$SNX Bullish Dragon ReversalReal nice bullish dragon here on SNX with bullish divergence at the 1.618 extension of the impulsive wave down. You really want to see it get back above local resistance here just under 6.00 if youre looking for the larger move. Historically thats where the big moves going to be. The bearish shark, and the dragon both would be looking for the .886 around 21-23$.
Even the local impulsive wave down is really clear and has diverged with a nice bullish reversal pattern. Important to dial this one in on the lower time frames for proper risk management of course.
SNXUSDT trade ideas
SNX/USDT 2 HOURS UPDATE Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
SNX /USDT is making this bullish expanding Triangle pattern.
Entry: $3.75- $ 3.83
Targets- $3.99 - $4.22- $4.345 - $4.59 - $4.8
LEVERAGE-5X - 10X
Stop Loss: $3.5
What's your thought on this?
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Thank you
#PEACE
Synthetix (SNX) Buy ZoneSynthetix (SNX) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Bullish
Risk : Medium
With a low of $4 zone Synthetix has just retested one of our deepest mid-term support zones at $4 zone where buyers prevented it from going any lower.
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$SNX/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 3.8 - 4.125
TP 1 : 4.25
TP 2 : 4.45
TP 3 : 4.65
TP 4 : 4.87
TP 5 : 5.1
TP 6 : 5.35
TP 7 : 5.7
TP 8 : 6.1
Stop Loss : 3.4
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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SNX Wave 5 4.236 (fixed)Assuming macro wave 4 has bottomed and we are running up now in wave 1 of 5
I have had to ignore the very unusual wicks in wave 1. But also tried to incorporate them in a loose sense where they do indeed show some confluence!
I admit this is a bit hopeful. The macro wave 3 is formed so nicely but the wave 1 is very problematic
My vague background knowledge is that fundamentally this is a potential blue chip providing financial derivatives services for defi which could be many $trillions industry in just a few years
fixed to show fibs properly
SNX Wave 5 4.236Assuming macro wave 4 has bottomed and we are running up now in wave 1 of 5
$1000 SNX would be $114B MCAP!
I think the ~$490 looks more likely either way timeframe is 100-300 days
I have had to ignore the very unusual wicks in wave 1. But also tried to incorporate them in a loose sense where they do indeed show some confluence!
I admit this is a bit hopeful. The macro wave 3 is formed so nicely but the wave 1 is very problematic
My vague background knowledge is that fundamentally this is a potential blue chip providing financial derivatives services for defi which could be many $trillions industry in just a few years
#SNX #SNXusdt ideal buy setup synthetixHey everyone
SNX is at a bottom right now. Ofcourse it all depends on BTC, but if this bottom is held.. the breakout for SNX could be huge.. making a triple bottom at current level + triangle breakout.
As you can see, SNX is at the ATL for the chart.
SNX fundamentally is a fine coin, so I am not worried about that.
Ideal buy zone: NOW (4.5) to 3.2 (bottom of triangle)
If this setup fails, still a perfect coin to keep in our hodl wallets imo. Until better times arrive.
Gl traders.
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. You see that the R1 line was a resistance area which the price has hit and fallen several times. Now it is broken. There is the R2 area which can be the next target for the price. Now the price is moving between R2 and S1 zones. It is possible for the price to have some correction and then move up to the R2 zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SNX | Looks Promising for Breakout..!!
#SNX (Update)
Descending Channel Formation in Daily timeframe Chart..
So far Looks Promising & In case of Upside Breakout, Expecting Massive Bullish Wave towards the $12..
Send it..!!
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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SNX Looks Ready for a New Leg up. 1000%+ Potentialwe have bottom fib bounce with a bottomed out RSI on 1W timeframe. We are currently resting right at our VPOC for the entire chart.
SNX tends to be a very early mover on the market, and with a potential bounce here we have quite a bit of upward potential.
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.