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SNX

SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
Long
by altFINS
SNX mid-term analysisSNX is trading below a bearish trend line. The big SNX structure is completely bearish. It is expected to reach the demand range in the medium term and then move upwards. We are looking for buy/long positions in the demand range. Closing a weekly candle below the demand range will violate the analysis. Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
CRYPTO:SNXUSD
by iMoneyTeam
2
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25). Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
Long
by altFINS
SNXUSDT At a Crucial Point: A Major Breakout or Breakdown Ahead?Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching: 💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move. 💎#Synthetix is testing the critical support zone of $1.72-$1.94, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast. 💎There is a Major Support Zone at $1.72-$1.94. A bounce from this level could be the start of an upward rally. Watch for strong buying interest here. 💎If the liquidity at the major support zone isn't enough, we might see a move down to $1.39. A strong buying response at this level could still spark a bullish run for $SNX. 💎However, if both the major and lower support levels fail, #SNXUSDT might face increased bearish pressure, possibly leading to further declines. Remember, disciplined trading and patience are your best allies. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
SNX Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: The chart shows a historical trend with significant volatility, indicating potential for substantial movement in both directions. Currently, SNX is trading near its crucial support level at $1.50. A close below this support will likely pull the price toward the lower support at $0.731. The chart is likely to get invalidated for the bullish outlook if breached. The projected upside target of $28.935 suggests a massive potential gain if the price action reverses and gains momentum. An 18x gain isn't gonna be an easy task for $SNX. Key levels: - Crucial Support: $1.50. - Lower Support: $0.731. - Target: $28.93. - Invalidation Point: A close below the lower support. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
SNX/USDT BREAKOUT DONE! LOOKS READY FOR A PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. SNX/USDT looks good here. Breaks out from the falling wedge-like structure in a 4-hour time frame and currently retesting it. Long some here and add more in the green box. Entry range:- At CMP and add more up to $1.84 Targets:- $2.08/$2.24/$2.38/$2.53/$2.74 SL:- If a 4-hour candle closes below $1.84 or if you don't pay attention then put your SL at $1.70 Lev:- Use low leverage(Max 5x) What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
SNX buy setupSNX seems to be getting ready to move to the supply side. A bullish CH and hitting higher bottoms is a bullish sign that we have on the chart. The target is supply Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
#SNX/USDT #SNX We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $2.50 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.60 First goal 3.26 The second goal is 3.60 The third goal is 4.20
Long
by CryptoAnalystSignal
$SNX typical market cycle (psychology)Pretty clean chart for $SNX. - years of wyckoff accumulation - higher lows - riding weekly MAs in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming months. I recommend more of a position trader mindset. invalidation under 3 bucks (if it decides to turn back over). doesn't hurt to give this one a chance. will you take it?
COINBASE:SNXUSDLong
by Barrenbull
1
Synthetix (SNX) Primed for Bullish Surge After Decisive BreakoutFollowing a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX. The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80. Key Levels to Watch: Resistance 1: $7.40 Resistance 2: $13.80 Support: $3.00
Long
by Z4F4R
🚀 SNX: A Crypto Marvel Unveils Its Potential! 🌐💎Greetings Crypto Enthusiasts! 👋 SNX, a true gem in the crypto cosmos, shines brightly with a market cap of 958M. 📊 SNX Essentials: Market Cap: 958M Circulation Supply: 304,391,280 SNX Total Supply: 328,193,104 SNX TVL : 647M ⚖️ Chart Analysis: Accumulation Unfolding: Witness the grand accumulation depicted by the dark green rectangle and a smaller, already conquered one (light green rectangle). A potential retest might linger until the yellow trend line. Brace for the skyward journey upon the breakout from the larger accumulation. ⚡️ Trading Strategy: Timing is Everything: Recognize the market's correction mood. This is a weekly chart, demanding a patient stance – could be a day, could be months. Strategic Alerts: Set alarms at 2.61 - 2.00 - 1.45. Distribute your SNX funds into thirds, ready for action at these levels. 📈 Optimistic Outlook: While the current level may signal a reversal, patience is key. Hold off on buying here. Anticipate reaching the upper red level, with a realistic mindset. Golden Rules: DCA Always: A timeless strategy in crypto. DYOR (Do Your Own Research): Knowledge is paramount. No All-In: Navigate wisely; avoid going all in. 🚨 Disclaimer: This isn't financial advice but a friendly guide for strategic crypto exploration. Wishing you the best on your SNX adventure! 🚀🌟💰
by KarimMohsen