SNX - Accumulate for ALTSEASON ♾Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I've been making updates on altcoins that have massive upside potential and good risk to reward rations. These ideas are all spot focused accumulation phase positions, by using the dollar cost average method.
SNX is another altcoin with great upside potential. With a modest TP point only halfway from the previous high, the profit would be 520% !
Here's another excellent low risk / high reward setup:
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SNX
SNX/USDT Elliott Wave count 1H TFExpecting a move to the downside for SNX and this is my trade setup.
Short entry below 2.200 with stop lose above invalidation line and take profit at T1 and T2.
Probably we have a zigzag patern with a leading diagonal for a wave A and a flat coorection for wave B. Now we are into wave C with wave 1 and 2 finished.
Good luck!
SNX - Accumulation 🧲 LONG Setup +500% TPHi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I've been Bullish on SNXUSDT for the longest time and I believe we are close to the market bottom - perhaps one more drop. This would be the low volume sell-off according to the Wyckoff Method for the Accumulation phase.
In this 4min video, a quick buy setup with a potential +500% target ad take profit point (TP).
Interested in my view on BTC? Check out this idea:
Have a great weekend 🥂
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ABFRL( Aditya Birla Fashion & Retail Ltd.)
ABFRL is forming a good pattern, there is a good accumulation happening at current levels.
ABFRL is Bearish Cup And Handle Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Retail Trade
Industry: Apparel/Footwear Retail
$SNX - On the Bullish EdgeHello my Fellow TraderZ,
$SNX is coming to the Edge of the FALLING WEDGE Pattern.
We can easily see the Bullish divergence spotted on 4 HTF RSI.
We need to wait for the Pattern Breakout an the crossing of the EMA55 with decent volume.
Good to trade with minimun 10% - 25% TP.
Trae well my Fam. CHEERS!!!
SNXUSDT Long-Setup +233% GAINS 🚀Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a long setup bullish idea on SNXUSDT. I have been bullish on this altcoin for months now and have already taken 30% profit, however I have my eye on the pie 🤑 and believe that +230% is a modest increase compared to the first parabolic run on SNX which went up a whopping +1100 % .
Interested in XRP ? Check out this idea on XRPUSDT :
Have a great weekend 🥂
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
SNXUSDT BULLISH, Breakout OPPORTUNITY +180%Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralized synthetic asset issuance protocol. For a few months, I have been extremely bullish on SNXUSDT. I've been mentioning it in videos on altcoins that I am watching multiple times. After the last video, the price of SNXUSDT has increased by 20%. Now I know this is not the whopping 120% or 150%, but it was a very low risk trade with extremely high upside potential. Considering that it's previously done a +1000% in 3 months during the previous parabolic bull run, a target of 180% for mid-cycle is modest.
My next target is also considering a spot trade, and it could take another few months to get there (unless the bullish market comes early. The best time to accumulate altcoins is when they are trading in-between the 0 and the 0.236 Fibonacci Retracement level, as this one currently is. The risk to reward ratio is exceptional in such cases. It is also comforting to see the period of consolidation trading/range trading and a contraction in the Bollinger Bands for nearly a month, indicating that the price is getting ready for another move.
Here's the video on the 3 Altcoins that I was watching earlier this year:
Synthetic assets / tokens are minted when token holders stake their SNX as collateral using Mintr, a decentralized application for interacting with the Synthetix contracts. If you want to know a little bit more about how this works and how to start staking and yield farming, check out this easy guide for making money with DeFi :
Interested in the Merge on Ethereum and how it may affect the price of ETHUSDT ? Check out this idea 👀
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SNX Ascending channelSNX in a rising channel - reasonable entry available now - Invalidation not far below ~10%
Triggers for entry - rising with tomorrows CPI print - if in expected range - see BTC drag alts up.
Aiming to ride the channel upwards until next FOMC
Derivatives, Synthetics, FOREX...Next Big Opportunity?For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional market).
In this comparison, I put some of the projects that I consider to have upside potential, after listening to some analysts and also from my own experience.
I also put on the chart the price of BTC and ETH for benchmark.
Projects and tokens:
Synthetix (SNX) (via Optimism or Ethereum)
GMX (GMX) (via Arbitrum or Avalanche)
Gains Network (GNS) (via Polygon)
dYdX (DYDX) (via Etherem)
Mango Markets (MNGO) (via Solana)
Perpetual Protocol (PERP) (via Optimism or Ethereum)
Deri Protocol (DERI) (via BSC or Arbitrum)
Synthetix SNX Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Synthetix SNX has a negative overall sentiment recently.
I have the following price targets:
SNX/USDT short
Entry Range: $2.90 - 3.10
Take Profit 1: $2.70
Take Profit 2: $2.26
Take Profit 3: $1.84
Stop Loss: $3.61
SNX with potential 150%?!After a 95% drop from its top, SNX formed with its fall the ABCDE waves and at the end of its E wave it still created a head and shoulder inverse shoulder with a target at $7.50.
An opportunity that can give us up to 150% profit.
This review is for study only, do your own review.
This analysis becomes invalid if BTC continues its decline.
SNXUSDT First signals for a changing trend to up appear on chartGlobally, the SNXUSDT price is still in a downward trend that has been ongoing since the beginning of 2021
However, now the SNXUSD price is trying to establish itself in the upper part of the descending channel, which gives a chance for positive thoughts about the continuation of the growth.
So, if in the coming days the SNX price is held above $2.70, then the following targets for growth can be expected:
1) local growth up to $4.20
2) medium-term growth up to $5.80
3) a global goal for the growth of the Synthetix Network token price in 2022. - $10.70
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$SNX squeezing hard and ready to burst? (LONG)SNX has been ranging for quite sometime in this range is finally squeezing very tightly in the end of the range. Based on its performance, i expect this to break the trend upwards.
im not going into too much more detail, my last idea posted explains exactly how i utilize this break out pattern to set successful entries and solid/safe TP's!
please feel free to message me directly if youd like any help understanding the fundamentals of trading and learning to create a profitable trading strategy that works for you.
SNX facing two possible scenarios.Hello, dear TradingView members.
This idea is an SNX analysis.
It looks like SNX is getting rejected by the downtrend channel after moving 5% up.
The price is now consolidating on a local support level. There are two possible scenarios considering the static resistance on the way up.
First scenario:
The price can push up and pass the dynamic resistance, which is the upper band of our downtrend channel, and then continue to move higher after a pullback and confirmation.
Second scenario:
The price can get rejected by the dynamic resistance zone and land on the support levels.
RSI is overbought, so the price has room to go down.
The Speedometer indicator shows Sell volumes on the market for SNX on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.