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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
by wildboar8
3
Synthetix Network Token (SNX) - March 24Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- 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. --------------------------------------- (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. -------------------------------------------------- ------------------------------------------- ** 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)
by readCrypto