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SNXUSDT trade ideas

SNXUSDTHello to all dear traders, I hope you always hunt for big profits. DISCLAIMER: This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. everyone should buy and sell according to their own strategy. Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
by Bibres2003
SNXUSDT might be soon at bargain prices. Huge profit potential.SNXUSDTPERP might be soon at bargain prices between $4 and $2.58, potentially going all the way up to $30+ if a new rally begins when the huge money comes back into the market and new excited buyers jump on board of the crypto fever. In my opinion, you can safely enter 5x at the levels indicated. Contact me via direct message if you wanna buy Binance Futures trading signals. **This is not financial advice, do your own research. Trade at your own risk.
by dormond
Synthetics (SNX) Analysis 07/03/2021Synthetix 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. 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. Total of 3 TPs with Fibonacci Projection if 2 TP triggered then 3 TP is confirmed easy trade it is
Long
by BitonGroup
8
SNX roadmaps to greatness Hi, Synthetix (SNX) is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain. The roadmap of the asset is pretty exciting for 2022. Also, since Sept 2020, all synths are powered by Chainlink (LINK), for sure be one of the greatest sensations of 2022. Technically, we are bouncing off the major support and gaining bullish momentum (RSI, Ichimoku, EMAs), that should soon reflect in price action. Major resistance/support levels are set up on the graph, along with 2 possible bullish scenarios.
Long
by md1312
Synthetix (SNX) Buy ZoneSynthetix (SNX) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium The Synthetix break above our white trend line resistance, and we’re reaching at least $7.89 and short term support retest before an upside continuation. -------------------- $SNX/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 5.555 - 6 TP 1 : 6.27 TP 2 : 6.623 TP 3 : 7.155 TP 4 : 7.89 TP 5 : 8.7 TP 6 : 9.56 TP 7 : 10.2 TP 8 : 11.4 Stop Loss : 4.91 *Maximum 2% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene