SNXUSDT trade ideas
SNXUSDT flag pattern#SNXUSDT is in parallel channel, that is a flag pattern witch make the price to touch $35 - $40 in coming weeks.
Buy DIP
Double Bullish Divergence on the DailyThe RSI and MacD have reset nicely and we have some bullish divergences shown on the lows in the green box vs the lows in the blue box. The blue box also shows a head and shoulders on the RSI. SNX could be ready for another leg up.
SNX - long term propositionBuy - 15.4
Tp1 - 24
Tp2 - 38
Tp3 - 57
Omg, it was so exciting to do this forecast
I'm not sure, but it's rly good idea to buy SNX
SNX following ADA's 2017 pamp : cycle behind ; final target 250%SNX following ADA's 2017 pamp : cycle behind ; final target 250%
this was me trying to figure out if i should bag this one or ren/sushi/aave...
maybe you have a bag already.
this thing did some crazy multiples already. congrats if you got this one near the bottom.
Can SNX continue its parabolic trend line?This is on a logarithmic scale. Synthetix could see $100 EOY if it can continue along this gold trend line. Mostly depends on what Bitcoin does for the rest of the year.
Best chance to BUY before SNX takes off! SNX had already broken out from its bear trend before the "crypto crash". IMO the crash is nothing unusual compared to what we've seen before. Corrections are important so that we can continue our pumps. RSI looks good for SNX although we might need some time for it to bring back the bulls. BUY at any level lower than the 'Buy zone' that I have marked and take your profits around where I have marked. I would take 25% - 50% profits and leave the rest to run. That way you won't miss out on any more gains if the bear run continues. If you are buying SNX for the long term, I wouldn't take any profits until Q4.
Just an idea ;)
SNX/USDT : Breakout confirmed ! BINANCE:SNXUSDT
Hello everyone 😃
SNX had a breakout from bearish trendline.
Now MACD and Volatility are slightly bullish.
Also SNX broke MA 100 on 12H TF !
In higher timeframes, we have a bullish crossover on MACD.
Everything seems fine for now...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
SNX Daily Chart. Still looking good. Bullish above the RZSNX Daily Chart. Still looking good. We need to go above the RZ for continuation. Look at how the RZ has acted as resistance multiple times.
SNX/USDT can do a bullish movementHi every one
SNX / TETHERUS
SNX/USDT is in a symmetrical triangle right now this means after the break out the price can increase as much as the measured price movement (AB=CD) a little bit of correction might happen before the bullish movement.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
SNX DAILY CANDLE BREAKOUT?At the moment SNX is very bullish and on the verge to breakout on the daily candle if it should hold after breakout, its straight to the moon. SL should be below the EMA, well depending on your risk tolerance.
GL.
THE DERIVATIVES LIQUIDITY PROTOCOL ;(SNXUSDT Analysis)Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
coinmarketcap data:
Market Cap: $2,399,790,445 - Market Cap / TVL Ratio: 0.9947
Fully Diluted Market Cap: $4,438,928,942 - Total Value Locked (TVL):$2,383,366,388
Volume24h: $177,713,537 - Volume / Market Cap: 0.07479
Circulating Supply: 114,841,533 SNX - Max Supply: 212,424,133
What Is 🌟 Synthetix (SNX) 🌟?
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
❇️Who Are the Founders of Synthetix?
The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix.
Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia.
❇️Conclusion
Synthetix has already delivered one of the most complex and useful protocols built on Ethereum to date. But the potential for censorship-resistant synthetic assets is still largely untapped. Further improvements to the mechanism as well as functional upgrades and new Synths will vastly increase the utility of the platform. Movement to a decentralised governance process will also reduce systemic risk and increase the long term viability of the project.
Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency.
refrences: coinmarketcap - synthetix.io
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for SNX/USDT, the price is trading at around $20.7 .
The Synthetix has been involved in a rising channel so far and the price of this currency has grew up more than 800 times until now ,
It has hit the middle more than 5 times and has not been able to break it upwards, but if it succeeds, it can grow to its ceiling, and I think after all this growth, it needs to be slightly modified now, finally up to EMA50 It can come down,in which case it is safer to enter and has a very attractive and potential option.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
