snxusdtDue to the failure of the downtrend line and the price reaction to it, there is a possibility of price growth up to the next Fibonacci range.
SNXUSDT trade ideas
Longing the breakoutThe yesterday’s daily candle close above resistance brought snx to a breakout. Retest to 6.8$ region completed on the hourly time frame. Expecting a rally up 50% 100% as snx climbs back to previous highs.
Disclaimer: Not financial advice
Synthetix (SNX) Buy ZoneSynthetix (SNX) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
The Synthetix break above our white trend line resistance, and we’re reaching at least $7.89 and short term support retest before an upside continuation.
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$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.
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SNX usdt ⬆️⬆️Snxusdt 1D chart is looking great forming ascending triangle and cup&handle. Waiting for breakout play the leg-up move.
SNX ANALYSISHere's a quick look a t SNX 1D chart. As we can see, the price has been showing to break a trend line a nd make retest to it.
7.225-7.6$ work as heavy resistance and w e need to breakout this.
Definitely one to keep an eye on .
The best entry at Support level also on trend support and after breakout and retest.
targets
7.33$
7.6$
8.5$
8.9$
10.29$
11.1$
keep holding it
SNX show huge pump anytime as shown before
thank you
SNX/USDT by CryptoTradersWWSNX is a project that has grabbed my attention.
One of the reasons is that the price has returned to the value area low of the entire range, presenting an outstanding risk-to-reward scenario.
In addition, we have a multi-month counter headline in play that must be broken in order to confirm a reversal.
I'm looking for a reversal back up to $9, which is the 0.618 Fibonacci level for the last important high + range's point of control.
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SNX, a good buy or long opportunity, 50-100% short-term spaceSNX is starting a relatively large rebound and can participate appropriately.
Entry price:
5.5-5.8
target price:
7.5-8
9.5-10
Stop loss price:
5.28
6.5 (below 6.8, moving stop loss after reaching 7.5-8)
good luck!
SNXUsdtthis for frinds ask me not my advice.
now on bearish channel need breakthis for move up
BUT THIS GOOD COIN AND NOW MORE DUMP SO YOU LIKE THIS PROJECT CAN BUY AND GOT GOOD PROFIT .
but rememebr this DeFi project on new year have good chanse with metavers and WEB.3 going for ATHadn on bullish market
they say about SNX why should buy this and use this project :
WHY SYNTHETIX
Capture the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities and more with zero slippage.
Synthetic assets, or Synths, are assets voted into existence by the community and can come in the form of fiat currencies, cryptocurrencies, stocks, commodities and anything else with a price.
GL:
EntryPoint:
5.640
Supports:
4.734
4.126
3.407
Resistance:
6.124
6.570
Targets:
7.451
8.809
11.025
12.873
16.582
mid time targets:
23.792
35.845
GL
SNX/USDT possible bounce with 1:5 risk rewardSNX has entered its bearish trend breaking some important support zones.
At the moment I expect it to bounce up to $9 and complete 'M' pattern.
A good trade could be taken on trend line breakout.
We see how price will react to first resistance at around $7.2.
Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.
The worst that could happen - going for new ATLs (all time low).
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
SNX-USDT trade setupRSI shows bullish divergence and the price is at very strong support.
A good R:R trade with tight SL. Worth to take this trade here.
The Priority Is Bullish📥 Seems ABCDE Corrective Pattern Completed And Currently The SNX Price Sitting On The Important Trend Line ,Till The Price Playing Above This Trend Line The Priority Is Bullish
SNX/USDTMention the Elliott wave principle
Traders like to trade on the 3rd wave, I think we're on wave 2 and it's coming to an end.
The base is at the red line, should not be below this line.
SNXLooks like the bottom is not very far.
Looking for a strong breakout of the descending diagonal resistance to enter a long position.
If it doesn't happen, we will re-evaluate as nothing might happen in the next weeks/month if there is not enough volume.
SNX 12/16 SNX has been extremely dissapointing, as most of defi as of late. I think now would be a good time to DCA in in hopes defi can continue its run.
💡Don't miss the great buy opportunity in SNXUSD @synthetix_io
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.09).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SNXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 55
Take Profits:
TP1= @ 5.33
TP2= @ 5.61
TP3= @ 5.97
TP4= @ 6.36
TP5= @ 6.99
SL= Break below S2
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💡Don't miss the great buy opportunity in SNXUSD @synthetix_io
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.09).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SNXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53
Take Profits:
TP1= @ 5.33
TP2= @ 5.61
TP3= @ 5.97
TP4= @ 6.36
TP5= @ 6.99
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
snxusdt Want to use your long-term gold bags in yield farming strategies? Synthetic assets may be the way to go.
Strong fundamentals of this gem.
Already working as an alone big company as an asset protocol
I will hold it for the long term.
SNX above long term support#SNX/USDT
$SNX is trading inside long term support zone, hold above this support can increase price to break out from descending resistance, and head up toward resistance zone. in long term price can reach $35 and even $43.
break down from current support will drop price to $2.9 and much more lower.
