SNX longSNX broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 2.13 is expected to happen.
SNXUSDT trade ideas
Trading Idea SNXUSDTOn the daily timeframe we can see a range by Wyckoff - it's an accumulation. The liquidity at the bottom side got sweeped in second time, fulfilling the 1D imbalance. Also we can see a divergency by RSI.
To be sure, can wait until the price comes back to the range, and then open a trade.
On futures chart, the price is already got back to the range.
SNXUSD ❕ descending triangleTrading volumes remain stable.
The asset confirmed the support level several times.
I think the price will reverse from the current level.
SNX LOOKS BEARISH (12H TF)From where I placed the red arrow, our diamatic seems to have started. We seem to be in wave e now. Wave e looks like a flat pattern. The red range is where we look for sell/short positions. I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry
I also specified the invalidation level, closing 1 daily candle above this level will violate the analysis
Comment if you have any questions
Thank You
Opportunity to take short side ridesH4 Support 1.929 to 1.953
H4 Resistance 2.186 to 2.215
H1 Support 2.099 to 2.116
H1 Resistance 1.929 to 1.953
Price is at the resistance level we can take a short after taking confirmations
the first target should be the support level of H1
SNX Ready For a Potential Correction? Synthetix Analysis 💎Paradisers, focus on SNX/USDT! It's currently oscillating within a defined trading zone and is gearing up for a potential downward shift.
💎If this breakout materializes as anticipated, brace yourselves for a rapid corrective phase.
💎The dual confirmed order blocks on the shorter time frame are worth noticing. These areas are likely landing spots for the SNX, given the liquidity concentrated there.
💎Looking back at historical movements, we observed a shift from demand to supply, leading to a notable decline in Synthetix Price and zeroing in on the prior Order Block (OB).
💎In the fast-paced world of crypto, staying alert and adaptable is of the essence. Keep your charts up-to-date and stay tuned for more insights!
SNX/USDT bullish scenario? 👀 🚀 Synthetix Today Analysis💎 Paradisers,heads up! A thrilling opportunity is emerging with #SNXUSDT as it is currently positioned in a demand zone and is gearing up for a bullish trajectory.
💎 After a prolonged period, SNX has regained bullish momentum, steadfastly holding strong support at $1.884. It is highly probable that the price will mitigate above supply, achieving our target -1 in this process.
💎 Upon meticulous examination of Synthetix, we've noticed a previous shift where demand turned into supply, leading to a substantial downward movement in its price. Above, there is a major supply zone, and we anticipate the price will mitigate that level shortly.
💎 If you're contemplating trading, ensure to employ a proper stop loss and trade with prudence. Stay tuned for more insightful analyses!
SNXUSDTSNXUSDT is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 2.350.
What you guys think of this idea?
See the previous analysisIt is possible to identify high profits with simple attitudes, but will your spirit be ready to accept such cases? Look at this analysis and trade with the view of self-knowledge and self-improvement. Not the technical ones ( In the second Pegah from 1403 to the east of Bangor, in the fifth Pegah from 1404 to the west of Bangor. God loves you, he loves you a lot, and he will never leave you alone except in difficult tests, leave your mind free from lies, insults, threats, and theft (literary and financial theft), then you will see me )
It is very bullishYou may even be able to enter without confirmation, dear friends, in the spot market
SNX: Approaching SupportTrade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $2.00, then $1.60. The nearest Resistance Zone is $3.05, then $3.40.
SNX/USDT keeping eyes opened hereHey traders👋
Overall gameplay is clear here so we are waiting for the price to reach our "pink" zone in order to take a potential long position! If we see a struggle there and weakness then we will have to postpone the trade!
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
SNXUSDTNot an investment recommendation. This chart was made for personal study and personal use only. If you like the idea, please boost it. If not, write why. In my humble opinion, the price will go up.
SNX ANALYSIS (4H TF)After hitting the red box above, which is an order block, it was rejected towards the bottom.
I have marked another red box below, which is the new place to open sell/short positions.
From the lower red box, we can move towards the targets to complete the waves.
I also specified the invalidation level
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SNXUSDTThis is a 1D frame analysis for SNXUSDT After bouncing off the support line, the price was unable to maintain its support and is currently heading towards the first resistance line. We can expect that if it cannot break above the resistance line, it will start to move back towards the first support line, but if it can break above the first resistance line, it may start to move towards the second resistance line.
It's about to complete a huge weekly triangle...SXP being part of Binance has a huge potential and the figures are clear.
The clock is ticking...
THIS IS NOT A FINANCIAL ADVICE, PLEASE INVEST AT YOUR OWN RISK
SNX/USDT Breakout the Descending Channel !!! Bullish Momentum ?? Yello Paradisers, SNX Analysis: Bullish Breakout with Strong Volume
💎 SNX has successfully broken out of its descending channel pattern, backed by significant trading volume.
💎 Prior to this breakout, SNX tested a key support area twice. The first test led to a bounce and subsequent rejection at the supply level, followed by a gradual decline back to the key support.
💎 On the second test, SNX bounced strongly, leading to the breakout of the descending channel. This sets the stage for a bullish continuation for SNX.
💎 Entry Strategy: You have two options for entry. You can either enter now or wait for SNX to retest the near demand area around $2.05 following the breakout. SNX shows strong potential for further upward movement.
💎 Invalidation Scenario: This bullish outlook will be negated if SNX closes below the key support level.
SNX Buy Trade.IS a Bit Early Trade. But the Daily Candle From Yesterday had Broked an Important Resistence. We Have To Try With This Trade. Just 4% STOPLOSS.. Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
#SNXUSDT ANALYSISNYSE:SNX bounced with a good volume from the ascending trendline support.
Currently, it is facing the MA100 resistance. RSI bullish divergence is in action, MACD crossover is showing bullish momentum and the price in the key with a large volume.
A solid break above the MA 100 would confirm the continuation of the bullish move.
SNX longSNX bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 2.65 is possible.
Snx Looks Bullish Seems Like getting Ready To Continue Its Uptrend
Already In Uptrend In Higher Tfs And Now Forming Falling Wedge In h8 Tf Incase Of Breakout Expecting Massive Bullish Impulse
Incase Of Breakout Expecting 55 to 60% bullish Rally
What will happen to SNX?⚠️This is my opinion and is not a buy or sell signal⚠️
Hello dear traders, here we have two beautiful scenarios for snx
1- By breaking the 2.161 resistance (closing the candle above this resistance)
We can think about the long position. It would be better if it overlaps with the 26300 bitcoin break, which makes me more confident. It also breaks our trend line
2- The breaking of the support line of 1.995, which I know is more likely to happen because we had 6 encounters with the support, and the more encounters there is, the more likely it is to fail and such a weakness will hit. 6. We can see that it will hit.
Thank you very much for reading my opinion, be sure to tell me which one you agree with and share your point of view with us
