Thank you for reading this update. Depending on our study we see that SNX has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice
This symbol appears to be inside a large B wave that has become a triangle. Now at the end of wave d of B is big. If it reaches the specified green range, you can look for buy/long positions For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
💎Paradisers, SNXUSDT is currently showcasing a noteworthy pattern, having retested its resistance level and now positioned within a demand zone, indicating a potential for a bullish trajectory. 💎 In the past, Synthetix has adhered to a descending trendline, breaking above it to initiate an ascent and retesting a resistance level. Presently, it finds itself back...
After a long correction, Synthetix started growing! This chart shows the weekly time frame. So, look for a position daily and go long for the target I showed you in the chart. Do not forget to put a stop-loss as the stock goes crazy sometimes! :) Let me know your opinion by pushing like or your comment! :))
Hello everyone! Synthetix is another asset that has been trading sideways for a long time. On average, the movement from one side of the trading channel to the other is 50%. Currently, the asset is in a good buying zone. The RSI indicator also shows that it is oversold. Targets on the chart. This is not financial advice, and anything you do is at your own risk.
💎 SNX has undeniably captured the market's attention with its breakout from the supply area, a feat it has achieved after several attempts. This breakout is typically followed by a retest phase, and it's likely that SNX will enter such a phase at the demand level of $2.53, which previously acted as a supply zone. 💎 There is a strong chance that SNX will rebound...
💎 SNX has indeed garnered significant attention in the market due to its remarkable uptrend. Having broken out of the descending channel, SNX has demonstrated a substantial upward trajectory post-breakout. 💎 Currently, SNX is in a phase of consolidation within the supply zone, and it faces a critical juncture where it must surpass the resistance level; failing...
seems like has already bottomed out and currently massive breakout happening breaking symmetrical triangle in 3 days tf expecting successful breakout incase of successful breakout expecting solid recovery expecting move towards 10 to 12$ incase of breakout
Trade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) signals bullish trend reversal with upside to $2.60. Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel...
💎 SNX has certainly drawn our attention with its breakout from the Descending channel, underscored by significant volume and an impressive upward movement. Presently, SNX finds itself at a pivotal juncture, necessitating a breach of the resistance to maintain its bullish momentum. 💎 Facing potential rejection at this resistance zone, and considering SNX is in a...
SNX created falling wedge on 4hrs TF and is looking to breakout the resistance on the falling wedge…. I will advice you wait for retrace back to the support and take from there to resistance above…. Watch out for breakout. Follow for more market update Can chat me up for trade setup
From where I placed the red arrow, our diamatic seems to have started. We seem to be in wave e now. Wave e looks like a flat pattern. The red range is where we look for sell/short positions. I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry I also specified the invalidation level, closing...
💎Paradisers, focus on SNX/USDT! It's currently oscillating within a defined trading zone and is gearing up for a potential downward shift. 💎If this breakout materializes as anticipated, brace yourselves for a rapid corrective phase. 💎The dual confirmed order blocks on the shorter time frame are worth noticing. These areas are likely landing spots for the SNX,...
Analyzing the options chain and the chart patterns of SNX TD SYNNEX Corporation prior to the earnings report this week, I would consider purchasing the 105usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $2.97. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
💎 Paradisers,heads up! A thrilling opportunity is emerging with #SNXUSDT as it is currently positioned in a demand zone and is gearing up for a bullish trajectory. 💎 After a prolonged period, SNX has regained bullish momentum, steadfastly holding strong support at $1.884. It is highly probable that the price will mitigate above supply, achieving our target -1 in...
Trade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March. Trend :...
Fundamental Analysis: Synthetix is in the process of constructing a decentralized liquidity provisioning protocol accessible for various purposes by any protocol. Its substantial liquidity and minimal fees act as the infrastructure for numerous exciting protocols on both the Optimism and Ethereum networks. A multitude of user-facing protocols within the Synthetix...
After hitting the red box above, which is an order block, it was rejected towards the bottom. I have marked another red box below, which is the new place to open sell/short positions. From the lower red box, we can move towards the targets to complete the waves. I also specified the invalidation level For risk management, please don't forget stop loss and...