SNXUSDT trade ideas
SNX / USDTPositive point:
1- daily RSI50 breakout and weekly about breakout
2- high volume at this price
3- nice support at this Fibonacci canal
you can enter in the buy zone or wait for the breakout triangle pattern.
TP = yellow lines
SL = 8.5
don't forget SL
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What Is Synthetix (SNX)?
Synthetix 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.
coinmarketcap.com
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is stuck in a range and fluctuating. If the price drops and stabilizes from each sides, it can move in the same direction.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
#SNXUSDT #SNX#SNXUSDT
#SNX
85% possible #SNXUSDT Breakout (Flat Top/Bottom) Trendline And Weekly Resistance Will Breakout And Then retest If Price Bounce Back Then Possible We Can See 18.00 $ Last Tp
Keep in mind.
🟢 ; Multiple Rejection Structure
🟣 ; Month Frame Structure.
🔴 ; Weekly Frame Structure.
🔵 ; Daily Frame Structure.
🟡 ; 4.H Frame Structure.
⚪️ ; 1.H Frame Structure.
SNX breaks its historical record amount in 2021!SNX is in an increasing channel and there is a very strong resistance line around 11.5 for SNX. If can break this level upward with a strong candle, it easily reaches 12.6 which is the FIBO 0.618. Besides, the MA50 brock the MA100 that is a very good signal for SNX, and also the trend line for the RSI is in a very good increasing position. I think 14 price is not too far and the main goal of this token is reaching 16 in 2021!