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SNX / TetherUS

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SNXUSDT trade ideas

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
Long
by CobraVanguard
34
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 ------------------------------------------------------------------------------------------------------------------- ✅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.) -------------------------------------------------------------------------------------------------------------------- 👉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
Long
by PRO_SMART_Trader
1
SNX looking strong n thro that danger period same sushi etcshe runing good..... cream compound n YFI team heatn up_is da word whats his deal called k33per look foir defi to heat up next few weeks SHUSHI is looking great SNX is looking strong again as well REN is looking like she wants to pump _3 months of consolidation but who the h3ll knows anymore ZKS is getting really exciting but all that matters rite now is the BTC black whole is in full effect to the power of ETH_HOLD ON YA ALL IT COULD GET A BIT BUMPie eso wit the COINBASE trojan horse for mass adoption _ real world crypto n finance adoption.... we here n not leavn N what up with a NEW ATH CRYPTO MARKET CAP _HGM
Long
by HustleGrindMomentum
Crypto|SNX/USDT|LongLong SNX/USDT Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
24