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SNX / TetherUS

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SNXUSDT trade ideas

Short SNXYes, I'm aware of the bull flag, but I believe the bearish divergence will negate that. I see a Wave 5 top with an Elliott Wave corrective move to the downside. The target I have labeled is my minimum take profit based on the ABC correction. If you're looking for a stop loss, I would suggest $3.62 since we have a lot of daily resistance there. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Short
by WaltrAlexander
8
SNXUSDT First signals for a changing trend to up appear on chartGlobally, the SNXUSDT price is still in a downward trend that has been ongoing since the beginning of 2021 However, now the SNXUSD price is trying to establish itself in the upper part of the descending channel, which gives a chance for positive thoughts about the continuation of the growth. So, if in the coming days the SNX price is held above $2.70, then the following targets for growth can be expected: 1) local growth up to $4.20 2) medium-term growth up to $5.80 3) a global goal for the growth of the Synthetix Network token price in 2022. - $10.70 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
$SNX squeezing hard and ready to burst? (LONG)SNX has been ranging for quite sometime in this range is finally squeezing very tightly in the end of the range. Based on its performance, i expect this to break the trend upwards. im not going into too much more detail, my last idea posted explains exactly how i utilize this break out pattern to set successful entries and solid/safe TP's! please feel free to message me directly if youd like any help understanding the fundamentals of trading and learning to create a profitable trading strategy that works for you.
Long
by AomoriAkuma
SNX facing two possible scenarios.Hello, dear TradingView members. This idea is an SNX analysis. It looks like SNX is getting rejected by the downtrend channel after moving 5% up. The price is now consolidating on a local support level. There are two possible scenarios considering the static resistance on the way up. First scenario: The price can push up and pass the dynamic resistance, which is the upper band of our downtrend channel, and then continue to move higher after a pullback and confirmation. Second scenario: The price can get rejected by the dynamic resistance zone and land on the support levels. RSI is overbought, so the price has room to go down. The Speedometer indicator shows Sell volumes on the market for SNX on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
5
SNX - SYNTHETIX - How Might The Rest Of This Correction Unfold?So continuing on in the spirit of sharing thoughts like no one can, once again I am talking to the chart. You might think this is amusing but it is very serious business. In fact so serious that you might actually learn a thing or two about holding onto your profits during corrective waves. Although it may appear to some that we may be continuing to go lower or getting ready to move higher. At this point in time it looks like neither. It's purely corrective price action at it's finest. A potential Type-1 Weak 5-Wave Move has been identified which will likely continue to be extreme choppy. Chances are that you may have to watch the whole 20 minutes of this video to grasp what I am saying. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
1
BITCOIN - New Approach To Analysis - The Chart is Talking To Me!As part of this new way of approaching my analysis I have started to think outside the box and go with my instincts. There was actually some future price action with Bitcoin VS Alt-Coins that I didn't quite get there with. I thought about it later and realized that I didn't verbalize my initial thoughts but that's ok because I will mention it next time. It also doesn't matter because there is plenty of time. It is most about how price action of Bitcoin can easily line up with Alt-Coins in the future. It is all about the ups and downs so as we progress it will become easier using this format because there is no pressure. These are my thoughts and as I continue to deliver them in this manner I will still provide levels etc but in a more casual way. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - SYNTHETIX - My Thoughts On What We Are Seeing Overall...In this video I take a step back and some small profits and go through a few waves logically. The process of elimination I use in this video is to show you the train of thought that goes into how I see the waves. Fractal patterns are extremely difficult to predict without the use of some methodology. How do I know that? Because even with the use of one it is still difficult, but not impossible! It depends on how determined you were to learn it or create it in my case. In other words I always believe that it's not the my methodology that is inaccurate but rather my interpretation of the waves whilst using it. So here I go through all the things that even other people might be looking at and slowly eliminate the potential for that outcome. This is all based on probabilities and potentialities so persistence and good risk management is key. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
SNX - PRICE ACTION UPDATE - Time To Reverse Course - STOP OUT!In this video I go through the potential larger degree pattern and compare it to the similar pattern in SHIB. As I mentioned previously if we break support then the count is invalidated. I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time. I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce. When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts. Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos. I have no problem changing direction as long as the alternative count makes sense and has some context to support the view. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Short
by AriasWave
SNX - Bearish Scenario - Potentially Going LowerPrice action overnight was not what was meant to happen. In my last video idea I mentioned that the move needs to be sharp up not sharp down. I have kept this count in the back of my mind in case something like this happens. Part of the reason for this idea is that I believe SHIB is completing a Wave D and will soon turn lower for another leg down. Due to the bearish price action and a lack of highs in recent SNX price action I feel the need to present this bearish scenario. If price goes above 4.135 then it would invalidate this count. I am tied up with a few things right now but I will post a video update later today. Not Financial Advice.
Short
by AriasWave
SNX - PRICE ACTION UPDATE - It Has Begun!!!It looks like we could be seeing the first signs of the third-of-a-third wave and higher prices are expected. It has taken a while to get to this point but it is better to track the waves before the fact. SHIB has already started on it's bull run and I believe other cryptos will follow closely behind. In this video I outline each wave since the June low and also touch on the latest smaller degree count. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave