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Breakout in Synthetix (SNX) What it is and how to eat it, 2x soSynthetix (SNX) What is it and what is its use? SNX Total Marketcap Value: $ 2,202,648,474 Has entered SNX in 24 hours a total of: 228,996,693 At a technical level SNX / BTC only in this pair has formed a breakout triangle with a candle that has formed above the triangle confirming a bullish breakout But based on market sentiment, he indicated price zones at the close of the triangle, expecting a pullback next to happen. For the take profit I have used moving stockings and fibonnaci Marking the objectives like this: Shopping area 0.0003783 0.0003463 take Profit 1 0.0004265 Take profit 2: 0.0004538 Take profit 3 0.0004965 The macd still does not close on the signal line confirming the rise therefore it is my confirmation to wait for a retracement The rsi indicates an intermediate price level it does not yet mark an upward formation as such, therefore it will help me to enter the next price drop will happen But what is it Summary¶ Synthetix what it is and how it is eaten, Synthetix is ​​a decentralized synthetic asset issuance protocol built on top of Ethereum. These synthetic assets are guaranteed by the Synthetix Network Token (SNX) which, when locked in the contract, allows the issuance of synthetic assets (Synths). This joint guarantee model allows users to convert between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage problems experienced by DEXs. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short), and commodities. SNX holders are incentivized to stake their tokens as they are paid a prorated portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture the fees generated by Synth exchanges, from which the value of the SNX token is derived. Operating on Synthetix.Exchange does not require the operator to have SNX. SNX as a guarantee How SNX Supports Synthesizers All synthesizers are backed by SNX tokens. Synthesizers are minted when SNX holders stake their SNX as collateral using Mintr, a decentralized application for interacting with Synthetix contracts. Synthesizers are currently backed by a 750% guarantee ratio, although it may be increased or decreased in the future through community governance mechanisms. SNX users incur debt when they mint synthesizers, and in order to exit the system (that is, unlock their SNX) they must pay off this debt by burning synthesizers. Synthetix is ​​also testing Ether as an alternative form of collateral. This means that traders can borrow Synths against their ETH and start trading right away, rather than having to sell their ETH. Betting ETH requires a 150% collateral ratio and creates debt denominated in ETH, so ETH players mint SETH instead of sUSD and do not participate in the 'combined debt' aspect of the system. In this model, ETH bettors do not receive commissions or rewards, as they are not at risk from the debt pool. Why do SNX forks bet? SNX holders are incentivized to stake their tokens and mint Synths in a number of ways. First of all, there are trade rewards. These are generated every time someone exchanges one synthesizer for another (i.e. on Synthetix.Exchange). Each trade generates a trading fee that is sent to a fee pool, available for SNX players to claim their share each week. This fee is between 10 and 100 bps (0.1% - 1%, but normally 0.3%) and will be displayed during any trade on Synthetix.Exchange. The other incentive for SNX holders to bet / coin is SNX gambling rewards, which come from the protocol's inflationary monetary policy. From March 2019 to August 2023, the total SNX supply will increase from 100,000,000 to 260,263,816, with a weekly decay rate of 1.25% (as of December 2019). Starting in September 2023, there will be annual terminal inflation of 2.5% in perpetuity.
Long
by fidubit
3
Will SWIPE - SXP hit ATH again?The SXP/USDT pair has raise from a dip after a turbulent 2020 yearend because of a lot of rumours. The rumours where, that the SXP price was manipulated. A lot of investors where disappointed and sold their SXP. We can see now a clear reversal. We went back above the .236 fib. It found support on that .236 fib and is continue climbing higher. At the moment of writing XRP becomes a bit overbought. I still think it can go higher because of an announcement that will be made on 9 February 2021. My targets for the long run: ° 1.608 (.236 fib) DONE ° 2.255 (.382 fib) ° 2.777 (.5 fib) ° 3.300 (.618) ° 4.044 (.786) ° 4.992 (1) Don't forget to get profit or set alerts when we hit the next fib levels. You can always buy it back when it tracing back. It will not go in one straight line to its previous ATH (All Time High) Also keep a close eye on BTC. If BTC starts to pump it is better to move some of your profits in BTC. Your end goal should always be to increase your BTC amount. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
Long
by seoco
3
AFRM Affirm to put on your radarOne segment of the fintech market is particularly interesting right now: Buy now, pay later (BNPL) firms represent a new era of retail and recent IPO Affirm stands out in that category. Essentially, BNPL companies are the next generation of payment installment solutions. Current Affirm partners include Shopify (NYSE:SHOP), Peloton (NASDAQ:PTON) and Walmart (NYSE:WMT). According to CEO Max Levchin, a former PayPal executive, demand for its solutions quadrupled in the first months of the pandemic. (investorplace.com) If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:AFRMLong
by TopgOptions
9
TKOI Telkonet upside potentialTKOI Telkonet is a penny stock with a Market Cap of 7.648M. Telkonet, a leading intelligent automation and energy management technology developer offering solutions for commercial markets including Hospitality, Education, Military, Government, MDU, and Assisted Living, has expanded its integration capabilities with the introduction of the cutting edge smart thermostat, the Touch Combo. The Touch Combo features three leading communication protocols used in IoT devices in one thermostat: Wi-Fi, Zigbee, and BLE. The Touch Combo can utilize a property's existing infrastructure. For the nine months ended September 30, 2020, the gross profit percentage increased 6% to 44%, compared to the prior year period. Total Revenue: Increased 2% to $2.24 million and decreased 38% to $5.33 million, respectively, when compared to respective prior year periods. (accesswire.com) The indicators are still looking bullish on most timeframes.
OTC:TKOILong
by TopgOptions
3
GOLD VS BITCOIN : ideas for investmentAs bitcoin’s price has soared to new all-time highs and a parade of big-name investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller have talked up its prospects as a provably scarce store-of-value, a war of words has sprung up between gold bugs and bitcoin fans. GOLD VS BITCOIN It’s durable. Gold can’t be destroyed. It’s fungible. In its pure state, bullion holds the same value regardless of which bar you have in your hand, enabling its acceptance as both a medium of exchange and store-of-value. It’s divisible. After smelting, gold can be broken down into coins and ingots of any size. It’s portable. Within limits, you can transport gold from one place to another. What about Russia? Well, like China, one of the reasons it is thought to be keen on creating a digital currency is to have a mechanism by which it can reduce its dependence on the dollar – in its case, to achieve the explicitly expressed goal of avoiding U.S. sanctions. A hefty gold reserve might also help it do that. The bigger question is whether these countries will eventually be better off accumulating bitcoin, rather than gold, as the backstop to their currencies.
TVC:GOLDLong
by CeoCodes
8
Butterfly Network to merge with SPAC Longview The combined company will list on the New York Stock Exchange under the ticker "BFLY." It will have about $584 million in cash to develop its digital imaging technology. Butterfly's early investors include Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly's aim is to make superior medical imaging at more affordable prices. The deal is expected to close in the first quarter of 2021. (marketwatch) If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
LLong
by TopgOptions
TANH retracement. Buying opportunity?!Tantech has agreed to sell to the institutional investors a total of 6,060,608 common shares (the "Purchased Shares") priced at $1.65 per share, with registered warrants for 2,754,820 common shares. (yahoo finance) the Market Cap is low now 37.555M. The company operates in three segments: Consumer Products, Trading, and Electric Vehicle. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:TANHLong
by TopgOptions
FAST Fastenal special one-time dividend of 40 cents a shareFastenal Co. FAST, said its board has declared a special one-time dividend of 40 cents a share. The maker of fasteners and tools for industrial use said the dividend will be payable Dec. 22 to shareholders of record as of Dec. 2. (marketwatch) The indicators are bullish on many timeframes. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:FASTLong
by TopgOptions