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SNXUSD trade ideas

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
SNXUSD Short-term bullish, major break-out Jan 2023!The Synthetix Network token (SNXUSD) is having a very bullish day following the rebound on the June Support Zone. Being still restrained below two Lower High Resistances, April 01 2022 and May 18 2021, this is a short-term rebound that targets the 1D MA200 (orange trend-line). However, having rebounded on the 1W RSI Support Zone, this bounce can be similar to the previous two counter trend rallies since June 2021. All plotted on today's price action, those point to a break-out above the May 18 2021 Lower Highs trend-line by January 2023! Only a break below the June 18 2022 Low can invalidate this. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SNXUSDLong
by TradingShot
3
Derivatives, Synthetics, FOREX...Next Big Opportunity?For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain. That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional market). In this comparison, I put some of the projects that I consider to have upside potential, after listening to some analysts and also from my own experience. I also put on the chart the price of BTC and ETH for benchmark. Projects and tokens: Synthetix (SNX) (via Optimism or Ethereum) GMX (GMX) (via Arbitrum or Avalanche) Gains Network (GNS) (via Polygon) dYdX (DYDX) (via Etherem) Mango Markets (MNGO) (via Solana) Perpetual Protocol (PERP) (via Optimism or Ethereum) Deri Protocol (DERI) (via BSC or Arbitrum)
COINBASE:SNXUSDLong
by andre_007
1
SNX/USDT - 12.08.22 UpdateHello Traders! SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began. At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the support level of $2.08. If the price does not fall below this price level, it will mean that the range of $2.08-2.65 is a zone of interest for buyers. In this case, medium-term purchases on the given instrument in a range of $2.08-2.65 can be considered. The aims of profit fixation on such purchases will be price levels of 5.90 and 7.35$. Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SNXUSD
by UnknownUnicorn10064030
Synthetix SNX - Bullish head and shoulders! Elliott wave SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target here, between 9.19 USDT to 8.02 USDT. We have a huge descending parallel channel and I think we can definitely break through this channel! I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
COINBASE:SNXUSDLong
by UnknownUnicorn2537518
24
SNXUSD May Have A Completed Complex CorrectionHello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn. What we actually see on SNXUSD is an impulsive five-wave rally in 2020 till 2021 and complex W-X-Y corrective decline from 2021 highs into first half of 2022, which suggests a bullish continuation in the future. Well, from technical point of view, SNX retraced perfectly back to the former wave (4) support area, from where we can already see sharp rebound that can be signal for a completed correction and bullish reversal. However, keep in mind that real bullish confirmation is only above 8.15 region, so in case if we get an impulsive five-wave recovery up there, then we can easily expect a bullish resumption back to all-time highs. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
POLONIEX:SNXUSDLong
by ew-forecast
9
VWAP + ConfluenceDiscover the best day trading & scalping VWAP trading strategy, using Heiken Ashi candlesticks. In this video you’ll learn: • How to make money trading stocks and Forex market using VWAP indicator and Heikin Ashi candles • What is VWAP indicator and how VWAP works in forex and stock market • How to read and how to use VWAP bands (VWAP explained for beginners) • How to trade with VWAP indicator using Heiken Ashi charts (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc) • How to use VWAP indicator to spot day trading scalping signals and how does VWAP breakouts and pullbacks work • How to take long and short positions with volume weighted average price on a Heikin Ashi chart • how to trade with a double VWAP and how to combine VWAP with Heikin Ashi • Our simple and effective VWAP trading strategy for day trading and scalping the Forex and stock market
COINBASE:SNXUSD
by asbestosman21
VWAP + ConvergenceJust trying to create a good system. Discover the best day trading & scalping VWAP trading strategy, using Heiken Ashi candlesticks. In this video you’ll learn: • How to make money trading stocks and Forex market using VWAP indicator and Heikin Ashi candles • What is VWAP indicator and how VWAP works in forex and stock market • How to read and how to use VWAP bands (VWAP explained for beginners) • How to trade with VWAP indicator using Heiken Ashi charts (on different trading platforms: Tradingview, Thinkorswim, Webull, Metatrader 4 etc) • How to use VWAP indicator to spot day trading scalping signals and how does VWAP breakouts and pullbacks work • How to take long and short positions with volume weighted average price on a Heikin Ashi chart • how to trade with a double VWAP and how to combine VWAP with Heikin Ashi • Our simple and effective VWAP trading strategy for day trading and scalping the Forex and stock market
COINBASE:SNXUSD
by asbestosman21
1