SYNUSDtempting af
sitting above poc
near atl
long way back to above trendline for retest
juicy chart tbh
SYNUSDT trade ideas
SYNUSDT Bull Flag before a 1D MA200 break-out?Synapse (SYNUSDT) broke again today above the 1D MA50 (blue trend-line) after holding the 1D MA100 (green trend-line) which provided Support. The trend since the July 28 High has been a Channel Down, which on the overall rebound move since the June 17 bottom remains a technical Bull Flag. That is of course as long as the Higher Lows trend-line since June holds.
A break below it, should be taken as a bearish break-out signal and target the 0.800 Support Zone. On the other hand, if the Bull Flag lives up to its use, and the price breaks above the 1D MA200 (orange trend-line), expect a massive bullish break-out move towards the 4.000 - 4.3100 Resistance Zone.
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SynapseusdAttempting to fit a fib schematic to call the bottom
Obv breakdown and reclaim
Rsi bullish divergence
Fibs fit if this is infact the bottom
Any recovery rally will see a massive % gain here
Just would need btc to bounce off the logtrendline/ dxy to cool off to restart speculative market
See how we go
$SYN Synapse Protocol. Time to take the plunge.Quick video covering a Synapse trade. Not a lot of data on this one via TradingView as it was listed only recently at several tier 1 exchanges.
It could be very distracting looking at the 4H triangle breakdown, and context is important from the OBV and other time frames.
Here's the TLDR:
$2-$2.1 is a very strong area of support. Clear invalidation below.
Historically this is a good range, and we're at the bottom of it, ready to potentially create a double bottom or higher low.
Take profits are easy at 15%, 25%, 50%, making the R/R excellent vs the loss from the invalidation.
Good luck and good hunting.
SYNAPSE bridging wars for the metaverse still very in effectthis ones my personal fave but theres a few good ones out there i think any is highly regarded also
my bias is bullish this is a long term position unless something big changes
