arrow. The Price action is historical.
LONG SNX⬆️Buy @ 12.5
✅TP1 @ 14.8
✅TP2 @ 16.30
✅TP3 @ 20
✅TP4 @ 23.25
✅TP5 @ 25.40
✅TP6 @ 30.70
⭕️SL @ 11.5 ( D Close)
SNX/USDT a potential longSNX/USDT if it holds the support at the green area this will be a signal buy to long stop loss below the green areas
Enjoy the gains
Snxusdt analysis by vicPrice is forming a head and shoulders pattern on the 4h so potentially we are waiting for a dump from the neckline of the head and shoulders so that will be like an entry for short if the pattern eventually form
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NOT an ADVICE 😜😜😜😜
SNXUSDT LONG IN BINANCE AND KUCOINR/R with first target is about = 1.3 !!!
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
SNX 70% COMING ! 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.
Who Are the Founders of Synthetix?
The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix.
Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia.
Peter McKean, the project’s CEO, has over two decades of experience in software development. He previously worked as a programmer at ICL Fujitsu.
Jordan Momtazi, the COO of Synthetix, is a business strategist, market analyst and sales leader with several years of experience in blockchain, cryptocurrency, digital payments and e-commerce systems.
Justin J. Moses, the CTO, was the former director of engineering at MongoDB and deputy practice head of engineering at Lab49. He also co-founded Pouncer.
What Makes Synthetix Unique?
Synthetix is a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is designed in a way that exposes users to the underlying assets via synths, without having to hold the underlying asset.
The platform allows users to autonomously trade and exchange synths. It also has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange.
The platform tracks the underlying assets using smart contract price delivery protocols called oracles. Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for third-party facilitators.
SNX tokens are used as collateral for the synthetic assets that are minted. This means that whenever synths are issued, SNX tokens are locked up in a smart contract.
Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency.
How Many Synthetix (SNX) Coins Are There in Circulation?
The maximum supply of SNX is 212,424,133 coins, of which 114,841,533 SNX is in circulation as of February 2021.
At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
How Is the Synthetix Network Secured?
The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees.
Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards.
Where Can You Buy Synthetix (SNX)?
SNX tokens can be purchased at top exchanges, such as:
Binance
OKEx
Coinbase Pro
Uniswap (V2)
SNX/USDT 48% profit?Looks bullish, because weekly level SR flipped. Good confluences for TP are monthly level + GP + global VAH. More profit can come, when we claim this monthly level.
SNXUSDT Adam & Eve Double BottomsAdam & Eve Bottoms
SNXUSDT has formed Adam &Eve double bottoms as seen in the chart. Left Bottom which is in slightly curve shape like V forms Adam because this slightly curve shape shows only Wicks of candlesticks whereas their bodies are above to that point and formed a V shape Which indicates Adam because in Adam bottom only wicks of candlesticks reaches to a certain levels or zones whereas their bodies are present above as shown in pattern at 11.114 .
Now, if we talk about right bottom as shown in the chart then candlesticks has formed Eve bottom because Eve bottom is formed in curve shape such as U shape but not U where most of the candlesticks are present with their bodies somewhere at the same levels or zones of Adam bottom. After forming a curve like U shape indicates a trend reversal from bearish to bullish.
When both bottoms are formed then we check the previous price action from where rejection was faced and results in double bottom and draw a trend line at that point which is called as Resistance as shown in chart at point 12.329.Now just wait for the breakout and retesting as shown in chart because double bottom indicates bullish trend. After retesting its resistance will be its support level and we will open our trades where their are different points for TPs.
TP points
13.276
13.827
14.335
SNX long term ideaone more idea as promised
It's a rather optimistic idea, of course. But if you look at assets like AVAX and DOT, then this idea has life to execute. You can look for an entry point on a small interval, or wait for a breakout on a 12 hour interval.
SNXUSDT will go up soon!SNXUSDT will up up soon
you can buy in this price (11.35) and wait until it goes to 13-14 and maybe 15 and so on
Stoploss point is 10.50
SNX - LONG - 29/08/2021SNX/USDT
Leverage 10x
Entry 11.8 11.23
Stop 10.69
Targets 13.5 15.5 17.7 18.5 19.7
Long TradeI work out a Bipoon signal to buy SNX. After good correction we have big potential for going up. In the current moment good point to entry with good risk ratio.
SNX/USDT 1H UpdateMarket Cap $2,116,653,547
24 Hour Trading Vol $114,309,742
Fully Diluted Valuation $2,859,320,550
Total Value Locked (TVL) $2,097,098,088
Fully Diluted Valuation / TVL Ratio 1.37
Market Cap / TVL Ratio 1.01
Circulating Supply 172,443,028
Total Supply 232,947,851
Max Supply 232,947,851
SNX/USDT UpdateMarket Cap $2,116,653,547
24 Hour Trading Vol $114,309,742
Fully Diluted Valuation $2,859,320,550
Total Value Locked (TVL) $2,097,098,088
Fully Diluted Valuation / TVL Ratio 1.37
Market Cap / TVL Ratio 1.01
Circulating Supply 172,443,028
Total Supply 232,947,851
Max Supply 232,947,851
