SYNUSDT trade ideas
$SYN Bullish Prediction! Weekly chartGreetings to all traders,
I would like to bring to your attention a potentially lucrative bullish opportunity that has emerged in the market. The initial psychological resistance level is situated around the $1 mark (0.618 Fib), while a more substantial weekly and daily resistance zone can be found between $0.55 and $0.58 (0.216 Fib). Notably, the weekly volume candle recently reached an unprecedented high, which strongly suggests the potential for further upward momentum. This observation further reinforces the notion that the recent price action is not a deceptive "fake-out" candle.
Furthermore, the $1.46 zone (1 Fib) presents an intriguing target. Should a general bullish impulse or bullish bull wave materialize, we may witness price action extending beyond this level.
I hope this analysis provides valuable insights for your trading endeavors.
SYN ANALYSIS📊 #SYN Analysis : Update
✅ Here we can see the price is around its major support zone. Falling wedge pattern is forming and 2 times bullish move from the same support point. We would see a good breakout soon and achieve our targets
👀Current Price: $0.4542
🚀 Target Price: $0.9700
⚡️What to do ?
👀Keep an eye on #SYN price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#SYN #Cryptocurrency #TechnicalAnalysis #DYOR
SYN/USDTKey Level Zone : 0.6350-0.6450
HMT v3.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
SYN/USDTKey Level Zone : 0.6180-0.6250
HMT v3.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
SYN about to trap some bullsWe've entered the orange structure and overshot our normal target due to consolidation in the B phase. However, the red sequence started prematurely, turning before reaching the reversal zone. This suggests the current structure may not follow typical patterns.
The forming green structure, with constantly lower lows in the X phase, is concerning, especially given Synapse's relatively new data and the untested equal lows acting like a magnet for liquidity.
Given my outlook on Bitcoin falling further, I expect the green structure to fail and the range low to be taken out before any bullish structures form. So, I'd advise caution: wait and see how the market reacts at the range low. Once we see a bullish structure, then it's time to trade. For now, patience is key.
Synapse (SYNUSDT) Primed for the Next Big Move🚀 Synapse (SYNUSDT) Primed for the Next Big Move? 🌉
Hey, fellow traders and Synapse enthusiasts! Let's break down an intriguing setup for SYN/USDT on the 9-hour chart! 📈
Current Price: $0.5882
💥 Resistance Ahead? We’re keeping a close eye on the resistance zone (R) just above $0.59, as breaking past this level could open up the door to our potential Take Profit 1 (TP1) at $0.8326. This range holds substantial liquidity and could set the pace for a bullish breakout.
🔥 Target Levels:
TP1: $0.8326 – First milestone, where momentum may consolidate.
TP2: $1.0143 – Strengthening buyer interest.
TP3: $1.25 – Eyeing mid-level resistance for the next phase.
TP4: $1.60 – 🚀 Moon mission confirmed?
📉 Pullback Potential: There's notable support around $0.55, giving SYN a solid foundation for any retests. Key long-term holders and smart money may be accumulating here. A dip could be a smart entry for risk-managed positioning.
🧠 Projection Confidence: Moderately Strong – aligning with historical support zones, Fibonacci levels, and volume trends.
Is this the moment SYN climbs the ladder of price targets, one by one? Stay tuned as the Synapse ecosystem evolves. Watch for confirmations, and always remember – good risk management is key! 🛡️💪
$SYN - Sign of strength in progressSeems to be the sign of strength move here on LSE:SYN , with a measured move from the ascending triangle on our daily, that would take you into the top of the range.
Typically this is where you would expect a partial decline / consolidation while supply is absorbed.
Assuming this is correctly identified, you would expect a second test of the range high which confirms the partial decline, and statistically favors a breakout there after.
You would expect to see rising volume and strength into the second test, and escape velocity taking you into extension levels.
The measured move finds confluence with the 1.618, and could very well be where we end up in time here.
SYN is also getting ready to partySYNAPSE is getting stronger today and with this happing - a bullish signal emerged
If we take a look at the prior green candles from feb2024 we can see it like to go up fast.
Targets on chart
For any questions just leave a comment 🌟
About SYN
Securely connect every blockchain
Synapse is comprised of a cross-chain messaging framework and an economically secure method to reach consensus on the validity of cross-chain transactions, enabling developers to build truly native cross-chain apps.
Powering the most popular bridge
Synapse Bridge is built on top of the cross-chain infrastructure enabling users to seamlessly transfer assets across all blockchains. The Bridge has become the most widely-used method to move assets cross-chain, offering low cost, fast, and secure bridging.
Deep Liquidity
Swap native assets using our cross-chain AMM liquidity pools
Wide Support
Access over 16 different EVM and non-EVM blockchains with more integrations coming soon
Developer Friendly
Easily integrate cross-chain token bridging natively into your decentralized application
SYYUSDT STRONG BUYY!!!"I am analyzing the potential price movement of SYN/USDT. Based on recent trends and indicators, I see a potential upward trajectory. My target price (TP) is set at 1.87, which aligns with key resistance levels. I will continue monitoring market conditions to adjust the target if needed."
STRONG BUY !!!
Synapse | Altcoins Market Dynamics & New ATHThe October 2023 support has been activated. We will look at the daily and weekly timeframe for this one.
The main chart above is the daily.
In October 2023 we have the main and major low.
In January 2024 we have a higher low.
Needless to say, the low/higher low dynamic leads to a strong bullish wave, in this case, more than 600% in size.
Present day, after the correction, we have the same dynamic:
In August 2024 we have the main and major low.
In September 2024 we have a higher low.
Now, this is the type of chart structure that would call for a consolidation phase before a bullish wave, this is what I've been sharing with you lately. This is true only after really major growth and this is why for this pair/project we have to look also at the weekly chart.
This low/higher low dynamic will lead to a new bullish wave. No consolidation is needed because of what I already explained on the AGLDUSDT trade-idea and TRUUSDT, you can find these in my profile. But of course, I shall explain.
The price at which SYNUSDT is trading now matches the range at which the pair traded back in late 2023. Any action within this range can be considered accumulation. The range is 0.2600 - 0.5500.
SYNUSDT entered this range again in June 2024. We can count the two and a half month since June as consolidation as well as the five months in late 2023/early 2024.
Since the correction removed all gains, once prices are back within the accumulation range it becomes the same as if the pair never moved up.
Ok. I think I've gone too far, let me show you the weekly chart which is better.
Makes sense now right?
Notice the "low prices."
Low prices for us means good to buy and hold.
The market will take care of the rest.
Once the market is 300% up, 500% up or even 700% up, we won't care about the two satoshis nor two cents.
Do not be distracted!
Stay focused.
Keep your mind on the goal.
You are to use this information wisely; buy and hold.
Too many opinions, too much reading from too many sources can get you confused and that's exactly what the whales want.
This is not medical advice;
This is not legal advice;
This is not financial advice...
Thanks a lot for your continued support.
Namaste.
Syn / Usdt BINANCE:SYNUSDT
- **Purpose**: The goal is to benefit from the anticipated rise in the asset's price. You buy at the current price (0.4376 in this case) and plan to sell it later at a higher price for a profit.
2. **Bullish Structure**:
- **Bullish Trend**: A bullish structure indicates that the asset's price is forming patterns that suggest it could continue to rise. This could be due to technical indicators, market sentiment, or other factors that suggest positive future performance.
- **Watching the Price**: Observing the asset’s price movements, patterns, and market conditions is crucial to confirm the bullish trend. This might involve technical analysis, chart patterns, or monitoring news and events related to SYN.
3. **Holding for Good Return**:
- **Long-Term Holding**: If you decide to hold a long position, you’re choosing to keep the asset for a period of time to maximize potential gains. This means you’re willing to ride out short-term fluctuations with the belief that the price will increase substantially over the long term.
- **Expected Return**: The idea is to sell the asset at a higher price than your purchase price (0.4376) to achieve a profit.
4. **Risks and Considerations**:
- **Market Risk**: There’s always a risk that the price might not rise as expected. It could decrease or become volatile, impacting your investment.
- **Research and Strategy**: Ensure you’ve done thorough research and have a strategy in place. This includes understanding the factors driving the bullish trend and setting targets or stop-losses to manage risk.
5. **Not Financial Advice**:
- **Disclaimers**: As noted, this isn’t financial advice. It's essential to do your own research or consult with a financial advisor before making investment decisions.