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Synthetix

SNX price has growth prospects for at least x2-x3. Where to buy?Last week, buyers of SNX were very active and managed to organize a +70% increase. This is a good result, but they still failed to break through the trend line that has been stretching since the beginning of 2021 and consolidating price above it. (If you narrow the chart, you will see the entire trading history of SNXUSDT) And although it was not possible to break above the trend line, this maneuver indicates that we need to monitor SNX more carefully. If you asked us where it is safe to buy SNX in your medium or long-term investment portfolio, we would answer: if the SNXUSDT price does not fall below $2.20 in the coming days/weeks, it is a strong long. Or wait for SNX buyers to break through the upward trend line and gain a foothold above $3.15 The choice is yours) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
SNXUSD Steady bullish breakoutSNXUSD crossed over the Bear market's Falling Resistance for the 2nd time this month on a clear long term bullish signal. It is already 3 weeks after the Golden Cross (1d) formation. Trading Plan: 1. Buy on the current market price. Targets: 1. All Fibinacci retracement levels on by one up to 9.000 (Fibonacci 0.618, the Golden ratio). Tips: 1. The MACD (1d) is on a Rising Support. Indicating a tend shift to long term bullish. Please like, follow and comment!!
BINANCE:SNXUSDLong
by TradingBrokersView
1
Upward Trend Despite Recent VolatilitySynthetix Network Token (SNX) is a digital asset currently trading at $2,850 per token. Looking at the daily timeframe, the Relative Strength Index (RSI) is now at 54.5, indicating that the asset is not overbought or oversold. The volume oscillator is at 5.67%, which suggests that there has been moderate trading activity in the asset. When considering the Fibonacci levels, the 0 Fibonacci level is at 2.219, the 0.5 Fibonacci level is at 2.660, and the 1 Fibonacci level is at 3.100. These levels indicate possible support and resistance levels for the asset. The daily timeframe upper Bollinger band is at 3.239, the middle Bollinger band is at 2.720, and the lower Bollinger band is at 2.200. These bands provide additional information on the asset's volatility and potential trading ranges. Looking at the Moving Average Convergence Divergence (MACD), the value is 0.008, indicating a bullish signal. The Stochastic Oscillators are at 62.11, suggesting that the asset is trending upward. The price of SNX has fallen by 10.80% in the past seven days. However, there has been a recent increase in price by 32.82% in the last 24 hours, and in the past hour alone, the price has grown by 2.00%. Notably, the current $2.86 per SNX is 90.07% below the all-time high of $28.77. Based on the given information, SNX is in an upward trend. However, it is important to remember the possible resistance levels provided by the Fibonacci levels and Bollinger bands. Additionally, the asset's recent history of volatility and drastic price changes should be considered when considering investments in SNX.
by MonoCoinSignal
4
✳️ Synthetix Bullish Continuation = Bullish Confirmation (80%+)Synthetix (SNXBTC) today confirms its bullish bias by producing a strong breakout above EMA300 and MA200. Bullish continuation = bullish confirmation. 😉 It is now confirmed, once more, that the bulls own this market. You can expect much more growth. You can read the 'Related Ideas' below for the previous charts and also to find AGIXBTC which can help you determine how far up SNXBTC will go. To know how far up the USDT pairs will go, check FETUSDT. I hope that helps. Namaste.
Long
by AlanSantana
1
SNXUSD About to test the mid-2021 Resistance!It was just 2 months ago when we called for a short-term bullish move on Synthetix (SNXUSD) and projected a major break-out in January 2023: The projection was modelled out of the Lower High legs of the Bear Cycle since May 18 2021. All three fractals pointed to a break of the May 2021 Lower Highs trend-line by the end of January 2023, with the one that has come the closest in candle action being the black. As you see not only did it hold the Support Zone but at the same time matched perfectly the January rebound that followed. Ideally we would like to see a weekly candle closing above the 1W MA50 (red trend-line) for the first time since September 2021, but the Lower Highs trend-line would be a significant break-out on its own. The Fibonacci retracement levels can provide a fair target framework SNX marches its way into the new Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SNXUSD
by TradingShot
3
✳️ Synthetix vs Bitcoin Also Looks Good For Easy 100%SNXBTC has the same chart as everything else in this market... Follow me! A long-term higher low, Dec. vs June 2022. Strong RSI near support. Trading above EMA10. After the big altcoins grow, it is time for the small ones to follow. We were expecting for everything to grow and these charts are pointing to just that. Expect the BTC pairs to move ahead. Not only this one, I saw many, many others with similar charts. The growth can happen fast. Big strong candles... Be prepared. Set your sell order on target before the action starts. Do not wait to sell manually, build a plan and deploy it. Namaste.
Long
by AlanSantana
#Synthetix Expanding with Rising Volumes, Resistance at $2.05Past Performance of Synthetix Synthetix is up 46 percent from the December low and relatively stable, checking the performance in the daily chart. As asset prices soar, SNX is stagnant, trading below the $2.05 resistance level. Even so, the leg up in the past few days places buyers at a pole position for a breakout toward new Q1 2023 highs. #Synthetix Technical Analysis Traders are upbeat, expecting more. In the daily chart, SNX traders may look for more gains in the days ahead. Notice that losses of December 16 have been reversed at the back of increasing trading volumes. This is a net positive from an effort versus result perspective, a refreshing development after losses in 2022. Given that SNX bars align along the upper BB and the coin above December 16 highs, every low provides an opportunity for optimistic traders to load the dips, targeting $2.05. Unexpected contractions pushing SNX below $1.50 and the middle BB nullify this bullish outlook. What to Expect from #SNX? SNX prices are stable, but volatility is low. The upside momentum is strong, with signs that Synthetix could break above $2.05 in continuation of gains traced to late December. As it is, SNX is firm as long as prices are above the middle BB and $1.50. Resistance level to watch out for: $2.05 Support level to watch out for: $1.50 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Synthetix is down 60% from H2 Highs, SNX Support at $1.76Past Performance of Synthetix Synthetix remains under significant selling pressure. As an illustration, the token is down roughly 60 percent from H2 2022 peaks. Overall, SNX bulls have been struggling to add to their longs following the break above the bear flag in late November. Presently, clear support levels lie at $1.56 and $1.76, respectively. #Synthetix Technical Analysis SNX bears are in command from a top-down preview. In the short term, however, bulls appear to be in control inside a bull flag shaped by the November 30 bar. Though prices broke higher in a bullish continuation formation, there was no follow-through as SNX remains in range. The immediate resistance is at $2.05, marking November highs. Ideally, traders can buy the dip at spot rates if prices are above $1.76. Alternatively, conservative traders can buy once there is a breakout above $2.05 with equal trading volumes as those of November 30. In that case, SNX may float to $2.16 on November 9 and even $2.80 marking November highs. What to Expect from #SNX? SNX remains under pressure and in consolidation. Though the broader crypto market is bottoming up, there must be assurance in the SNX price action before traders commit. For now, prices are inside a bull flag set in motion by November 30 bullish engulfing bar, placing buyers in control in the short term. Resistance level to watch out for: $2.05 Support level to watch out for: $1.76 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Synthetix Network Token | Easy 111%+ PotentialHere is a pair before the bullish breakout... Synthetix Network Token (SNXUSDT). For this pair, we have a higher low compared to June but still trading below EMA50. Since we've seen how the other altcoins are moving, we know that SNXUSDT will follow, or at least we can make this inferrence from the chart signals. Or we can say this is a setup with low risk (tight stop-loss) and a high potential for reward. Synthetix Network Token can easily grow over 100% on its next bullish wave. There can always be more of course, I am being conservative. Thank you for reading. Namaste.
Long
by AlanSantana
2
SNX long term outlook This is a long term chart of SNX with a breakout around 1/17-1/30 2023 coinciding with the macro structure of the chart. Looks as though the bearish pattern has played out but there could another sell off as the head and shoulders is debatable on where you measure either it is -80% down or 87% which would be another large sell off in December. Since the Dxy has recently sold off one would think that the crypto market players would notice but it seems that was not the case. This leads me to believe that once the Dxy bounces of this range there will be another sell off only for crypto to rally once that is done i.e the first two weeks of January. Time will tell. This range is about DCA’ing in at lows during sell offs and stacking positions. However the longer term outlook still remains and doesn’t change in my opinion.
COINBASE:SNXUSDLong
by Tony-Stake
2
#Synthetix Buyers Upbeat but SNX Inside a Bear FlagPast Performance of Synthetix Synthetix is inches away from November and 2022 lows. SNX remains under pressure, looking at the performance in the daily chart. Presently, the token is trending inside a bear flag and within the November 8 and 9 bear candlestick. For the uptrend to take shape and SNX bulls to be relieved there must be a close above $1.85 and the flag with decent trading volumes. #Synthetix Technical Analysis SNX prices have support at $1.57, the base of the current bear flag, flashing with November 2022 lows. Unless there is a decisive follow-through, sellers have the upper hand, pushing SNX prices above $1.82 towards November 9 highs at $2.15, the immediate resistance level. A skeptical formation is the absence of participation, thrusting prices to spot rates with higher highs relative to the lower BB. Accordingly, aggressive traders can look to short and swing. Meanwhile, conservative, risk-on traders can wait for clear breakouts before riding the emerging trend. Losses below $1.57 may see SNX dump to $1.42. What to Expect from #SNX? Bulls are buoyant, but SNX remains within a bear formation. The short-term trajectory depends on whether bears will flow back, forcing the token below the triangle; or bulls flowing back, thrusting SNX above the bear flag back to November 9 highs. Resistance level to watch out for: $1.82 Support level to watch out for: $1.57 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer