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Synthetix Network Token / Bitcoin

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SNXBTC trade ideas

Synthetix BTC pair forms picture perfect Cup&Handle + Inv H&SAlready above the inverse head and shoulders neckline here and it's measured move breakout target should take price action above the rimline of the cup and handle which is one of the more perfectly rounded cups I've seen in awhile. As always it's wisest to wait until the cup and handle breakout confirms here but probability looks to be favoring it slightly considering it already seems like the inv h&s seems to be confirming. *not financial advice*
SLong
by DrDovetail
SNX/BTC Double TopNotice the double top which has formed on the chart; with a lower second top indicating buyer exhaustion. Also notice the candle stick with a long wick to the down side also indicating a potential reversal. There is the potential for this thing to drop around 40% (Its had one hell of a run!). It might over shoot on the downside past that point if the selling is violent enough. THIS IS NOT FINANCIAL ADVISE, ONLY ENTER AN INVESTMENT POSITION AT YOU OWN RISK; CRYPTO IS VOLATILE.
Short
by DuubDigital