SNXUSDT trade ideas
Synthetic is going to go towards 3$ or upper Personal idea: Currently this zone around 2.3 - 2.5 is critical and any support in this zone, will give synthetic at least 30% growth chance. Good 🙂 luck 👍
SNX Synthetix Triple BottomSNX (Synthetix) has recently formed a triple bottom pattern, indicating a potential bullish reversal in the near term. The triple bottom pattern is characterized by three successive lows at approximately the same level, followed by a potential breakout to the upside. This pattern often signifies a strong support level and can foreshadow a price rally.
Considering the formation of the triple bottom pattern, SNX may be poised for a potential price target of $2.40. This target represents the potential upside that could be achieved if the pattern plays out as anticipated.
Looking forward to read your opinion about it!
Snx Finally Breaking out Seems Like Getting Ready For Another Massive Bullish Impulse Formed & breaking Falling Wedge Incase Of successful Breakout Expecting 80 to 90% Bullish Wave
SNX- Next to PUMP? Has been a great past few days for me with some insane calls, especially AAVE yesterday and already on SNX:
They way i operate is this:
I work on many charts, i choose the best one. At this time of time I like SNX chart a lot:
close to support, has potential for much higher.
NEWS:
Synthetix founder wants to buyback and burn millions of SNX tokens
QUICK TAKE
Kain Warwick, the founder of Synthetix, has come up with twelve proposals to incentivize the next phase of the project.
Among these included a “SNX split and buyback” proposal that involves a 3:1 split of SNX, followed by a buyback and burn.
Kain Warwick, founder of decentralized derivatives trading protocol Synthetix, proposed 12 substantial governance proposals to propel the platform into its next phase.
These initiatives strive to broaden Synthetix’s capabilities and stimulate increased participation from its community members, as outlined in Warwick’s “State of Synthetix” post.
A significant proposition is the “SNX split and buyback” proposal in the post. Warwick suggested a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield.
“Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield.
Introducing quarterly bonuses
Another proposal, termed the “core contributor alignment,” seeks to incentivize project contributors by distributing Synthetix Network Tokens (SNX) as quarterly bonuses. Warwick believes this strategy could secure ongoing commitment to the protocol’s success from the platform’s contributors.
Additionally, Warwick proposed the allocation of SNX for trading incentives. This aims to stimulate trading volume and foster increased market activity on the Synthetix platform. Beyond this, he suggested giving SNX to stakers to boost their involvement and commitment to preserving the platform’s stability.
The Synthetix platform supports decentralized derivatives trading within its liquidity pools, which currently boast a total value locked (TVL) of over $420 million on Ethereum and the Optimism Layer 2 network.
The purpose of presenting proposals, Warwick said, was to start a conversation and ensure the Synthetix community is kept in the loop about potential directions for the platform. The proposals will be put to a vote by the Treasury Council (TC), Synthetix’s four-member governance body, which is responsible for resource allocation for the protocol’s expansion and growth.
Currently, these suggestions remain in the conceptual stage, needing votes to progress. “Nothing has been confirmed by a Treasury Council vote yet; however, many of these proposals have garnered support within the ,” Warwick commented.
Link: www.theblock.co
Looks like Synthetix is a good idea for me..
Targets:
2.45
2.8
3.7
Support:
2.154
1.968
One Love,
The FXPROFESSOR
PS. And let's hope market opening helps now
Snk Looks Ready For Decent Recovery Looks Promising For Midterm Forming Descending Channel In 3 Days Timeframe & Building Up For Massive Breakout Incase Of Successful Breakout Expecting 300-320% Bullish Wave In Midterm
SNX is about to explode!Hello, everyone!
While CRYPTOCAP:BTC is in sideways it's time for altcoins to recover their prices. Yesterday my coin of the day was BIST:LINK , today is time for NYSE:SNX . In my opinion the increased Bitcoin dominance should be allocated to altcoins in the upcoming days/weeks.
Lets take a look at the SNXUSDT price chart. Like other altcoins this asset is showing the correction ABC is wave 4 of any degree. Waves A and B have been already finished in my opinion and now price is finishing the wave C. This wave is so imulsive which allows us to see some nice gains. Wave C usually consists of 5 Elliott waves cycle. I think that wave has just been finished. Of course wave 3 was not so large, but longer then wave 1. Wave 4 has still not overlapped the wave 1 top. It means that the main axiom has not been violated.
Wave 4 has the original target is zone between 0.38 and 0.5 Fibonacci retracement of the wave 3. Price has reached this level exactly. I decided also to apply the FibDiv trading strategy in conjunction with waves.
If price bounces from this Fibonacci zone we shoud wait the the next impulse (in our case wave 5) in the resistance area which is marked as the red box. Therefore, first target is located at $2. But taking in account that wave 3 was not extended wave 5 can be extended. In such cases we have the second target at -0.618 Fibonacci projection. Now it's located at $2.15. After this pump I expect new deep dive.
Best regards, Ivan
____________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support me🔥
SNXUSDT wants more liquidity?SNXUSDT is exhibiting a distinctive pattern known as an ascending channel, which is formed by a series of higher lows and higher highs. This suggests a bullish trend in the market.
However, it's important to note that the price is currently approaching a significant daily resistance level. If the price fails to break above this resistance and instead drops below the $1.8 area, it could indicate a shift in market sentiment towards the bearish side. This would potentially trigger a new downward movement, or bearish impulse, in the price.
According to Plancton's Rules this scenario would suggest a potential opportunity for shorting SNXUSDT. Traders who adhere to these rules might consider opening short positions, speculating that the price could continue its downward movement until reaching the $1.6 area.
SNX/USDTSIP 311 for @synthetix_io eleporters was just presented by CCs and folks from @chainlink
Teleporters will leverage CCIP and allow for seamless cross chain transfers of Synthetix liquidity.
sips.synthetix.io
Syntheticx Network: Wyckoff AccumulationAcross the crypto space I'm seeing mixed signals, some look ready to go while others look like they need one last flush out, a sweep of the lows, a spring. Syntheticx is a prime example of this. While there doesn't need to be a spring, if we do get one it'll provide excellent entries to enter long term positions.
Key points:
Appears to be at the end of phase B of Wyckoff accumulation
There will be a lot of lequidity (Stop's) below lows setting up for a Swing failure Pattern (SFP)
Confluence with other coins such as VET suggests there could be one more push down
Waiting for a spring will provide a better entry
The trade:
Entry 1: SFP- enter below the low @ $1.396 - Careful - RISK of meltdown with no clear stop.
Entry 2: enter on the local 0.618 after a spring
Entry 3: add to positions on any additional 0.618 pullbacks
Target 1: near top of range at $3.00
Target 2: monthly resistance at $7.34
Target 3: Monthly high resistance $18.72
Target 4: Moon bag - $139 - not impossible but unlikely due to 38b MC
Stop 1: once price reacts - below previous low
Stop 2: move up to local .707 after reaction
Stop 3: move up to just below resistance levels as they are broken and retested from above
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
SNX Just the other day u told me you were sorryGuys, snx hit take profit 2 on the super trend, then we had btc trouble so it negated the targets (which basically are the fib extension on the elliot wave, modified from hewhoshallnotbenamed)
However it is my experience, that the coin once it reforms support will go test the targets. So I gone LONG, cause well Ladys give me lots of $$$, may buy a new bicycle. I wonder if snx will hit all targets and I can get a scooter.
Stop adjusted to 2.10- leverage 10x- 20x. Please stop trading isolated above 10x, lol.
SNX UPDATE (4H)The chart shows signs of further upswings. Keeping the green area, we have two TPs that I have marked on the picture
SNX...Your all that I want!!!!What up guys, fell asleep last night before I could post #Snx, Floki was giving me a heart attack as usual.
However snx has broken out on them 1 hr chart and we can still take take profit 2 3 and 4 on z supertrend
SNXUSD ❕ trading in the rangeThe SNX is back in the liquidity zone.
The RSI chart is moving in the buy zone (4H, 1H and 30m TFs).
50EMA has broken up 200EMA on the 4H Timeframe.
Price has fixed above 50EMA on the 1H Timeframe.
I believe the asset will continue to rise after holding the lower range boundary.
SNX S&R in chart pattern's>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
still moving in to down trend channal but in case of breaks 2.42 (mid-line resist) SNX can test higher resistance in chart
Must important levels in short term marked on the chart.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>>>
SNX ANALYSIS (6H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the SNX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Snx Getting Ready To Reclaim 20$ Seems Like Getting Ready For Massive Recovery Formed Descending Channel In Days tf Incase Of Breakout Expecting 3 to4x Bullish Wave In Midterm
STXUSDT.P going OFF! STX no surprise is bullish AF, I've been watching this one for a while, and with BTC pumping today it's no surprise this is bouncing hard.
Entry around 2.38-2.40
TP 1 around 2.495 - 2.58
TP 2 around 2.995 - 3.05
Good luck boys.
SNX - Watch for support holdI like SNX here at support.
We saw a break down ( i saw a few ideas of longs last week ) at this stage not sure WHY. There was nothing showing a long set up.
Now we're nearing support its a good idea to keep an eye on some Alts at support because could be good long term buying opportunity's for the next bull-run.
1 - my eye on $2:05.
2 - or a big sell off below 2:05 to trigger liquidations and than holding above support, great buying entry.
or a break below 2:03 and close.
- Could mean better buying opportunities at $1:60 range.
Key note:
Patience is key don't just buy at support like every other retailer in history.
SNX (Y23.P2.E1). Wyckoff accumulation or ABCDE ellitotHi Traders,
We have 4 parts to the piece, the last part is always the hardest to find an entry but you can see how it fits into the the Wyckoff accumulation or elliot wave formation.
All the best in finding that last entry.
SNXUSDTthis is where i think Forks meets NEoWAVE. price is forming last part of diametric puzzle as G and now its gonna to face 8$ soon .
SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200%SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200% Upside Potential
The SNX/USDT pair has confirmed a breakout in the high time frame (HTF), indicating a bullish outlook for the long term. As of writing, the price is trading around HKEX:3 , with the breakout level at $2.70 and a retest level at $2.25. This technical analysis aims to provide insights into potential price movements and actionable trading strategies based on the chart.
Technical Analysis
The SNX/USDT chart suggests an upward move is likely to continue before experiencing some retracement. The breakout level has already been confirmed, and the price has retraced to the retest level, indicating a strong support zone. The long-term trendline has also been broken, further supporting a bullish outlook.
Targets and Stop Loss
Based on the chart, the potential targets for the SNX/USDT pair are $3.40, $4.50, HKEX:6 , and $7.30. However, it is important to note that a strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses.
Takeaways
The SNX/USDT pair has confirmed a breakout in the HTF, indicating a bullish outlook for the long term. The chart suggests an upward move is likely to continue before experiencing some retracement, with potential targets at $3.40, $4.50, HKEX:6 , and $7.30. A strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses.
Conclusion
In conclusion, the SNX/USDT pair presents a bullish long-term outlook, with a potential 200% upside from the breakout level. However, it is important to note that this is not financial advice, and investors must conduct their own research before investing in any coins.
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