🔥 SNX Potential Bull Flag Break OutSNX saw some incredible gains during January and February earlier this year. However, since it touched $28, SNX has seen a steady decline in value, hitting -55% from ATH at some point.
Since hitting that -55% from ATH, SNX has seen a strong increase in value. Recent price action is strong enough to potentially produce a bull flag break out in the short term.
Be aware of the current unpredictability of BTC. If BTC falls, so will SNX. I advise you to wait for a proper confirmation of the break out before entering a trade.
Happy trading!
SNX
SNX/BTC Get it when their not talking about it.The Little Old lady is a conservative investor and trader.
Always looking for cheap prices in crypto, she starts buying at the 0.618 Fibonacci level, 0.786, and at the 0.886 level. She never invests more than 5% in any one coin, expecting to lose the investment. Positions of 0.3% or a few dollars are not uncommon.
The old lady also looks for an asset that has flattened out and is on the floor preferably without a new bottom in the price after the first bottom. This is preferable, but not mandatory. She looks for coins that have bottomed and are forming a large W pattern on the chart.
We also look for lots of volume coming into an asset. And we see the OBV is in quite a significant uptrend.
She calls her "broker" and places an order for an amount @ Ƀ 0.00003075 at the 0.618 or the 0.786 Fib level she only buys when the market comes to her, she never chasing the market. When she gets her limit order filled she placed her sell orders and forgets, every time the coin doubles, half her holdings will sell. The first double will be at At Ƀ 0.00006150 if she bought at the market price because we are technically still in the trade location/reload zone. If SNX/BTC then retraced all the way back to the 618 after its double. She can rebuy at the 0.618 retracement half of what she sold if her position in this coin is still less than 5%. She then sets her new sell orders on doubles.
If the candle goes higher she has to keep adjusting the fib tool higher as new highs are made and buy-in at the relevant levels when it retraces to the reload zone. Her investment in a coin can never be more than 5% of her overall position. Or she can look for another coin with a great market structure that has not taken of yet and in the reload zone and invest there and set new doubles.
These are my ideas only.
To The MOON💯Enjoy while trade, folks🔥
Crypto world is not sleeping.
One more Flag formation on SNX/BUSD crypto pair.
Previously price had really strong bullish sentiment.
After entering into consolidation price bounced from support and resistance zones multiple times.
Huge impulse is expected after breaking key resistance zone.
However do not rush the trade and look for clear breakout.
So follow the chart and wait for the best price to enter.
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$SNXUSDT - Elliott wave analysisHello everyone!
It seems that Synthetix found a strong lasting support at $13, which should act as a booster of the SNX.
Synthetix according to the EW has completed the 4th wave, as usually 4th wave is 0.618 of the 3rd wave.
Although I highly recommend you to go long upon the breakout of the dynamic resistance.
Expect volatility today, remember the BTC futures settlement.
SNX following ADA's 2017 pamp : cycle behind ; final target 250%SNX following ADA's 2017 pamp : cycle behind ; final target 250%
this was me trying to figure out if i should bag this one or ren/sushi/aave...
maybe you have a bag already.
this thing did some crazy multiples already. congrats if you got this one near the bottom.
Best chance to BUY before SNX takes off! SNX had already broken out from its bear trend before the "crypto crash". IMO the crash is nothing unusual compared to what we've seen before. Corrections are important so that we can continue our pumps. RSI looks good for SNX although we might need some time for it to bring back the bulls. BUY at any level lower than the 'Buy zone' that I have marked and take your profits around where I have marked. I would take 25% - 50% profits and leave the rest to run. That way you won't miss out on any more gains if the bear run continues. If you are buying SNX for the long term, I wouldn't take any profits until Q4.
Just an idea ;)