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SNXUSDT trade ideas

SNX is about to explode!Hello, everyone! While CRYPTOCAP:BTC is in sideways it's time for altcoins to recover their prices. Yesterday my coin of the day was BIST:LINK , today is time for NYSE:SNX . In my opinion the increased Bitcoin dominance should be allocated to altcoins in the upcoming days/weeks. Lets take a look at the SNXUSDT price chart. Like other altcoins this asset is showing the correction ABC is wave 4 of any degree. Waves A and B have been already finished in my opinion and now price is finishing the wave C. This wave is so imulsive which allows us to see some nice gains. Wave C usually consists of 5 Elliott waves cycle. I think that wave has just been finished. Of course wave 3 was not so large, but longer then wave 1. Wave 4 has still not overlapped the wave 1 top. It means that the main axiom has not been violated. Wave 4 has the original target is zone between 0.38 and 0.5 Fibonacci retracement of the wave 3. Price has reached this level exactly. I decided also to apply the FibDiv trading strategy in conjunction with waves. If price bounces from this Fibonacci zone we shoud wait the the next impulse (in our case wave 5) in the resistance area which is marked as the red box. Therefore, first target is located at $2. But taking in account that wave 3 was not extended wave 5 can be extended. In such cases we have the second target at -0.618 Fibonacci projection. Now it's located at $2.15. After this pump I expect new deep dive. Best regards, Ivan ____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
Long
by Skyrexio
2
SNXUSDT wants more liquidity?SNXUSDT is exhibiting a distinctive pattern known as an ascending channel, which is formed by a series of higher lows and higher highs. This suggests a bullish trend in the market. However, it's important to note that the price is currently approaching a significant daily resistance level. If the price fails to break above this resistance and instead drops below the $1.8 area, it could indicate a shift in market sentiment towards the bearish side. This would potentially trigger a new downward movement, or bearish impulse, in the price. According to Plancton's Rules this scenario would suggest a potential opportunity for shorting SNXUSDT. Traders who adhere to these rules might consider opening short positions, speculating that the price could continue its downward movement until reaching the $1.6 area.
by InkyGrip
4
Syntheticx Network: Wyckoff AccumulationAcross the crypto space I'm seeing mixed signals, some look ready to go while others look like they need one last flush out, a sweep of the lows, a spring. Syntheticx is a prime example of this. While there doesn't need to be a spring, if we do get one it'll provide excellent entries to enter long term positions. Key points: Appears to be at the end of phase B of Wyckoff accumulation There will be a lot of lequidity (Stop's) below lows setting up for a Swing failure Pattern (SFP) Confluence with other coins such as VET suggests there could be one more push down Waiting for a spring will provide a better entry The trade: Entry 1: SFP- enter below the low @ $1.396 - Careful - RISK of meltdown with no clear stop. Entry 2: enter on the local 0.618 after a spring Entry 3: add to positions on any additional 0.618 pullbacks Target 1: near top of range at $3.00 Target 2: monthly resistance at $7.34 Target 3: Monthly high resistance $18.72 Target 4: Moon bag - $139 - not impossible but unlikely due to 38b MC Stop 1: once price reacts - below previous low Stop 2: move up to local .707 after reaction Stop 3: move up to just below resistance levels as they are broken and retested from above D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
SNX Just the other day u told me you were sorryGuys, snx hit take profit 2 on the super trend, then we had btc trouble so it negated the targets (which basically are the fib extension on the elliot wave, modified from hewhoshallnotbenamed) However it is my experience, that the coin once it reforms support will go test the targets. So I gone LONG, cause well Ladys give me lots of $$$, may buy a new bicycle. I wonder if snx will hit all targets and I can get a scooter. Stop adjusted to 2.10- leverage 10x- 20x. Please stop trading isolated above 10x, lol.
Long
by UnknownUnicorn39347201
SNX - Watch for support holdI like SNX here at support. We saw a break down ( i saw a few ideas of longs last week ) at this stage not sure WHY. There was nothing showing a long set up. Now we're nearing support its a good idea to keep an eye on some Alts at support because could be good long term buying opportunity's for the next bull-run. 1 - my eye on $2:05. 2 - or a big sell off below 2:05 to trigger liquidations and than holding above support, great buying entry. or a break below 2:03 and close. - Could mean better buying opportunities at $1:60 range. Key note: Patience is key don't just buy at support like every other retailer in history.
by BBALBISS
SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200%SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200% Upside Potential The SNX/USDT pair has confirmed a breakout in the high time frame (HTF), indicating a bullish outlook for the long term. As of writing, the price is trading around HKEX:3 , with the breakout level at $2.70 and a retest level at $2.25. This technical analysis aims to provide insights into potential price movements and actionable trading strategies based on the chart. Technical Analysis The SNX/USDT chart suggests an upward move is likely to continue before experiencing some retracement. The breakout level has already been confirmed, and the price has retraced to the retest level, indicating a strong support zone. The long-term trendline has also been broken, further supporting a bullish outlook. Targets and Stop Loss Based on the chart, the potential targets for the SNX/USDT pair are $3.40, $4.50, HKEX:6 , and $7.30. However, it is important to note that a strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses. Takeaways The SNX/USDT pair has confirmed a breakout in the HTF, indicating a bullish outlook for the long term. The chart suggests an upward move is likely to continue before experiencing some retracement, with potential targets at $3.40, $4.50, HKEX:6 , and $7.30. A strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses. Conclusion In conclusion, the SNX/USDT pair presents a bullish long-term outlook, with a potential 200% upside from the breakout level. However, it is important to note that this is not financial advice, and investors must conduct their own research before investing in any coins. Follow us for more quality content. Thank you
Long
by CryptoPatel
2
SNXUSDT is testing the 4h resistance Synthetix Network Token (SNX) has recently bounced from the 0.618 Fibonacci level, which is a significant level of support. The price has also broken out from its dynamic resistance on the 4-hour timeframe, indicating a potential bullish move. Currently, the price is testing a resistance level, which could act as a barrier for the price to move higher. If the price manages to break above the 2.8 area and confirm the new uptrend, according to Plancton's rules, a new long position could be taken. It's crucial to monitor the volume and momentum indicators to confirm the breakout and avoid false signals. Additionally, traders should consider the risk-reward ratio before making any trading decisions and use a stop-loss order to manage the risk. Overall, SNXUSDT's recent price action suggests a potential bullish move, but traders should wait for the confirmation of the breakout and consider the overall market conditions before making any trading decisions. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
6
SNXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 3.6 - 4.5 - 5.3 after first target reached move ur stop to breakeven Stop: ~2 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive