Synthetix (SNX) / BTC -

On the above 1-day chart price action has corrected almost 70% (currently 50%) with a ‘incredible buy’ signal printed towards the end of July. A number of reasons now exist to be bullish, they include:

1) Price action breaks out of resistance after 110 days.

2) Higher lows printing across numerous oscillators - excellent.

3) Bullish engulfing candle prints at breakout. Look left.

4) Dragonfly DOJI prints on 2-week chart (below). Have talked about them before on other $/BTC ideas. Not often you see them on BTC charts, but when you do… Do not ignore, they be powerful.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

1st target 6k sats.

WW


2-week chart

Comment:

Expect a breakout to the upside by mid-late October. The majority of alt-coins are showing something similar expect for the larger market caps.

Trade active:

A 'incredible buy' prints on the daily chart a couple of days ago. A good long entry moment - look left.

Trade active:

10 oscillators now showing bullish divergence with price action,

Comment:

Had meant to publish this just wasn't quick enough. This will be become a recurring theme with alt-tokens in the near future me thinks.

Trade active