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SNXUSDT trade ideas

Synthetix Long-Term (868% Potential Profits)We have an interesting one here with Synthetix (SNXUSDT) and we start right away with the potential profits... Looking at the current price vs the All-Time High, we see a massive 868% potential for growth... If we zoom in and look closer, we can notice the highest volume ever for this pair, SNXUSDT, signaling that the bottom is likely in and a trend reversal is due. I will not show the chart here but you can zoom by hitting the "+" sign on the chart to see what I mean. (Focus on the volume indicator) After activating the June 2020 support (2 years), Synthetix is preparing for bullish growth. Namaste.
Long
by AlanSantana
14
📊 SNX moved 70% up ! Will it fall back down?Hello, dear TradingView members. This idea is an SNX analysis. SNX moved 70% up after their tweet. And the exciting fact is that the market is still not overbought. On a daily basis, the market isn't strong enough. Still, if we shorten the timeframe, we can see a bit of potential for moving higher. Two scenarios are possible for this chart: Scenario one: The price will push straight up or use support to break the resistance to the higher resistance levels Scenario two: The price will stay below the resistance area, and it'll lose power to reach higher levels in the next couple of days. The Speedometer indicator shows Buy 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.
by ShawnMCR
20
SNX/USDT: Bullish reversal on going?---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- SNX/USDT: Bullish reversal on going? Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets SNX suffered about negative global market situation - SNX is expected to try to exit from the bearish channel or at least testing the upper part at 5,55 Market configuration - Graphical Elements : Graphical Resistance = 5,55 & 29 Graphical Support = 1,55 & 0,99 - Mathematical Indicators: EMA ( Exp Moving averages) are being reintegrated = bullish RSI indicator (below) is reintegrating 50% = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B is set at = 1,55 Fibonacci resistance of the wave in progress = 5,55 Fibonacci support of the wave (C) B(max extension) = 0,99 Fibonacci Bullish Target = 14,20 Conclusion Preferred case => Regarding the mid-term element,SNX is expecting to do a bullish reversal from the area we are now. we are bullish above 1,55 towwards 5,55 the upper part of the bearish channel and we expected then a bullish exit towards 14,20 Alternative cases => Breaking 1,55 a significant drop will open the door towards 0,99
Long
by JeanJean1983