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SNXUSDT

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 👀 _________________ 📢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
Long
by Crypto-Check-
31
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
Short
by BuySellMarketMaker
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 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
$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.
Long
by AomoriAkuma
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.
by ShawnMCR
5
SNX - SYNTHETIX - How Might The Rest Of This Correction Unfold?So continuing on in the spirit of sharing thoughts like no one can, once again I am talking to the chart. You might think this is amusing but it is very serious business. In fact so serious that you might actually learn a thing or two about holding onto your profits during corrective waves. Although it may appear to some that we may be continuing to go lower or getting ready to move higher. At this point in time it looks like neither. It's purely corrective price action at it's finest. A potential Type-1 Weak 5-Wave Move has been identified which will likely continue to be extreme choppy. Chances are that you may have to watch the whole 20 minutes of this video to grasp what I am saying. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
1
SNX - SYNTHETIX - My Thoughts On What We Are Seeing Overall...In this video I take a step back and some small profits and go through a few waves logically. The process of elimination I use in this video is to show you the train of thought that goes into how I see the waves. Fractal patterns are extremely difficult to predict without the use of some methodology. How do I know that? Because even with the use of one it is still difficult, but not impossible! It depends on how determined you were to learn it or create it in my case. In other words I always believe that it's not the my methodology that is inaccurate but rather my interpretation of the waves whilst using it. So here I go through all the things that even other people might be looking at and slowly eliminate the potential for that outcome. This is all based on probabilities and potentialities so persistence and good risk management is key. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
CRYPTO MARKET UPDATE - Make The Best Of A Bad Situation...In this video I talk about what I believe is now happening in the Crypto markets. There is now too much evidence to support the bearish view. I am only going to use 3 cryptos as an example as to what possibilities might lie ahead. It has become increasingly difficult to try and predict how deep this will go due to the wave that comes next if this is in any accurate. I will do my best to explain these scenarios by laying down some ground work first. My future Crypto ideas will take the things mentioned in this video into consideration. When I manage to come up with a confluence of reasons then I tend to post market update. Otherwise I will wait it out whilst thinking of the alternative in case things change based on the wave counts. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
BITSTAMP:BTCUSDShort
by AriasWave
4
SNX - PRICE ACTION UPDATE - Time To Reverse Course - STOP OUT!In this video I go through the potential larger degree pattern and compare it to the similar pattern in SHIB. As I mentioned previously if we break support then the count is invalidated. I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time. I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce. When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts. Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos. I have no problem changing direction as long as the alternative count makes sense and has some context to support the view. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Short
by AriasWave
SNX - PRICE ACTION UPDATE - It Has Begun!!!It looks like we could be seeing the first signs of the third-of-a-third wave and higher prices are expected. It has taken a while to get to this point but it is better to track the waves before the fact. SHIB has already started on it's bull run and I believe other cryptos will follow closely behind. In this video I outline each wave since the June low and also touch on the latest smaller degree count. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX/USDT - 12.08.22 UpdateHello Traders! SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began. At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the support level of $2.08. If the price does not fall below this price level, it will mean that the range of $2.08-2.65 is a zone of interest for buyers. In this case, medium-term purchases on the given instrument in a range of $2.08-2.65 can be considered. The aims of profit fixation on such purchases will be price levels of 5.90 and 7.35$. Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SNXUSD
by UnknownUnicorn10064030