possible entry's for a longtradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX.
There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above.
Role: Reversal
Expected trend: Bullish
Previous tren: Bearish
Reliability: Moderate
Pattern: Triangle
According to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing.
Target price
The basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.
SNXUSDT trade ideas
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.
#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
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.
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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.
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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!