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SNXUSDT trade ideas

SNXUSDTGood time friends, we are at your service with another analysis, this time #snx ⚡️ with 150% growth probability We have provided you with the daily chart of this index; The pattern you see in the chart is called "Diagonal Reverse Header". This pattern is one of the strongest bullish patterns. The yellow line also shows the possible movement and temporary corrections of this index. You can see that the collar of this pattern is broken and it is a signal for buyers. Risk-taking people can enter the purchase now, and low-risk people can also wait for a pullback on the collar of this pattern. The loss limit of this transaction is 2.47 Maximum profit 8.1 Risk to return 8 ⚠️ Note that this transaction and analysis is intended for spot. Be successful and profitable
Long
by currenceland
Brief Analysis ——SNXToday, we share three tokens, all of which were relatively popular yesterday. They are LINK, DOT and SNX. Before July, SNX had completed the repair of FUD. Then the price entered a callback and rose last Thursday. The volatility and volume of the rising this time was higher than the previous average. Price pumped to the highs of MAY on Friday but finally forming a long pin-bar. Even so, the bears took control and after a pullback, SNX rose again on Wednesday. While the candle had another long pin-bar yesterday, as far as the current candle is concerned the bulls is in the lead . Conclusion: The high probability rise has not ended. SNX is neutral on a large scale and bullish on a small scale. Although the number of upward pin-bars have increased, the price still stay at this position. So we draw this conclusion. We set resistance level at high, 3.3, and support level at the low of callback, 2.56. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
SNXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 2.7 - 3.2 - 4 after first target reached move ur stop to breakeven Stop: ~1.65 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
4
SNX Synthetix Triple BottomSNX (Synthetix) has recently formed a triple bottom pattern, indicating a potential bullish reversal in the near term. The triple bottom pattern is characterized by three successive lows at approximately the same level, followed by a potential breakout to the upside. This pattern often signifies a strong support level and can foreshadow a price rally. Considering the formation of the triple bottom pattern, SNX may be poised for a potential price target of $2.40. This target represents the potential upside that could be achieved if the pattern plays out as anticipated. Looking forward to read your opinion about it!
Long
by TopgOptions
SNX- Next to PUMP? Has been a great past few days for me with some insane calls, especially AAVE yesterday and already on SNX: They way i operate is this: I work on many charts, i choose the best one. At this time of time I like SNX chart a lot: close to support, has potential for much higher. NEWS: Synthetix founder wants to buyback and burn millions of SNX tokens QUICK TAKE Kain Warwick, the founder of Synthetix, has come up with twelve proposals to incentivize the next phase of the project. Among these included a “SNX split and buyback” proposal that involves a 3:1 split of SNX, followed by a buyback and burn. Kain Warwick, founder of decentralized derivatives trading protocol Synthetix, proposed 12 substantial governance proposals to propel the platform into its next phase. These initiatives strive to broaden Synthetix’s capabilities and stimulate increased participation from its community members, as outlined in Warwick’s “State of Synthetix” post. A significant proposition is the “SNX split and buyback” proposal in the post. Warwick suggested a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield. “Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield. Introducing quarterly bonuses Another proposal, termed the “core contributor alignment,” seeks to incentivize project contributors by distributing Synthetix Network Tokens (SNX) as quarterly bonuses. Warwick believes this strategy could secure ongoing commitment to the protocol’s success from the platform’s contributors. Additionally, Warwick proposed the allocation of SNX for trading incentives. This aims to stimulate trading volume and foster increased market activity on the Synthetix platform. Beyond this, he suggested giving SNX to stakers to boost their involvement and commitment to preserving the platform’s stability. The Synthetix platform supports decentralized derivatives trading within its liquidity pools, which currently boast a total value locked (TVL) of over $420 million on Ethereum and the Optimism Layer 2 network. The purpose of presenting proposals, Warwick said, was to start a conversation and ensure the Synthetix community is kept in the loop about potential directions for the platform. The proposals will be put to a vote by the Treasury Council (TC), Synthetix’s four-member governance body, which is responsible for resource allocation for the protocol’s expansion and growth. Currently, these suggestions remain in the conceptual stage, needing votes to progress. “Nothing has been confirmed by a Treasury Council vote yet; however, many of these proposals have garnered support within the ,” Warwick commented. Link: www.theblock.co Looks like Synthetix is a good idea for me.. Targets: 2.45 2.8 3.7 Support: 2.154 1.968 One Love, The FXPROFESSOR PS. And let's hope market opening helps now
Long
by FX_Professor
8
SNX is about to explode!Hello, everyone! While CRYPTOCAP:BTC is in sideways it's time for altcoins to recover their prices. Yesterday my coin of the day was BIST:LINK , today is time for NYSE:SNX . In my opinion the increased Bitcoin dominance should be allocated to altcoins in the upcoming days/weeks. Lets take a look at the SNXUSDT price chart. Like other altcoins this asset is showing the correction ABC is wave 4 of any degree. Waves A and B have been already finished in my opinion and now price is finishing the wave C. This wave is so imulsive which allows us to see some nice gains. Wave C usually consists of 5 Elliott waves cycle. I think that wave has just been finished. Of course wave 3 was not so large, but longer then wave 1. Wave 4 has still not overlapped the wave 1 top. It means that the main axiom has not been violated. Wave 4 has the original target is zone between 0.38 and 0.5 Fibonacci retracement of the wave 3. Price has reached this level exactly. I decided also to apply the FibDiv trading strategy in conjunction with waves. If price bounces from this Fibonacci zone we shoud wait the the next impulse (in our case wave 5) in the resistance area which is marked as the red box. Therefore, first target is located at $2. But taking in account that wave 3 was not extended wave 5 can be extended. In such cases we have the second target at -0.618 Fibonacci projection. Now it's located at $2.15. After this pump I expect new deep dive. Best regards, Ivan ____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
Long
by Skyrexio
2
SNXUSDT wants more liquidity?SNXUSDT is exhibiting a distinctive pattern known as an ascending channel, which is formed by a series of higher lows and higher highs. This suggests a bullish trend in the market. However, it's important to note that the price is currently approaching a significant daily resistance level. If the price fails to break above this resistance and instead drops below the $1.8 area, it could indicate a shift in market sentiment towards the bearish side. This would potentially trigger a new downward movement, or bearish impulse, in the price. According to Plancton's Rules this scenario would suggest a potential opportunity for shorting SNXUSDT. Traders who adhere to these rules might consider opening short positions, speculating that the price could continue its downward movement until reaching the $1.6 area.
by InkyGrip
4
Syntheticx Network: Wyckoff AccumulationAcross the crypto space I'm seeing mixed signals, some look ready to go while others look like they need one last flush out, a sweep of the lows, a spring. Syntheticx is a prime example of this. While there doesn't need to be a spring, if we do get one it'll provide excellent entries to enter long term positions. Key points: Appears to be at the end of phase B of Wyckoff accumulation There will be a lot of lequidity (Stop's) below lows setting up for a Swing failure Pattern (SFP) Confluence with other coins such as VET suggests there could be one more push down Waiting for a spring will provide a better entry The trade: Entry 1: SFP- enter below the low @ $1.396 - Careful - RISK of meltdown with no clear stop. Entry 2: enter on the local 0.618 after a spring Entry 3: add to positions on any additional 0.618 pullbacks Target 1: near top of range at $3.00 Target 2: monthly resistance at $7.34 Target 3: Monthly high resistance $18.72 Target 4: Moon bag - $139 - not impossible but unlikely due to 38b MC Stop 1: once price reacts - below previous low Stop 2: move up to local .707 after reaction Stop 3: move up to just below resistance levels as they are broken and retested from above D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
SNX Just the other day u told me you were sorryGuys, snx hit take profit 2 on the super trend, then we had btc trouble so it negated the targets (which basically are the fib extension on the elliot wave, modified from hewhoshallnotbenamed) However it is my experience, that the coin once it reforms support will go test the targets. So I gone LONG, cause well Ladys give me lots of $$$, may buy a new bicycle. I wonder if snx will hit all targets and I can get a scooter. Stop adjusted to 2.10- leverage 10x- 20x. Please stop trading isolated above 10x, lol.
Long
by UnknownUnicorn39347201