Rune to be analysed at innovation’s live. Looking for targets.
After the correction the cryptomarket suffered, $snx is one of the coins that didn't recover yet. It has been consolidating since it broke the first trendline. A fundamentally strong project with an excelent R:R and an incredible future. As a long-term investor in crypto, this chart is just stunning. I don't see how it can better than this. Hope you enjoy <3
Price is respecting a monthly chart trendline so maybe we won't see a test to the nearer resistance @ 1.3475. The weekly candle of this last week closed as a nice shooting star. We had a retest on the 1 hour chart after a break of the most recent bullish trendline where there was a nice entry. I would still enter watching the 4 hour chart with a pending sell stop...
After BTC almost hitting the ATH it was due for a correction, price came down close to 0.382 of FIB levels then pushing up once again. More of a intra-day persepective we can see the price respecting the 0.618 FIB level. Are we due for a larger correction? I believe so.
Looking for a move up or a break to this very important trendline following by a retest if you are looking for a more conservative approach.
Looking for a long term target here, price broke the monthly chart trendline. Waiting for a retest.