SNX: Buying Opportunity at $2.40, Potential for Price to Double$2.40 to $2.50 is a good entry point for traders and investors, with a predicted price target of $4.60, representing a significant upside of nearly 92%.
SNXUSDT
SNX/USDTSNX/USDT
SNX has broken its downtrend and seems to have completed the pullback. If it crosses the $2.567 resistance, The price will increase
SNXUSD 1WSNX ~ 1W
#SNX Return to the accumulation zone. It is very interesting to start buying again in this Support zone. long term target of at least 25%+
seems like snx getting ready for another higher high snx corrected with whole crypto market over all in uptrend and seems like correction has already completed and now forming falling wedge chart pattern
incase of successful breakout expecting trend continuation expecting new higher high expecting move towards 5$ incase of successful breakout
DCA on SNXI just took a position on SNX, great potential. I will accumulate in the DCA zone if the correction is stronger, no worries.
Potentially a cup and handle formation taking shape, to be confirmed.
Real World Assets (RWA) : The Future of Finance or Hype !?The cryptocurrency market has evolved significantly over the past decade, moving beyond its initial focus on digital currencies to encompass a broader range of assets, including real-world assets (RWAs). RWAs represent tangible assets such as real estate, commodities, and financial instruments that are tokenized and traded on the blockchain. The integration of RWAs into the crypto ecosystem offers a multitude of benefits, including:
Enhanced Access to Financial Markets: RWAs democratize access to traditional financial markets, enabling individuals and institutions to participate in asset classes that were previously inaccessible or illiquid.
Increased Transparency and Efficiency: Blockchain technology provides a transparent and immutable record of asset ownership and transactions, reducing counterparty risk and improving operational efficiency.
Fractional Ownership and Reduced Investment Barriers: Tokenization of RWAs allows for fractional ownership, lowering investment barriers and enabling broader participation in asset classes that were traditionally reserved for high-net-worth individuals.
Diversification and Risk Mitigation: RWAs introduce diversification opportunities into crypto portfolios, potentially reducing overall portfolio risk and enhancing risk-adjusted returns.
Top 5 RWA Coins with Promising Potential:
LINK: Chainlink (LINK) is a decentralized oracle network that connects blockchains to real-world data and services. It plays a crucial role in bridging the gap between the crypto and traditional worlds, enabling the development of RWA-based applications.
Technical Analysis: LINK's weekly chart exhibits a massive range consolidation pattern, suggesting a period of accumulation. A recent liquidity sweep below the range followed by a surge in price indicates a potential breakout. The current price action near the $12 support level could trigger another upward move.
PENDLE: Pendle (PENDLE) is a decentralized finance (DeFi) protocol that enables users to create customized fixed-rate or yield-bearing tokens for any asset. It facilitates the creation of RWA-based derivatives, expanding the range of investment options available in the crypto space.
Technical Analysis: PENDLE's daily chart showcases an ascending channel pattern with a recent breakout and retest of the upper trendline. This bullish pattern, combined with the coin's relatively new status in the market, suggests strong upside potential. A price target of $12 appears achievable.
MKR: Maker (MKR) is the governance token of the MakerDAO decentralized stablecoin platform. It plays a central role in maintaining the stability of the DAI stablecoin, which is often used as a collateral for RWA-backed loans.
Technical Analysis: MKR's daily chart displays a liquidity sweep below the 1800-1900 support range followed by a surge to $3400. The recent pullback and retest of the 0.5 daily imbalance level at $2500 presents an opportunity for a potential rally to $5000, aiming to fill the imbalance gap.
SNX: Synthetix (SNX) is a DeFi protocol that enables the creation of synthetic assets, including those pegged to RWAs. It offers a decentralized alternative to traditional asset trading, expanding access to a wider range of assets.
Technical Analysis: SNX's weekly chart exhibits a large triangle pattern, indicating a period of price consolidation and building tension. The recent breakout and retest of the trendline signal a bullish trend. A price target of $7 appears feasible if the trendline support holds.
ONDO: Ondo Finance (ONDO) is a DeFi protocol that focuses on structured products and options trading. It utilizes real-world market data to create innovative financial instruments, enabling users to hedge against risks and speculate on market movements.
Technical Analysis: ONDO's daily chart displays an ascending trend with consistent retests and positive momentum. The coin's ability to efficiently utilize liquidity is evident in its price action. Continued accumulation of liquidity could propel ONDO to new highs.
Conclusion:
Real-world assets (RWAs) are poised to revolutionize the cryptocurrency market, introducing new investment opportunities, enhancing financial inclusion, and bridging the gap between traditional and decentralized finance. The top 5 RWA coins discussed in this article – LINK, PENDLE, MKR, SNX, and ONDO – represent promising projects with the potential to shape the future of RWAs in the crypto ecosystem. As the adoption of RWAs continues to grow, these coins are well-positioned to capture significant value in the evolving financial landscape.
SNX ANALYSIS🔮 #SNX Analysis - Breakout Trading
🌟🚀 #SNX was trading in a Bearish Pennant Pattern in weekly time frame and breakout the pattern. But due to Middle East tautness the price dropped heavily. Now we get another chance for entry, Middle East tensions cause more correction than our expectations and right now testing solid support☑️
Expecting Higher High Soon still Expecting 3-4x Bullish Wave In coming days 💲💲
🔖 Current Price: $2.941
⏳ Target Price: $6.459
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits💸
#SNX #Cryptocurrency #Breakout #DYOR
#SNX#SNX
The price is moving in an upward trend on a 4-hour frame, and the price is about to bounce back higher
We have a Resin support area at $4.34
We have a downtrend on the RSI indicator that is about to touch it again
We have a higher stability moving average of 100
Entry price 4.34
The first target is 4.65
Second goal 4.91
Third goal 5.17
SNXUSD 1WSNX ~ 1W 📈
#SNX Successfully exit the Accumulation zone, Make purchases gradually from here with a minimum target of 20%+
$SNX typical market cycle (psychology)Pretty clean chart for $SNX.
- years of wyckoff accumulation
- higher lows
- riding weekly MAs
in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming months. I recommend more of a position trader mindset.
invalidation under 3 bucks (if it decides to turn back over).
doesn't hurt to give this one a chance.
will you take it?
Synthetix (SNX) Primed for Bullish Surge After Decisive BreakoutFollowing a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX.
The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80.
Key Levels to Watch:
Resistance 1: $7.40
Resistance 2: $13.80
Support: $3.00
🚀 SNX: A Crypto Marvel Unveils Its Potential! 🌐💎Greetings Crypto Enthusiasts! 👋
SNX, a true gem in the crypto cosmos, shines brightly with a market cap of 958M.
📊 SNX Essentials:
Market Cap: 958M
Circulation Supply: 304,391,280 SNX
Total Supply: 328,193,104 SNX
TVL : 647M
⚖️ Chart Analysis:
Accumulation Unfolding: Witness the grand accumulation depicted by the dark green rectangle and a smaller, already conquered one (light green rectangle). A potential retest might linger until the yellow trend line. Brace for the skyward journey upon the breakout from the larger accumulation.
⚡️ Trading Strategy:
Timing is Everything: Recognize the market's correction mood. This is a weekly chart, demanding a patient stance – could be a day, could be months.
Strategic Alerts: Set alarms at 2.61 - 2.00 - 1.45. Distribute your SNX funds into thirds, ready for action at these levels.
📈 Optimistic Outlook:
While the current level may signal a reversal, patience is key. Hold off on buying here. Anticipate reaching the upper red level, with a realistic mindset.
Golden Rules:
DCA Always: A timeless strategy in crypto.
DYOR (Do Your Own Research): Knowledge is paramount.
No All-In: Navigate wisely; avoid going all in.
🚨 Disclaimer:
This isn't financial advice but a friendly guide for strategic crypto exploration.
Wishing you the best on your SNX adventure! 🚀🌟💰
SNX/USDT upward momentum? 👀 Synthetix Today Analysis💎Paradisers, zoom in on #SNXUSDT, as it's showing clear signs of an impending major move from a critical demand level.
💎#Synthetix is currently on an upward swing, hinting at a bullish continuation. It's been tracking a descending channel pattern, consistently respecting the channel's resistance. We're anticipating a retest at the demand level of $3.091, which could set the stage for a continued upward momentum. A successful hold above this level for #SNX might open the path to a significant resistance zone at $4.769.
💎 However, should #SNX encounter obstacles in maintaining its position above the $3.091 threshold, a strategic recalibration may be required. In such a scenario, we would consider shifting our focus to a bullish ascent from a secondary demand level at $2.709.
💎 Monitoring this level is essential, as failing to sustain it could indicate a shift towards a more bearish trend in the #SNX market.
SNX/USDT in a Position for Exponential Rally? 👀🚀SNX Analysis💎Paradisers, gear up for a thrilling ride with #SNXUSDT! It's currently spotlighting a support zone, suggesting a bright bullish trajectory lies ahead.
💎Lately, tracing an ascending channel, #Synthetix is on a climb. Now, it's amassing momentum for a bullish leap from the $3.86 support zone, with ambitions to breach key resistance barriers.
💎If the bullish fervor persists, we foresee NYSE:SNX taking on the $4.9 resistance zone. Breaking through this barrier may set the stage for tackling even loftier resistance tiers.
💎Conversely, if #SNX meets resistance and momentum wanes, a bullish revival from the $3.05 support level could become pivotal. Dropping below this threshold might usher in a significant downturn.
SNX has formed a bullish flagSNX has formed a bullish flag
🔵Entry Zone 4.476 - 4.605
🔴SL 4.233
🟢TP1 5.158
🟢TP2 6.078
🟢TP3 8.018
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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#SNX/USDT SPOT LONG ENTRY#SNX/USDT SPOT LONG ENTRY
Leverage: 3x
Entries: $4.425
Take profit 1: $7.292
Take profit 2: $15.066
Take profit 3: $50.929
Stop Loss: $2.733
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:SNXUSDT
Thanks
The sroced.
Synthetix #SNX can recover to $14 inv H&SNeckline is @ $4.43
another 70 cents or so
We obviously don't how these coins will react at these necklines
if they are met with resistance
breakout strongly only to come back down and retest the neckline
But this should give holders hope for double digit prices --- at some point
Best of Luck
Time for the OG is nearing SNX!Long term downtrend and accumulation range
Looks ready to pop
Could be volatility and still a few weeks waiting
If crypto really is the next tech bubble then SNX going to be in the future magnificent 7 for sure
Ascending triangle forming
Bump and run breakout
Right on Long term support
NFA
Good R:R
finally snx breaking out seems like preparing for some solid gains in coming weeks
symmetrical triangle breakout has already confirmed testing horizontal resistance once both got cleared can start recovery
incase of successful breakout of horizontal resistance expecting 300% bullish rally in midterm
SNX/USDT Bullish move from Key Support? 🚀 Synthetix💎 Paradisers, brace yourselves for a promising trading moment with #SNXUSDT, as it's strategically placed at a crucial support zone, signaling a potential bullish shift.
💎 Delving into #Synthetix path, it's on an upward trajectory from the significant support mark of $3.530. Holding steady at this level suggests a high chance for a bullish breakout. Keep an eye on the immediate target, the resistance at $3.713, where surpassing it could steer the price towards $4.438.
💎 Should the momentum for #SNX begin to fade, we're poised for a bullish comeback from the solid foundation at $3.364. Yet, dropping below this critical level could denote a move towards a bearish landscape.
SNX/USDT upward momentum from key support? 👀 🚀 SNX 💎 Paradisers, focus on #SNXUSDT, showcasing signs of bullish momentum from its support zone.
💎 #Synthetix recently hit a bump at $4.178, causing a minor pullback. Yet, as it approaches a former resistance now turned support at $3.875, staying strong at this level could boost its chances for a bullish push towards and potentially beyond the resistance once again.
💎 The dynamic crypto market demands strategy flexibility. Should NYSE:SNX struggle at this vital support, shifting gears might be necessary. Ready for a bounce back from the significant support at $6.327, but beware, slipping below this essential marker may signal a deeper bearish shift.
Synthetix(SNX) Can Pump 🚀➕20%🚀👋Hi, I hope you have a Great Weekend🥳.
📈Today, I want to share with you an analysis of the Synthetix(SNX) project , which can increase the price by more than 🚀➕20%🚀 in the short-term .
📚 What Is Synthetix (SNX)❗️❓
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol.
🏃♂️ Synthetix (SNX) has been moving in a Descending Channel for about 40 days and is currently moving near the 🟡 Potential Reversal Zone(PRZ) 🟡, ⚫️ Time Reversal Zone(TRZ) ⚫️, and Support line .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Synthetix (SNX) to start rising soon and go UP to at least the top of the descending channel after breaking the Resistance line and possibly breaking this channel.
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SNXUSD 👉( SPOT )
🟢Position: Long
✅Entry Point: 3.280 USD (Stop Limit Order)
⛔️Stop Loss: 2.880 USD
💰Take Profit:
🎯 3.679 USD RR==1.00
🎯 3.987 USD (Over ➕20%)
Risk-To-Reward: 1.77
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Synthetix Analyze (SNXUSD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SNX- Breakout
🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟
📈 Live Analysis Incoming!
Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com
🚀 The Breakout Chart Breakdown
Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K,
69K
, and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live!
💹 Historic Patterns: A Roadmap to $79K
Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live!
🔍 Last Year's Chart: The Trendline Triumph
Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together.
⏱️ Halving Cycles: This Time It's Different
Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles.
🌐 Join the Live Stream for the Full Picture
There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy.
Catch the full live session and secure your front-row seat to Bitcoin's exciting journey: Join the Live Stream: www.tradingview.com
One Love,
The FXPROFESSOR 💙
