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Snxlong

More AccumulationAfter falling from the ascending channel at the end of Feb, I thought it would climb back up into the channel on Mar09, indicated by the 2 blue arrows, but alas, like my ADA plan, this is going equally splendidly. In a sideways “accumulating” movement (translate, don’t sell at a loss), it has formed a bullish descending flag. Looking at the MacD day timeframe, it looks like a continued “accumulation” till a breakout and a positive green day MacD. My thoughts, not advice Oklah. Cheers
by wildboar8
3
SNX/USDT - Potential targets after the correctionHello, Traders! SNX corrected the downward movement from 14 February by more than 60%. Buyers were then forced to take a break. At the moment, the price is at the exit of the consolidation range of $16.39 to $21.80. The first altcoin moving upward is ETH, followed by Defi-assets. As a reminder, SNX is one of the foremost Defi projects in the cryptocurrency market. We can consider entering the position at the range of $20.70-21.80 Stop Loss shall be placed at $19.38 Targets will be: $23.16 $25.70 $28.94 Good luck and watch out for the market. P.S. This setup is intended for educational purposes only.
FTX:SNXUSDLong
by UnknownUnicorn10064030
SNX Potential Buy Opportunity 80%+ Gain NEW ATH Price Target $32SNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels. Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
KRAKEN:SNXUSDLong
by CryptocurrencyMagnet
2