SNXPERP trade ideas
SNX, Organic Price ActionSNX, 4h, incredible signals coming from the double bullish engulfing candles on a rounding bottom formation with potential divergences playing out within a potential inv H&S. This piggybacks on a bearish BAT that would aim to resolve first at the neckline and later at overhead Fib Targets. Enjoy!
SNX about to have a Bullish Stochastic RSI cross!! Be ready!!SNX is about to have a Stochastic RSI Cross on the weekly! Once confirmed (Sunday 12UTC timezone), we can see SNX have an explosive month. Expect to see huge spike in SNX this Month!
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weeky!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, NU, LINK, and ALGO are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
Be fearful when others are greedy, and greedy when others are fearful! - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
SNX/USDT LONGHave good fundamentals;
broke the falling wedge ;
mid marketcap;
support ma144;
took fib support0.5;
low volume absorption;
SNX to the MOON !Stop loss under the support.
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SNX (Y21.P2.E1).Stalking a breakout tradeHi Traders,
Hopefully you see this in time.
Gartley Harmonics
Cheers,
S.Sari
SNXUSD - BULLISH PATTERN - 5TH APRIL 2021 SNXUSD
Breakout from the falling wedge, finding support at previous resistance trendline.
Reasons to be bullish
1) MACD green
2) RSI above 50
3) Breakout pattern of falling wedge
4) Resistance flip to support
5) Above 20MA, 100MA and 200MA
6) Support were found at 0.5 fib area, forming a strong support after the correction from previous pump, indicating further continuation of price pumping.
First level of resistance will be located at USD 41 at 1 fib area. If this section is broken then next resistance will be at USD 51 (1.382 fib) and USD 58 (1.618 fib)
Hold it to the moon guys !!!!
SNX/USD: Perfect Technical SetupNice break then retest of the trend line since Feb...look at the confluence of prior resistance and fibs...this is a great trade from a technical perspective...bullish above $22 and super bullish above $24.
SNX/USD: BULLISH SET UPSNX (Synthetix Network) Binance Chart
Ichimoku : The lagging span was blocked by the candle. Price still below the cloud so trend still bearish.
However
Kijun and Tenkan as support
And
Trend line : was broken which shows some signs of reversal. Price now retesting the trend line, could bounce and start an uptrend.
Targets: Fibo extensions on the chart
How to play it?
You could enter now with a stop loss just below the trend line (about 18.40) OR wait for the price to be back above the cloud and the lagging span to break the trend line. With the 2nd option you'll miss a part of the move but the change of trend will be confirmed.
Trade safe
SNXUSD : Pulback is breaking the downtrend linebuy zone : 18.5 ~ 19.3
enter according to market conditions.
SNX early bird ROI analysisSince there is a limited chart history of SNX the most we can look at is 1/2 a year of ROI, which it looks like we recently bottomed out on and if we continue to current pattern we should move back up. The weekly and monthly ROIs also look to be bottomed out and about to retract their old patterns. In my opinion we are starting to flatten out after the last retracement, will likely enter the next major move around $19 on the 30th or so. Either we enter a strangely bearish scenario despite the rest of the market being very bullish and our monthly returns plummet lower then they have been so far, or more likely, we enter a bullish impulse scenario up to around $60 is my thoughts which seems to be inline with other TA that has been performed recently on SNX.
SNX Down ChannelSNX 4Hr chart can be seen to have formed a down channel
multiple touches on bottom and top of channel
