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SNXUSDT trade ideas

Synthetix (SNXUSDT) Ready 4 Long-Term GrowthHello my fellow traders, For SNXUSDT (Synthetix), the All-Time Low was hit in August 2024. After this low, we have three months of accumulation and a bullish breakout is starting to develop now. What makes this breakout different to past instances is the fact that it is supported by rising volume and Bitcoin hitting a new All-Time High. Many Altcoins are also breaking out right now with two and three digits green. What one does, the rest follows. This is all good news. Notice how SNXUSDT is trading really low, specially when compared to many other Altcoins. This is good. Low means low risk on a drop and huge potential for growth on a rise. Catching the bottom means that the possibility exist to enjoy the entire bullish cycle on this pair. We are looking at bottom prices. The purple line on the chart is the previous ATL, December 2022. Seeing SNXUSDT moving above this line makes this pair ultra-bullish. The targets on the chart are conservative targets. These are good targets but below the ATH which sits at $28. Knowing what is coming for Cryptocurrency in 2025 and beyond, massive growth, we can expect a new ATH to hit here and all across. Patience is key. We buy and hold. While things are about to become really exciting, it will still take months and months to enjoy massive growth. At this point what is important is to buy hold and develop a plan. How to maximize profits on the way up? When to sell and by how much? When one pair is sold, a new one is bought. When one pair rises, we sell and look for the ones that are still trading low. We keep on repeating this over and over until the bull-market runs its course. We can also diversify or we can hold long-term. There are many ways to approach the market, what you choose depends on you; your trading style, your capital, your goals, your risk tolerance and so on. We have leveraged trading as well as margin and spot. It is always good to diversify. Only a small portion with leverage because of the higher risk. The bigger portion should be spot, that's the sure way to win. No margin, no leverage, no risk. Thanks a lot for your support. I'll you see on the next one. We are here long-term. Thank you for reading. Namaste.
Long
by AlanSantana
1
Synthetix New All-Time Low On Falling Wedge (222% BU-Pot.)Hello my fellow traders, here we have another highly interesting chart. Synthetix (SNXUSDT) just hit a new all-time low, breaking its December 2022 bottom and hitting the lowest price in its history... This can be good. A reversal can easily follow after a strong crash and we have some signals in support of this statement. 1) We have a bullish harmonic pattern coupled with a strong, almost perfect, falling wedge. While there is always the possibility of one more low, one more crash, a sudden flash crash; the truth is that growth can also start without warning and this is the tricky part about the cryptocurrency/altcoins market. It can take weeks or months for a bullish wave to develop but at other times massive growth can happen in a matter of days; no warning. The patterns and indicators can alert of the event but not the exact timing as to when. We can easily predict the direction but not the date. 2) The classic rounded bottom is also present and the current session is green. More than this small rounded bottom, which is weak due to its small size; we can see SNXUSDT trading back above its December 2022 low support. And that's the main and most important signal. If it trades above this level we can assume that additional growth is possible. Confirmation is needed and this only happens once the session closes. These are early signals, but the potential is good for a bullish jump. Remember to do your own research and planning. Your support is highly appreciated. Namaste.
Long
by AlanSantana
1
Buy Trade Strategy for SNX: Leveraging Synthetic Asset InnovatioDescrizione: This trading idea focuses on SNX (Synthetix), a leading cryptocurrency in the DeFi space, enabling the creation of synthetic assets that track the value of real-world assets like fiat currencies, commodities, and stocks. SNX has established itself as a critical protocol in the decentralized finance ecosystem, offering users a unique way to gain exposure to various assets without holding the underlying asset. With continuous updates, partnerships, and a strong development community, SNX holds significant potential for long-term growth as the DeFi market expands. However, it’s important to note that cryptocurrencies, including SNX, are highly volatile, and external factors such as regulation changes, market sentiment, and technological advancements can impact prices dramatically. Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly speculative, and trading them involves substantial risks, including the potential loss of capital. Always conduct your own research, assess your financial position, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
possible entry's for a longtradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX. There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above. Role: Reversal Expected trend: Bullish Previous tren: Bearish Reliability: Moderate Pattern: Triangle According to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing. Target price The basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.
Long
by dead4586
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.557 . Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.660 . RESISTANCE LEVEL (2) : 1.767 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.445 . SUPPORT LEVEL (2) : 1.284 . TURNING LEVEL : 1.557 .
Short
by ArinaKarayi
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.395 . Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 . Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 . Channel Trend: the trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 . SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
Short
by ArinaKarayi
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
Long
by altFINS
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25). Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
Long
by altFINS
SNX - Yes, another double-bottomI keep finding these nice double-bottom setups across the board, so why not share it :) SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward. I said this before, double-bottoms probably are the most reliable patterns you could ask for with a slim chance of failing. Of course, it can happen, but usually not without some bad news regarding the market (hacks, bans and the like). Anyway, you should still have an idea upfront of what you want to see but more importantly what you DON'T want to see and adjust accordingly. Once in position stick to your plan as systemic as possible to limit your emotions - Because emotions such as fear and greed are going to cost you everything in the long run. Stay safe!
Long
by TV288
5
SNXUSDT At a Crucial Point: A Major Breakout or Breakdown Ahead?Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching: 💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move. 💎#Synthetix is testing the critical support zone of $1.72-$1.94, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast. 💎There is a Major Support Zone at $1.72-$1.94. A bounce from this level could be the start of an upward rally. Watch for strong buying interest here. 💎If the liquidity at the major support zone isn't enough, we might see a move down to $1.39. A strong buying response at this level could still spark a bullish run for $SNX. 💎However, if both the major and lower support levels fail, #SNXUSDT might face increased bearish pressure, possibly leading to further declines. Remember, disciplined trading and patience are your best allies. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon