SNXUSDT 6H#SNX is on the verge of breaking out above the trendline on the 6H chart. In case of a breakout, the targets are:
🎯 $2.553
🎯 $2.770
🎯 $2.986
🎯 $3.294
SNXUSDT trade ideas
SNX LongThe Accumulation Phase (2023-2024) is marked on the chart, showing a period of consolidation where price moves within a range. This phase indicates that buyers and sellers are reaching equilibrium, setting up a strong foundation for future price movement.
The Demand Zone (2025) is represented by the blue dashed area, a key level of support where price could experience a bounce. This zone is crucial as it could offer an entry point for long trades before a potential breakout.
The chart projects a Bullish Breakout (2025 and beyond) , where the price is expected to rise significantly after the accumulation phase.
Potential Target: The price is projected to rise significantly after the breakout, potentially reaching targets as high as $16 based on the breakout from the demand zone.
Overall Outlook: The chart suggests a well-planned accumulation phase with a likely bullish breakout in 2025. Keep an eye on the demand area for potential entries and watch for upward momentum as price breaks above key resistance levels.
Bullish Divergence on SNXClear bullish divergence on SNX, lets see how it plays out
First PT- 2.25
Second PT- 3.21
SL- 1.844
glhf
Good Opportunity to buy The chart look good if you want to enter with a good Risk Reward ratio. As you you can see, the yellow horizontal line represent the point of interest and we touched that line and had a reaction. Then if you look at the pattern from the 30min chart we see a fake out and a retest of the support.
When you look at the USDT.D Chart we see a clean breakout of the bear support line and this morning we did a retest of that line.
BTC.D seems to have made a lower High and is currently trending on the downside on the lower time frame.
Final; you look at the chart I just posted; we see a CHOCH on the lower time frame, market likes to do that to grab some liquidity and fool trader.
There you go, when you get many confirmations like that you set it and forget it. if it fail when you can't be bothered cause you did you duty as a trader.
SNXUSDT trading opportunitySNX/USDT is trading within a potential descending channel, with a dynamic trendline influencing the pace of the trend. The price has recently broken above the trendline and pulled back to retest it, aligning with the channel’s bottom boundary.
The subsequent bounce suggests a strong bottom, indicating the potential for further upward movement, likely testing the channel's upper boundary. The plain is to re-accumulate within the buy-back zone and target the mid-term resistance level for profit-taking.
Feedback on this setup is welcome to refine the analysis further.
A huge Short Squeeze is brewing I recently DCA a long position in SNX, a layer 2 crypto, as I believe ETH will pop to all time high. This position has been struggling more vs my others longs because the selling pressure is heavier. Once the robots get the flow, the squeeze will be big. I notice a big CHOCH on the downside; those CHOCH without continuation if often a big liquidity grab. Patience is Key.
#SNX Market bought SNX here with 50% position, remaining i plan to average down if we get a dip around 5th Jan
There are few more coins i am watching will be entering them after Yearly open
SNX|USDT Sellers Exhaustion 1H Timeframe It has a smooth liquidity on redistribution side and volume is raising time by time. If the price is stay in this area in next 4-5 hours then probably tomorrow we will see for long position not short.
SNX in clear Distribution Phase on 1 Hour Short EntrySNX on 1 Day timeframe in Accumulation process and in order to catch the low price this is an opportunity. Today at 1 hour timeframe a clear distribution phase is loaded now and to complete the 1 Day Accumulation phase so now we have an entry chance over the distribution phase of 1 hour. Short Entry towards higher timeframe cycle.
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone.
💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation.
💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet.
💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes.
💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop.
🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient!
MyCryptoParadise
iFeel the success🌴
#SNX/USDT#SNX
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2.16
Entry price 2.20
First target 2.24
Second target 2.31
Third target 2.40
Finding SNX PullbackSNX still holding trendline in mid time frame
But if it cant hold we must see price is around 2.3
#SNX/USDT
#SNX
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $2.50 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.60
First goal 3.26
The second goal is 3.60
The third goal is 4.20
TRADE SNX...Hello friends
According to the upward trend, it is expected that the specified range is a good range for buying, the loss limit and the profit limit are also specified.
This analysis is only reviewed from a technical point of view.
Don't forget capital management, friends.
SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update
BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days.
Buy zone : Below $1.77
Stop loss : $1.50
Take Profit 1: $1.99
Take Profit 2: $2.40
Take Profit 3: $3.30
Thank You
Hexa🧘♀️
#SNX. Great entry point and upside potential. 11/21/24Synthetix Network Token (SNX) is an Ethereum-based token powering the decentralized protocol for issuing synthetic assets, Synthetix.
Synthetic assets are created when SNX token holders provide them as collateral using Mintr, a decentralized application for interacting with Synthetix contracts.
Currently, the protocol supports synthetic fiat currencies, cryptocurrencies, and commodities.
The situation is similar to #DYDX. The token is in a sideways trend and near the lower boundary. Buying at current levels up to $1.22 is a reasonable idea for spot trading. The nearest target is $3.144. On spot, you can easily achieve at least a 2x return.
Synthetix (SNX)Synthetix is a decentralized liquidity pool provision protocol where users can borrow liquidity at low fees. Anyway, after a huge rise, SNX has been in a downtrend for a while. Recently, SNX broke the downtrend line as well as the minor one. Let's see how far SNX can go.
SNX buy setup (12H)SNX seems bullish. We have iCH on the chart and important trigger lines have been broken and it has stabilized on the upper orderblock range.
By keeping the last OB, you can move towards the targets.
Closing the daily candle below the invalidation level will violate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
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.
SNXUSDTSNX ~ 1W
#SNX If you still have Conviction on the coin,. This is a great support block to start buying again. at least for 20%++
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.
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.
