SNXUSDT trade ideas
More AccumulationAfter falling from the ascending channel at the end of Feb, I thought it would climb back up into the channel on Mar09, indicated by the 2 blue arrows, but alas, like my ADA plan, this is going equally splendidly.
In a sideways “accumulating” movement (translate, don’t sell at a loss), it has formed a bullish descending flag. Looking at the MacD day timeframe, it looks like a continued “accumulation” till a breakout and a positive green day MacD.
My thoughts, not advice Oklah. Cheers
SNXQuick chart for a sunday morning.'Small' coin buying zone.If we can buy here we could get nice profit.:) Cheers
SNXUSDT n SUSHIUSDT at tricky spotsshe needs to hold this level or we could see a re trace down to 15.00usd which if she breaks breaks get out for a bit and scoop the dips
ETH and ESP BTC pairs r beating up snx sushi and few other alts so great time to start to pick spots for next run but maybe not so spread out ( talking to all u 5 to 10 plus alt junkies out there smilez
_HGM
SNX (Synthetix) Token Analysis 24/03/2021 Updatedas we can see the price has fallen to the trend line and has some good chances of getting bounced from the Retracement and support zones
targets are the same as the past analysis
Synthetix Network Token (SNX) - March 24Hello?
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We have to see if we can get support and climb at 16.809.
As such, we need to see if there is any movement to move sideways at 16.809 or break off the downtrend line.
If you go down at 16.809, you can touch 13.222, so you need a Stop Loss to preserve profit or loss.
In order to turn to the uptrend line, it must rise to the 20.397-21.592 section and receive support.
As the OBV on the volume indicator increases green, it remains to be seen if the center line can rise.
It remains to be seen if the CCI line can rise above 100 on the CCI-RC indicator.
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(SNXBTC 1D chart)
We need to see if it can rise along the uptrend line (1).
In particular, it remains to be seen if the volatility around March 26 could increase more than 3280 Satoshi.
In order to turn to an uptrend, you must get off the downtrend line.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
SNX 4h bullish divergenceWhat the chart shows.
let's cross our fingers that BTC doesn't dip further, and it should play itself out. super tight SL
SNX Dragon/BatSnx forming a dragonesque structure, supported by a bullish Bat and daily class B classic bullish divergence. Hold 17.9 and you could run to 22.6 on the daily very fast, so it's easy to manage risk on this one. #prayforbitcoin
SNXUSDT analysisSNX have strong support in 17$ in Daily and 4h timeframe . and it have bullish divergence rsi in 4h timeframe
all this signs , could be good for long position in midterm .
note : if breakout strong support , it could be change every thing !
SNX-USDT(Ascending Triangle Breakout)With $2.97 Bn locked in the derivatives segment, Synthetic holds ~82.1% dominance in this niche.
SNX hit its All-Time High of ~$28.98 on Feb 14. Since then, it has been consolidating in an Ascending Triangle and has given a breakout at the time of writing.
Key Levels to look out for:
The support is present at ~$18.5, and the bull rally is most likely to continue to the levels of $24 and $27.
SNX/USDTIt seems like SNX is trying to break out of Komo cloud and the trendline, I'm waiting to see if it does, then after a successful pullback I will enter long, first target 28.198
SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SNXUSDT brokeout above the double bottom (DB) neckline resistance (NR).
- The market hit an ATH and retraced.
- Price retested the key fibonacci retracement zones (0.5 - 0.618 - 0.786).
- A daily timeframe bullish pin bar (BPB) was formed at the retest area.
- Price action is printing a pennant pattern (PP).
- A pennant pattern is a trend continuation pattern.
- A bullish trend continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's (PP) inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's (PP) inclined support.
