SNXUSDT trade ideas
Synthetix SNX Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Synthetix SNX has a negative overall sentiment recently.
I have the following price targets:
SNX/USDT short
Entry Range: $2.90 - 3.10
Take Profit 1: $2.70
Take Profit 2: $2.26
Take Profit 3: $1.84
Stop Loss: $3.61
SNXUSDT | IMPORTANT ZONESNXUSDT ha been trading with in a symmetrical triangle. The price action is continually rejecting from 0.236 fib level and 100 SMA . The zone is confluences of many resistances.
Now price is trading at lower side of triangle. The price action on resistance projects a bearish trend .
The bears will get control below break of symmetrical triangle.
Trade your levels accordingly.
SNX/USDTSNX/USDT
It is located in a symmetrical triangle.
It can give us a good profit from any side.
Be sure to put this on your watch list.
#SNXUSDT #SNX #BTCUSDT #BTC #ETHUSDT #DOGE #DOGEUSDT
SNX/USDT#SNX
False breakout on the weekly and weekly close above the breakout candle
Close above the quantitative candle on the weekly and retest it
on the daily on the support and a bullish engulfing candle was formed and
Inside Bar
I expect next week's candle to be like the drawn candle, so that it will reverse and rise, God willing, and God knows best
Not a recommendation, just an opinion
Short SNXYes, I'm aware of the bull flag, but I believe the bearish divergence will negate that. I see a Wave 5 top with an Elliott Wave corrective move to the downside. The target I have labeled is my minimum take profit based on the ABC correction. If you're looking for a stop loss, I would suggest $3.62 since we have a lot of daily resistance there.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Snx/USDT Long📈Snxusdt Falling Wedge long breakout
All conditions for long confirmed
Take profit is dynamic/trailing stop loss
Exit point will be added in the comment box
P.S.THIS IS NOT A FINANCIAL ADVICE
SNX IST IN AN IMPORTANT AREABINANCE:SNXUSDT
tHIS MY analysis
we must wait for snxusdt reaction to get in position .
2 Idees , ihave . YOU can see in chart .
#$$$$$$$$$$$$$$$
ERFAN .
SNX long$SNX is experiencing a pullback after a strong move that happened yesterday. It is bouncing off the support level and the Fibonacci 0.5 zone. Bullish movement is likely to continue and reach the resistance at 3,57$
SNXUSDT First signals for a changing trend to up appear on chartGlobally, the SNXUSDT price is still in a downward trend that has been ongoing since the beginning of 2021
However, now the SNXUSD price is trying to establish itself in the upper part of the descending channel, which gives a chance for positive thoughts about the continuation of the growth.
So, if in the coming days the SNX price is held above $2.70, then the following targets for growth can be expected:
1) local growth up to $4.20
2) medium-term growth up to $5.80
3) a global goal for the growth of the Synthetix Network token price in 2022. - $10.70
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$SNX squeezing hard and ready to burst? (LONG)SNX has been ranging for quite sometime in this range is finally squeezing very tightly in the end of the range. Based on its performance, i expect this to break the trend upwards.
im not going into too much more detail, my last idea posted explains exactly how i utilize this break out pattern to set successful entries and solid/safe TP's!
please feel free to message me directly if youd like any help understanding the fundamentals of trading and learning to create a profitable trading strategy that works for you.
SNXIf the price fails to break through the downtrend line, then the formation of a bearish descending triangle pattern will be confirmed.
SNX facing two possible scenarios.Hello, dear TradingView members.
This idea is an SNX analysis.
It looks like SNX is getting rejected by the downtrend channel after moving 5% up.
The price is now consolidating on a local support level. There are two possible scenarios considering the static resistance on the way up.
First scenario:
The price can push up and pass the dynamic resistance, which is the upper band of our downtrend channel, and then continue to move higher after a pullback and confirmation.
Second scenario:
The price can get rejected by the dynamic resistance zone and land on the support levels.
RSI is overbought, so the price has room to go down.
The Speedometer indicator shows Sell volumes on the market for SNX on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
SNX/USDTSNX is looking good here if it holds above the trendline.
With current V3 narrative its not hard to reach specified targets , Longed here.
SL daily close below $3.4
SNX/USDT LONG1. Broken resistance zones.
2. Entering a position on a retest.
3. Trade in the direction of the trend.
SNX - SYNTHETIX - How Might The Rest Of This Correction Unfold?So continuing on in the spirit of sharing thoughts like no one can, once again I am talking to the chart.
You might think this is amusing but it is very serious business.
In fact so serious that you might actually learn a thing or two about holding onto your profits during corrective waves.
Although it may appear to some that we may be continuing to go lower or getting ready to move higher.
At this point in time it looks like neither.
It's purely corrective price action at it's finest.
A potential Type-1 Weak 5-Wave Move has been identified which will likely continue to be extreme choppy.
Chances are that you may have to watch the whole 20 minutes of this video to grasp what I am saying.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
SNXTP2 = ✅ +20% , The target has been hit Congratulations on these profits. You will not limit who gives you free deals like me.
BITCOIN - New Approach To Analysis - The Chart is Talking To Me!As part of this new way of approaching my analysis I have started to think outside the box and go with my instincts.
There was actually some future price action with Bitcoin VS Alt-Coins that I didn't quite get there with.
I thought about it later and realized that I didn't verbalize my initial thoughts but that's ok because I will mention it next time.
It also doesn't matter because there is plenty of time. It is most about how price action of Bitcoin can easily line up with Alt-Coins in the future.
It is all about the ups and downs so as we progress it will become easier using this format because there is no pressure.
These are my thoughts and as I continue to deliver them in this manner I will still provide levels etc but in a more casual way.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
SNX - SYNTHETIX - My Thoughts On What We Are Seeing Overall...In this video I take a step back and some small profits and go through a few waves logically.
The process of elimination I use in this video is to show you the train of thought that goes into how I see the waves.
Fractal patterns are extremely difficult to predict without the use of some methodology.
How do I know that? Because even with the use of one it is still difficult, but not impossible!
It depends on how determined you were to learn it or create it in my case.
In other words I always believe that it's not the my methodology that is inaccurate but rather my interpretation of the waves whilst using it.
So here I go through all the things that even other people might be looking at and slowly eliminate the potential for that outcome.
This is all based on probabilities and potentialities so persistence and good risk management is key.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
SNX - PRICE ACTION UPDATE - Time To Reverse Course - STOP OUT!In this video I go through the potential larger degree pattern and compare it to the similar pattern in SHIB.
As I mentioned previously if we break support then the count is invalidated.
I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time.
I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce.
When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts.
Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos.
I have no problem changing direction as long as the alternative count makes sense and has some context to support the view.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
