SNXUSD trade ideas
Technical Analysis & Predictions 2/8/21*DISCLAIMER: I am not a financial advisor and this is not financial advice 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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SNX TO $24.26 POSSIBLY $27 ?Hi everyone,
After a bearish trend we are finally bullish. We all know what SNx is capable of. I shared my idea of potential zones to help those who are wondering. What is your price prediction for this bull run?
SNX to $27Interesting channel has formed. We hit my previous target. Price broke out and is hovering above the ascending channel that it broke out of. If price holds, expect a move to $27.
Beware, SNX 4H head & shoulders potentialCompleting this head & shoulders on the 4H and flushing down is seeming more and more likely for SNX as it continues to show weakness relative to almost every other name in the DeFi space. Bull volume needs to show up soon for this scenario not to play out. Upper $16's to mid $17's are a must hold zone for the uptrend to remain intact.
FOR A QUICK PROFITHI EVERYONE!
here is my play for a quick profit, In at $17 out at $18.50 we need more data for the future analysis of the chart but in the mean time this will be my play,
Happy trading everyone and leave a comment with your predictions
BURAK
SNX showing more weakness than other DeFi namesAfter briefly touching above $19 SNX has been steadily fading for 48 hours, failing to show any sort of substantial bounce like other names in the sector. 4H chart has been unable to close above EMA resistances, looks to have broken below the longer term uptrend line, and continues to dangle off into lower lows with increasing bear volume. The potential also exists for the 4H chart to be a head & shoulders about to break. TA of the chart would indicate further weakness coming. Supports on the way down include 16.03, 14.75, and 14.
Last hope for near term bulls would be a bounce from the 12H EMA 26 which is also the daily EMA 12 in this case. Failing significant bull volume showing up here in the mid 16's pushing lower time frame trend reversals and closing above EMA resistance, lower lows seem likely.
Definitely open to a more bullish take if there's something I'm not seeing here
Synthetix 2.1.21 Future of DerivativesBig Boi wants to go! let er rip! first stop is 19 and then i have 23 , 25, and 30. Should easily hit it.
SNX - DECISION TIME, PUSH HIGHER OR BREAK THE TREND LINESNX is crawling up the ascending white trend line.
If SNX breaches this line, a retracement to the GOLDEN POCKET could be the next move.
MACD has a BEARISH DIVERGENCE.
Looking to get in.
Buying opportunities ahead!
More power to all your trades, my friends!
Ron
Intrepid_Trader
SNX about to crack $20! :-)One of my fave alts, is about to blast off! Get ready for the new world of defi and synthetic assets...! Safe trading!
SNXUSD ://buy the dip n see Linear _LINASNX is an powerfull idea esp when looked at thro thee lense of this robin hood etc fiasco.
There is some possible scalibility _ eth issues so check out LINA or LineAR
herr look to buy the dip as marked...
Synthetix 1.28.21I stand by my statement that if you are looking to ape into something and you believe that 1) Ethereum is going to be HUGE and 2) that you believe DEFI will return a higher ROI than this is the one for you. We've stayed above the daily candle closes as prior resistance. I'm looking for a big move into the 23 dollar range short term. Long term we can talk later once we get 23 and 30 but i really believe a 10 billion market cap shouldnt be too hard. Thats something like an 80 dollar SNX. 5 years from now possibly 1000 dollars.
SNXUSD-GOOD FUNDAMENTALS-EXPECTING GROWTH NEARTERMHi.
Another token I'm watching is SNX. Good project with good fundamentals (DYOR).
Looking strong TA wise, I'm looking for pullback to 13.2-13.7 range for a long entry, with targets being tp1: 20.7 and tp2: 24.4.
SNX held strongly during the btc bleed as well, not going lower then 14.8, which leads me to believe that I probably won't get the ideal entry, so for entry two, I'm watching the yellow resistance to be broken and confirmed as support.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com (5% fee discount)
*not investment advice*
Synthetix 1.24.21If you missed Aave well we have good news. This will be Aave Jr. Just like the Band call that was given at 1 dollar, this will be the one to ride if you have missed Ethereum or Aave. Target is 23 short term. Long term targets are insane bc DEFI will now lead this market and everything else will follow
SNX/USDThe SNX currency has a strong resistance in the range of $ 17 and how many times has it tried to overcome that limit. Should it be able to set a new record ??
SNX.x is ready to rip technically and fundamentally.Snx.x looks ready to rip with a local top around $20 in the next 5 days. This price target remains heavily dependent on bitcoin holding support at 32k.(likely)
GEMINI:SNXUSD
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