SNX ready for long bull run!Again the regular. We will prob see SNX go up in a few weeks meet all indicators, RSI, resistant, Graph, etc. Potential for Ath longing this position.
SNXUSDT
SNX/USDT possible bounce with 1:5 risk rewardSNX has entered its bearish trend breaking some important support zones.
At the moment I expect it to bounce up to $9 and complete 'M' pattern.
A good trade could be taken on trend line breakout.
We see how price will react to first resistance at around $7.2.
Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.
The worst that could happen - going for new ATLs (all time low).
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
SNX-USDT trade setupRSI shows bullish divergence and the price is at very strong support.
A good R:R trade with tight SL. Worth to take this trade here.
SNX/USDTMention the Elliott wave principle
Traders like to trade on the 3rd wave, I think we're on wave 2 and it's coming to an end.
The base is at the red line, should not be below this line.
SNXLooks like the bottom is not very far.
Looking for a strong breakout of the descending diagonal resistance to enter a long position.
If it doesn't happen, we will re-evaluate as nothing might happen in the next weeks/month if there is not enough volume.
snxusdt Want to use your long-term gold bags in yield farming strategies? Synthetic assets may be the way to go.
Strong fundamentals of this gem.
Already working as an alone big company as an asset protocol
I will hold it for the long term.
SNX above long term support#SNX/USDT
$SNX is trading inside long term support zone, hold above this support can increase price to break out from descending resistance, and head up toward resistance zone. in long term price can reach $35 and even $43.
break down from current support will drop price to $2.9 and much more lower.
SNX Synthetix: HUGE Head & ShouldersHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix ( SNXUSD ), an altcoin cryptocurrency.
#CryptoPickk notes the following:
1) Synthetix price has been falling since February 2021 when it met the all time high.
2) The price is around a crucial Fibonacci Retracement level of 0.786 at around $6.85-$7.00.
3) Along with the price dropping, it has formed a Head and Shoulders Pattern as shown in the chart. This is a bearish pattern. The biggest concern is the Head and Shoulders Pattern can be seen in multiple timeframes and the price has shown no level of reversal.
4) If the price breaks down and does not recover, there may be a sizable drop.
5) Though the charts show one thing, anything is possible as the Decentralized Finance space in cryptocurrencies is very strong.
6) Be cautious until there is a clear sign of where the price action will go.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
SNX could easily do +200% making double TOPA good bullish scenario for SNX is to reach its ATH and then complete 'W' pattern with a 0.5 or even 0.618 fib correction.
Good risk / reward opportunity.
Confirmation - a trendline breakout
SNXUSDT-LONGThere is a long position in SNXUSDT SNX
SNXUSDT SNX
🔵Long Now or set on Key Level 7.150
🟢Target 1 7.530
🟢Target 2 7.900
❌Stop loss 6.900
#K_Level
SNX/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX/USDT is making bullish falling wedge pattern Broke out the support level and retesting it and RSI is making some bullish divergence moves.
Entry: ACCUMULATE BETWEEN $7.73 TO $7.57
Targets:
$ 8.38
$ 9
$ 9.7
$ 10.8
Stop Loss: BROKE OUT AND CLOSE DOWN SIDE THE IMPORTANT SUPPORT LINE
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
SNX/USDT 4HOUR UPDATEWelcome to this quick SNX/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-SNX/USDT price is moving in a falling wedge pattern and It needs to breakout the current support and trend reversal for a clear uptrend.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $7.38
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
SNX FALLING WEDGE DAILYSNXUSDT ( Daily Chart ) - Technical Analysis
Entry : 7.2 - 7.7
TP 1: 8.40
TP 2: 9.60
TP 3: 10.90
TP 4: 13.00
TP 5: 15.00
Stoploss : 6.1
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
If you want me to share these trades here, hit the like button and share your views in the comment section.
#snx buy setupSNX/USDT
Time to buy : 7.82
TARGETS 1: 8.20
TARGETS 2: 8.57
TARGETS 3: 8.87
Profitability ratio :3x
#SNX long easy food from ASHsnx looking good now
all time trend line hit
buy 7.60 to 7.90
sell
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like and follow for more free food from ash wonderland
Synthetix: another 10x bagger digital asset (long-term view)Synthetix appears to have bottomed when looking at the long-term view and has now began its 5th cycle wave that could propel its price as high as $200. However in the short-term it's slightly bearish before resuming it's uptrend.
SNX Synthetix 1D - Big Move Up ComingHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix (SNXUSD), a cryptocurrency altcoin.
In the chart I noted:
1) Synthetix price has respected the bottom trendline since October 2020 and most recently touched the trendline and bounced off of it. It is still hovering around this area.
2) Around the end of November 2020, the price began it's parabolic move of about 600%. That move ultimately brought the price back to the bottom trendline after 234 days. Assuming from that day to 234 days into the future (Feb 2022), we could see the price once again touch the top trendline which it has not touched recently as the price has been consolidating since May 2021.
3) Assuming we begin the move upwards, that would be a 130-135% gain in Synthetix price. This wouldn't be an immediate move up as we have Support and Resistance areas to overcome.
4) Also the RSI (relative strength index) is about to potentially form a double bottom, which could drive the prices higher as shown historically.
5) If the price touches the top of the trendline and has a breakout of the long term triangle pattern, we could see a significant price upside.
6) The Volume over the past few weeks has been less, which is usually not the case. This may be a signal that a move is coming.
7) If the price breaks below the bottom trendline and stays below it for more than a few days, this idea may be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Rise of DeFi is near Let me be clear on one thing, we are in the Bull market and Altseason is happening. It is only a matter of time which one pops first.
As you can see some of the big names in DeFi are consolidating for a long time.
I believe all these four will need to complete another fill Fib Retracement as It has the potential, Volume, and Liquidity.
If we look at their rise on summer DeFI we can guess it might happen just before BTC reach its all-time high. Guessing the ATH of BTC is another subject but I see a huge opportunity in Giant projects in DeFi that have been quite for some time.
Synthetix can still Show Growth in the Third WaveGreetings to you! On July 6, I predicted the beginning of the third wave, the idea of which is still relevant to this day.
The expected superfast growth did not occur and even dragged on, which may indicate the incompleteness of wave (2). However, I stick to counting waves, where wave (3) forms itself in pieces.
Wave 1 of (3) is the leading diagonal, and wave 2 of (3) is either already completed or on the verge of completion.
The price crossing the key level will confirm the presence of a bull market.
SNXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is stuck in a range and fluctuating. If the price drops and stabilizes from each sides, it can move in the same direction.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
SNX-USDT trade planIt's in a good area in weekly TF, however, we don't have enough reason to enter into this trade.
Still, it would be a good trade if you're not looking for a perfect entry.
