#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!
Wait for BO/retest to open a long position. The local support level is PWL $1.218 and the resistance level is PMH $2.066.
SNXUSDT trade ideas
SNXUSDTSNX did break and retest and ascending triangle, which in most cases is a continuation, Its Monday already here, lets start with SNX long on with closed targets. cia0
SNX Possible SHORT Setup - Aug 15 2024Crossing Below the blue trendline will most probably take SNX to much lower levels. (Possible rising wedge pattern)
TPs: 1.225 - 1.138 - 1.070 - 1.0 - 0.93
Don't use high leverage and set SL just above the blue trendline.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25).
Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
SNX - Yes, another double-bottomI keep finding these nice double-bottom setups across the board, so why not share it :)
SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward.
I said this before, double-bottoms probably are the most reliable patterns you could ask for with a slim chance of failing. Of course, it can happen, but usually not without some bad news regarding the market (hacks, bans and the like).
Anyway, you should still have an idea upfront of what you want to see but more importantly what you DON'T want to see and adjust accordingly. Once in position stick to your plan as systemic as possible to limit your emotions - Because emotions such as fear and greed are going to cost you everything in the long run.
Stay safe!
#Snx 1W chartNYSE:SNX 1W chart;
At its level in June 2022. Therefore, it continues its course in the cheap zone
While the pattern formation with its harmonic structure continues, it is also nearing the end of the trend contractions from October 2021 and March 2024
After the movement on the Bitcoin side, we may see a journey up to the target zones on the chart
OB will complete its pattern with the resistance level seen.
SNXUSDT 1WSNX ~ 1W
#SNX In the past this was a very strong demand zone for price bounce.
At least for a 20%+ upside from here.
#SNX/USDT#SNX
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 1.60
We have a trend to dot higher than the moving average 100
Entry price 1.72
First target 1.88
Second target 1.98
Third target 2.11
SNX LONG ideai see SNX in range (consolidation) now we did have 3x bottom, and agresive downtrend line brake. + CTB (couter trend line brake - orange line). I would rather see trend brake before enter long, but i think its worth trying anyway becourse bullisht sentiment on crypto.
SNXUSDT At a Crucial Point: A Major Breakout or Breakdown Ahead?Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching:
💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move.
💎#Synthetix is testing the critical support zone of $1.72-$1.94, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast.
💎There is a Major Support Zone at $1.72-$1.94. A bounce from this level could be the start of an upward rally. Watch for strong buying interest here.
💎If the liquidity at the major support zone isn't enough, we might see a move down to $1.39. A strong buying response at this level could still spark a bullish run for $SNX.
💎However, if both the major and lower support levels fail, #SNXUSDT might face increased bearish pressure, possibly leading to further declines.
Remember, disciplined trading and patience are your best allies.
MyCryptoParadise
iFeel the success🌴
SNX Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
The chart shows a historical trend with significant volatility, indicating potential for substantial movement in both directions.
Currently, SNX is trading near its crucial support level at $1.50. A close below this support will likely pull the price toward the lower support at $0.731.
The chart is likely to get invalidated for the bullish outlook if breached.
The projected upside target of $28.935 suggests a massive potential gain if the price action reverses and gains momentum.
An 18x gain isn't gonna be an easy task for $SNX.
Key levels:
- Crucial Support: $1.50.
- Lower Support: $0.731.
- Target: $28.93.
- Invalidation Point: A close below the lower support.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Less Lines...Less noise Just The important Levels.Less Lines...Less noise Just The important Levels.
Jinny Gann Grid Levels are on the Chart possible Trendlines my WAY. Jinny Gann Grid/Horizontal Lines Works as Support / Resistance. Important levels for the Big Cycle on the chart. Trade Wisely.
SNX/USDT BREAKOUT DONE! LOOKS READY FOR A PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
SNX/USDT looks good here. Breaks out from the falling wedge-like structure in a 4-hour time frame and currently retesting it. Long some here and add more in the green box.
Entry range:- At CMP and add more up to $1.84
Targets:- $2.08/$2.24/$2.38/$2.53/$2.74
SL:- If a 4-hour candle closes below $1.84 or if you don't pay attention then put your SL at $1.70
Lev:- Use low leverage(Max 5x)
What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
SNXUSDT 1DFalling wedge formation on the #SNX daily chart. In case of a breakout, the targets are:
$2.560
$3.081
$3.502
$3.923
$4.523
$5.287
SNX trade idea.Snx bottom is in and also did change of character and turned into bullish. As you can see sell side liquidity marked onto the chart. And also marked demand zone on chart which is my poi for long position.
SNX PUMPED 13% FROM MARKED DEMAND ZONE.SNX did very well, in previous idea I shared snx trade idea in demand zone. Price came into that demand zone, exactly entry filled and 13% profit done.
My clear view on #SNXUSDT bearish are in position now let enter with good stoploss of 2% with high win rate
SNX/USDTThis token has been ranging inside diagonal channel, IMO it might aswell bounce again from here. trade AYOR
#SNX/USDT breaks the Diagonal Trendline in 1-Hour TF!#SNX/USDT breaks the Diagonal Trendline in 1-Hour TF!
NASDAQ:STX is looking good for a long position. The local resistance level is $2.995, and the support level is PWL $2.71.
SNXUSDT.PHello Trader BINANCE:SNXUSDT
1 day chart shows patten Ihns, but for the right soulder it is not 100% valid at this time. You can monitor it or if you want to try to enter, just go ahead.
It is not recommended for futures, if you really want to enter futures, the maximum leverage is to use only 2-5%
entry area : market price - 2,597
take profit 60%
stop loss 10%
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
SNX buy setupSNX seems to be getting ready to move to the supply side.
A bullish CH and hitting higher bottoms is a bullish sign that we have on the chart.
The target is supply
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Snxusdt Trading opportunitySNXUSDT has broken out of a downtrend channel, and the pullback has shown a strong bounce, presenting a favorable opportunity for bullish movement.
The important demand area serves as a good zone for re-accumulation if the market provides the opportunity.
In the event that the price continues to hold up and breaks our immediate resistance level, our plan is to go long on the pullback towards it, targeting the provided levels on the charts, including the internal supply zone and the external supply area as the final setup target.
Your engagement with comments and likes will be appreciated.
Thank you.
