SNX trade ideaSNX has been quiet lately in comparison to other alts, despite being a great crypto project. This is my current trade for SNX, I think the risk/reward is great here.
SNXUSD trade ideas
SNX Long Head and shoulders has finished its bearish move. If we see price stay above $18 we should see a continuation of the bull run.
- falling wedge breakout and potential retest of trendline/support level
Crypto Market & SNXUSD Technical Analysis & Predictions 3/12/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Synthetix created Long term ASCENDING CHANNEL!! $800??An Ascending Channel indicates a bullish trend with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.
In a bull market, every dip is a buying opportunity. Not financial advice, but if we follow the past trends, we can see a $800 SNX this year with a MAJOR correction and consolidation to the downside once hitting the resistance trend line again and maybe breaking it..!
SNX has a PERFECT market structure that Whales (BOTS) will buy into during the altseason and SNX has the opportunity to be BIG in the coming years ahead. We haven't seen nothing yet!
Altseason is coming. The best time to move BTC into altcoins is NOW! (due to BTC dominance looks heavily bearish next month!). Once all the "shitcoins" had the massive altseason run, I will be moving 50% profits into Ethereum , and stake it for long term investment. Other 50% will be use for Lambos and properties ;)
Good Luck!
"Be fearful when others are greedy, and greedy when others are fearful." - Warren Buffet
$SNXUSD | Imminent Correction Followed by New HighsLook for an imminent correction to occur over the next several weeks/months followed by new highs. Potential reversal points highlighted on chart.
Synthetix Network Token: Amazing Progression I've been following Synthetix Network Token (SNX/USD) for six months with continuing amazement. SNX no doubt is going to be a future powerhouse derivatives trading protocol. Fortunately for us, it's still in its infancy and can be accumulated on exchanges at an incredibly cheap price. This token is one of my long term "Hodl" and staking cryptos (along with BTC, ETH, XLM), but in addition, it also serves as a fine swing trade crypto (like Kyber Network, for example) to net some quick, juicy gains to roll back into the hodl bags. This token can move fast and furious, so be sure to keep it on your watchlist! This chart will help you track its trajectory.
*Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
**If you have strong hands, patience, and you like big wins and big money, follow me. I track all 37 USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative position/swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based on a combination of Wyckoff market phasing, Elliott Wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
SNX/USDT - Potential targets after the correctionHello, Traders!
SNX corrected the downward movement from 14 February by more than 60%. Buyers were then forced to take a break.
At the moment, the price is at the exit of the consolidation range of $16.39 to $21.80.
The first altcoin moving upward is ETH, followed by Defi-assets. As a reminder, SNX is one of the foremost Defi projects in the cryptocurrency market.
We can consider entering the position at the range of $20.70-21.80
Stop Loss shall be placed at $19.38
Targets will be:
$23.16
$25.70
$28.94
Good luck and watch out for the market.
P.S. This setup is intended for educational purposes only.
Super Dank Price ActionSince breaking out of the long term trend around the time of the crash, we formed and broke out positively on a nice triangle. We've since touched on our supports and resistances a bit. I wouldn't consider them strong supports though, so dipping below as we have seems normal. Momentum, RSI and UO all look like they should still have some more momentum coming in the near future.
SNX on course back to ATH 33% gained on course to 60+%SNX on course back to ATH 33% gained on course to 60+%.
SNX on its way back to the upside, strong bullish sentiment with the 13 EMA crossing UP 50 SMA , Buy signal triggered by script...HODL positions 25% Gain to ATH from current price level. New ATH high insight at $32.87.
Looking at possible $40 if we keep passing all time highRetracement matchup and projections off previous gains indicate either it will top at ATH again or rush to around 40. I encourage you to check other ideas on SNX as there are some good ones right now. I am very excited about SNX and the tech but its been a little slow since reaching ATH for my taste and I can't wait to see it realized more because I am sure it will just be the start.
SNX / USDT 2 HOURSNX / USDT 2 HOUR
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WallStretDefi have been trading for 20+ years on the stock markets and 12+ years in the Crypto Space, we are here to share our ideas with you.
DO NOT BE LEFT BEHIND - The Crypto Bull Market Is here right now and will likely move a lot higher in the coming months and years.
If you want help trading Bitcoin or any other ALT coins hit us up , WallStreetDefi will improve your trading, Have a look at the links below.
SNX Potential Buy Opportunity 80%+ Gain NEW ATH Chart UpdateSNX on its way back to the upside, strong bullish sentiment with the 13 EMA crossing UP 50 SMA, Buy signal triggered by script...HODL positions 25% Gain to ATH from current price level. New ATH high insight at $32.87.
SNX Potential Buy Opportunity 80%+ Gain NEW ATH UpdateSNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels.
Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
SNX Potential Buy Opportunity 80%+ Gain NEW ATH Price Target $32SNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels.
Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
SNX Potential Buy Opportunity 80%+ GainSNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels.
Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
SNX/USD Potential Livermore CylinderSNX/USD may be in a Livermore Accumulation Cylinder
(just getting in to this technique, if anyone can
link me to the best Livermore Cylinder learning
material that would be greatly appreciated.)
We see the trend being respected on both diagonals.
Jesse Livermore traded by the rule as well to
determine whether he was on the right side of a
bullish trade, volume would increase on price
expansion and decrease on retracements.
This is evident here where the + and - symbols
are placed.
If we truly are in a Livermore Cylinder, we should
expect another test of the upper trendline,
which has been acting as resistance, for the 6th
impulse on increased volume (estimated by the
gray + sign). Then a test of the bottom trendline
which has been acting as support for the 7th impulse
which creates support confluence with the
previous all time high at impulse 4 (gold line) that
should act as support as well on decreasing volume
(estimated by the grey - sign).
After this has happened and confirms as still
holding its shape we would expect further
upward expansion toward the 8 to 10 impulses
which aren't all charted yet, however I will update
that if necessary when the time comes.
"Synthetix Network Token (SNX) is an exchange-based
token created and issued by Synthetix, a
decentralized synthetic asset issuance protocol
built on the Ethereum blockchain."
- CoinGecko
Synthetix is a promising project, more DeFi
and should have a bright future. Regardless of
whether or not the Livermore Cylinder holds true
SNX could do very well in the long term.
SNX UPDATE (post market dump) 2/2220 percent buy wick on 4 hour candle
Off of the .618 fib from swing low
Closed above 4hr 200 ma after touch it first time
Still within flag structure
Hidden divergence on daily, 4hr
SNX analysisHead and shoulders on the daily however we are in a bull run so unlikely to be fulfilled. Hopefully get a bounce off this trendline/support zone otherwise we may revisit 18/19 dollars
SNX - Descending Channel UPT: 27.92 to 32.11
DPT: 21.13 to 19.46
BCT (Wait for B reakout, Wait for C onfirmation, Place in T rade)
More power to all your trades, my friends!
Ron
Intrepid_Trader
SNX Fast ScalpBuy Zones :
- 24$ (Now) - 20% of your capital invest for this trade
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Rebuy Zones :
- Rebuy 22$ - 30% of your capital invest for this trade
- Rebuy 20$ - 50% of your capital invest for this trade
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Sell Zones :
TP1 = 28 ATH
TP2 = 32
TP3 = 38
----------------------------------------------------
Stop :
SL : 29.4
----------------------------------------------------
Happy Tr4Ding !
SNX SYNTHETIX Continuing the Trend?4 hr hidden divergence again showing up in a highly bullish trend
SNX has potential to run to 50 areaOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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