SNXIdea: The price forms a “cup and handle” pattern. The price failed to break the daily 50 MAs on the first attempt and started a correction that could form a pattern handle, then the uptrend will continue
SNXUSDT trade ideas
Synthetix Network Token | Easy 111%+ PotentialHere is a pair before the bullish breakout... Synthetix Network Token (SNXUSDT).
For this pair, we have a higher low compared to June but still trading below EMA50.
Since we've seen how the other altcoins are moving, we know that SNXUSDT will follow, or at least we can make this inferrence from the chart signals.
Or we can say this is a setup with low risk (tight stop-loss) and a high potential for reward.
Synthetix Network Token can easily grow over 100% on its next bullish wave.
There can always be more of course, I am being conservative.
Thank you for reading.
Namaste.
#Synthetix Buyers Upbeat but SNX Inside a Bear FlagPast Performance of Synthetix
Synthetix is inches away from November and 2022 lows. SNX remains under pressure, looking at the performance in the daily chart. Presently, the token is trending inside a bear flag and within the November 8 and 9 bear candlestick. For the uptrend to take shape and SNX bulls to be relieved there must be a close above $1.85 and the flag with decent trading volumes.
#Synthetix Technical Analysis
SNX prices have support at $1.57, the base of the current bear flag, flashing with November 2022 lows. Unless there is a decisive follow-through, sellers have the upper hand, pushing SNX prices above $1.82 towards November 9 highs at $2.15, the immediate resistance level. A skeptical formation is the absence of participation, thrusting prices to spot rates with higher highs relative to the lower BB. Accordingly, aggressive traders can look to short and swing. Meanwhile, conservative, risk-on traders can wait for clear breakouts before riding the emerging trend. Losses below $1.57 may see SNX dump to $1.42.
What to Expect from #SNX?
Bulls are buoyant, but SNX remains within a bear formation. The short-term trajectory depends on whether bears will flow back, forcing the token below the triangle; or bulls flowing back, thrusting SNX above the bear flag back to November 9 highs.
Resistance level to watch out for: $1.82
Support level to watch out for: $1.57
Disclaimer: Opinions expressed are not investment advice. Do your research.
SNXUSDT selling todaySNX can drop anywhere from 20 to 50% starting tomorrow. The crypto winter is getting much colder.
SNXUSDT | WATCHOUT LEVELSNXUSDT has been trading with in a symmetrical triangle.
The price has been converged.
Now it is trading near higher side of triangle.
The bulls need to break above the triangle for further upside trend.
Manage your trades accordingly.
SNXUSDTdecent r/r here also if this thing turns into a triple bottom ihs
would take an upwards impuls from btc spx prolly
just a clean cfork
SNX LONGBought for 7% of snx deposit
Fundamental:
A few reasons
1) returned to the zone of interest
2) launch kwenta (exchange) on snx
3) the main thing is that snx restarted atomic swaps integrated into crv, 1inch in the summer it gave an additional commission to stakers and x3 in the price in the summer (for a couple of days)
On the technical side, we have a channel with a double bottom.
I also marked you on the chart areas of support and resistance.
Cancellation of the scenario will fix below $1.42
I expect a trip to the $ 2.72 zone, after which I will update the idea.
I'm waiting for your comments on my idea, I'm very interested in your opinion.
SNXUSDT (4H) - Bearish wave LTFHi Traders
SNXUSDT (4H Timeframe)
A High probability, entry signal to go SHORT will be given with the downward break of 1.73 after the market found resistance at 1.97. Only the upward break of 1.97 would cancel the bearish scenario.
Trade details
Entry: 1.73
Stop loss: 1.97
Take profit 1: 1.29
Take profit 2: 1.01
Score: 7
Strategy: Bearish wave LTF
SNXUSDT | BUYERS ZONESNXUSDT has been trading in a bearish trend . The price has been making lower lows and lower highs.
Now after breaking some major support, price has approached to strong horizontal support zone .
The price has printed bullish divergence on RSI too.
. The bulls can take control from here.
Manage your levels accordingly.
rr:2.16 buye ideabullish shark harmonic pattern
falling parallel channel
rsi divergence
tp strong resistance
SNX WAVEShi . i hope you are fine
Here we have the wave count of the SNX symbol.
I think that in the big wave B we have a diametric that we are falling in wave G. I expect another 50%-60% correction for this currency in the coming weeks
SNXUDST - CRITICAL ZONEThis stands to be a critical level for SNX, confluence of double bottom region from the May 2022 downfall as well as breakout retest on the daily TF. Consolidation at this range level is expected before the upside move over the upcoming period of time.
SNXUSDTLike a lot of my picks of the 11 coins I am investing in very hard to estimate how far SNX will go as it's never been this low.
I assume a 60% crash on most ALTS from here given how these bear markets usually end.
1 INCH and Optimism use their protocol for deep liquidity and they are also going to add non crypto assets to their protocol which is pretty exciting.
They also have put an end to their inflationary tokenomics making it a much better investment opportunity.
Best to have buy orders all the way down.
eg. 30% allocation once it drops 40%. Another 30% if it droops 50% etc.
Its essentially reverse price discovery.
SNX right now analysis || ArztopiaBINANCE:SNXUSDT
it's short
let's to profit
please follow me on media
SNX : THE PROMIST TREND BREAKOUTToday with new breakout expecting for SNX.
The forgotten coin and it's a coin that can fo stable in a low time frame, but depending on a study shows it has a high chance of breakout coming time.
I made a study trend on the coin and found a pattern that can make this coin breakout into the short term.
The golden breakout is above 4 USD.
Best breakout expecting
$4,75
Let's see coming time how this will go further, but very interesting.
Manage all-time risk, and do your study.
long SNX$SNX is bouncing off the lower boundary of an ascending channel. Bullish movement to upper boundary at 2.9$ is likely to happen.
SNXUSDT (1H) Butterfly HarmonicThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and recommenders. It should not be interpreted as a buy-sell recommendation or a promise of return on any investment instrument. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
SNX bearish continuationHere we have a look at a safe place to enter a short for SNX. Need to see just how high it goes before picking downside targets, but will keep an eye on it. Predicting bearish continuation.
SNXUSDT - Long by Supertrend, MA, ADX 10/28/20221. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
2. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
3. MOVING AVERAGE INDICATOR:50
- Long trend when closes candle is above MA line.
- BUY/LONG: reject to Supertrend at current timeframe.
