SNXUSDT trade ideas
SNXUSDT bullish pullout on the horizonSynthetix seems ready for another pullout. It has been consolidating for a while above the 55 EMA, now it seems we will be getting a bullish impulsive move. My guess is that the next stop is 10.5-10.6. Not a financial advise though.
snxusdtsnxusdt has formed a bullish gartley pattern on weekly time frame. long term signal 3 month duration .
NFA DYOR
SNX LONGHuge spike in volume, with a trend reversal, the current price target is $28 however price could end up edging much further, only time will tell.
see uni postsnx making HUGE moves with inside track to layer two uniswap og ethereum team support
we r officially semi long on SNX but will watch this lunch closely as uniswap unleashes their L2 cheep swap capabilities
_they need to address this 7 day back to L1 safety precaution and (i hate to say it CB n all) n embrace this coinbase wallet integration for matic noptimism.io _uniswap getting back to L1 quick n cheep via a centralized exchange IE no longer need to know how to opp. metamask etc. is huge for L2 adoption
SNX bullish change of Macro Structure MACD giving bullish entry point. RSI in the good direction.
We could expect a higher high.
TP1 would be the resistance at 14.
SNX/USDT Price rising from demand zoneHello Traders,
I Entered SNX/USDT from below the demand zone and I am hoping that the price may slightly come down to 5$ and then you will see a BIg BUll movement around it. So there is a good chance to invest in this pair and I expect it to go near at least 15$ in near future.
Thanks and Happy Trading.
SNX long setup fires on bullish retestSynthetics (SNX) has shown the most strength off the recent lows out of almost any other DeFi charts we can find
- Big volume coming in after a tag of weekly support
- Confirmed bullish market structure on the daily
- Pull back into the local reload zone, completing the Wyckoff Check of the breakout point
Whatever Bitcoin decides to do here... This is a setup that's hard for us to pass on..
Long and strong. Risking to lows. Hunting a free position, selling half on a double up around the Fib extension/short RLZ
SNXWaiting for #SNX to fix above the key level before confirming breakout from the falling wedge ✨
CALL OF CRYPTO
SNX front row for ETH LAYER 2 via core eth team _optimismthis is tuff with the way market going but we believe this is not final shake out n BTC 30 to 29k maybe maybe 28 touch n run to low 40ks n back down for real deal shake out but still this hurts
maybe this layer 2 uniswap news will help n u can get a dop3 uni n snx n zks bag for crazyy deals uni under 15 usd zks under 1usd n snx under 10usd all steals esp with this news everyone is missing untill market moves again n people calm down
Optimism (no there is no token n no plans for one) just released there ALPHA L2 swap feature.
they went deep with SNX team to make this happen and have plans to un leash the entire SNX 63 pair token list.
overview:
swaps are way cheaper like 10x to 18x so a 20 usd swap is on average 1usd so ya..... down side is there is a 7 day hold period n a fee for the near instant gas fee to transfer optimism L2 ( the funny thing is we have been doing this exact thing on zks for months)
coinbase offering Native support for this bridge n optimism L2 feature via coinbase wallet _as coinbase looks to very aggressively expand services n boost the positive cash flow on balance sheets for coin token holders coinbase wallet will support matic_polygon as well thus making it so u dont need to pay the larger size eth gas fees to move from matic to eth L1 (again all done on zkswap been doing swaps for sometimes less then 1 usd for months_ some pairs that seemed to have L2 liquidity quickly was not any particular order UNI 1INCH SNX SUSHI YFI AAVE n a few others like RUNE COMP MKR LINK
look for the SNX Kwenta release which will fully integrate chainLINK oracles and proper overall user friendly exchange functionality for the SNX_ Synthetics platform (dev from uniswap_optimisim "at which point synths and link will be tradable L2 mainnet"
_keep in mind uniswap has a history of rewarding people who interact early with stiuff like this. thats how 1inch started with their airdrop.... anyway get in there n check it out
some other dev shout outs for hints on futture smart contract etc L2 partners so to speak _ Etherscan Infura Alchemy QuickNode TheGraph Truffle HardHat MetaMask CoinBase_Wallet and Imtoken_Wallet
Grounded Crypto
twitter.com
twitter.com
uniswap.org
static.optimism.io really LINK n SNX n of course stable coins n WBTC n ETH
help.uniswap.org
cryptoticker.io
like for longer term alts AAVE SNX 1INCH SUSHI MKR COMP LEND UNI ZKS YFI n a few others
FANTOM
security n privacy tokens
ALGO MATIC DOT ADA (OCC launching _CARD STARTER n others)
ETH ETH ETH BTC BTC BTC
like snx here with something to cost average in just in case
we continue to see less n less sell pressure esp with btc n eth. also liking alts now but be quick to take profits n ruthlessly cut ur losers.
as funds get more active in crypto this will be a primary means to swap etc for them without getting hit on major slippage on larger orders. untill i see a better funded n ran option for multi dex routing orders in crypto i will HODL n accumulate 1inch sushi snx uni aave mkr n a bit of random like YFI fantom trustswap zks at or under .70 (really anything under 1.00 usd there is great) with some DOT n ADA (see OCC) with primary HODL BTC n ETH
as far as new or newr projects we look at anything that solves
_cross chain friction
_fiat on n off ramps
all combined with user friendly easy to use platforms (like cro n no limit orders but i use them because im in the us n can easily convert crypto to monie on my cro visa debit card.) is what u want to look for on longer term plays
but for now what makes money..... uniswap 1inch sushi zks snx even uma n linear or lina... remember these synthetics or strait native eth dex's generate millions in fees every month n are the current life blood or cardiovascular system for this eco system. sushi is great for cross chain i hear with 1inch splitting up larger swaps over multi dexs n the og uniswap with the most dex liquidity then we have layer 2 options like zks n matic loopring the list goes on with BSC rite there in the middle. Now we have ADA joining the party launching new projects with a eye towards KYC (SEE OCC) ada launch pad like cardstarter
most fund money at the moment seems to be bleeding into more BLUE CHIP type DeFi projects like SNX n exploring into u name it....
SNXUsdt (Synthetix) SNX rank on CoinMarketCap is #67
have good new s for snx and can ging up more and more
i dont like channel and paraler channel but this time i think work and is true with good top and bottom
can going Up too white trend line and target close too that is :21.952
but we dont know with how much angle going up
so we think normale moving close too target 21.952
Support :
10.230
9.362(Best Enter point)
8.636 (can happen adn touch this BTC fall and this is last pivot on channel)
Resisdance:
10.785
11.945 (can be set for targets with leverage)
Targets :
11.920
12.925
14.000
15.727
18.214
mid time targets :
21.952( this good targets and close too Resisdance Trend line White)
24.196
and goal can happen sooner with pump and this news but beteter we think this for holders this taregts :
27.825
36.160
this is SNX Webb SIte:
www.synthetix.io
And this is last news on twitter (1 DAY ):
RT @yonatanbenshimo: A new, in depth look at the recent history and future of the @synthetix_io Ecosystem written by YBS’s newest hire, @St…@synthetix_io
SNXUSDT CHANNELSNXUSDT HAS BEEN TRADING IN A CHANNEL. WAIT FOR PRICE TO HIT BOTTOM OF THE CHANNEL AND OPEN LONG ON REVERSAL.
SNX Wave 5SNX seems to have finished wave 4 and in wave 5 currently. Wave 3 was confirmed with the volume as well as the MTF wave stoch and the subwaves of 3, followed by an ABC with clear subwaves...
Variable ChartI use this chart layout for several different coins. I just load different coins with these saved indicators.
