Added another cryptocurrency to my long-term portfolio.
SNX is a cryptocurrency that powers the Synthetix protocol. Synthetix protocol enables trading synthetic assets on Ethereum. Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain.
RSI and MACD are showing signs that bulls are...
Synthetix (SNX) - Daily Log Chart
A Protocol For Trading Synthetic Assets On Ethereum.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an...
Trying to outperform the main Crypto during the bull run is very risky. Unless it is with another Cryptocurrency with solid fundamentals near huge demand zone.
as we can see the price has fallen to the trend line and has some good chances of getting bounced from the Retracement and support zones
targets are the same as the past analysis
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We have to see if we can get support and climb at 16.809.
As such, we need to see if there is any movement to move sideways at 16.809 or break off the downtrend...
Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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You should watch for any movement that deviates from the 16.809-20.397 section.
It remains to be seen if the volatility around March 23rd (March 22-24) increases...
We are on support for DeFi perpetual futures vs Bitcoin. We could either see Bitcoin enter a further sideways consolidation/correction, or DeFi is going to appreciate even faster than BTC vs. the $. Either way, it is time to accumulate your favourite DeFi projects.
1. Enter your favourite DeFi projects along this support zone
2. As long as BTC is stable, and with...
Hello Traders,
In reviewing my Analysis of SNX, I realized that there in a confluence of the MM Series Long and the ATWHWB long. In my trading style, I always prefer to use the ATWHWB given that price triggers the entries.
I'll link the previous chart so hopefully some of you will see the difference.
Happy Trading, always manage risk.
Quality in trading is...
Just updating from previous SNX post
The low was broken but the setup remains valid. The Correction Channel also looks good.
Check chart for key levels.
Happy trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
Hello Traders!
SNX looks so ready to pop with how price action has been forming! If this Micro Long ends up holding, this thing could turn into a beast of a move, but I'll always let price do the talking.
Of course, we always need to be aware of the Opposing setups that could send us lower. If the Micro Long reaches target, that Short will obviously be taken...
Synthetix ascending triangle - Bullish.
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Easy money: $30 (Psychological resistance: $30, TA resistance: $32)
Midterm target : $100
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Do your own research.
Enjoy!
This is not financial advice.
SNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels.
Note 2 scenarios could...
Very big potential coin, if you want to compare it with similar project, it's same as SNX Synthetix.
Gains on this coin could be spectacular. So trade it or Hodl it, your decision.
- Buy around 0.33-0.3$
- Sell before 1$
- No need stop loss imo
What is Hegic ?
Hegic is described to be an on-chain peer-to-pool options trading protocol built on Ethereum. It is...
SNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels.
Note 2 scenarios could...
Synthetix Network is recovering and about to resume the uptrend if manages to hold above 100EMA and ascending TL.
Current Price= 20.097
Buy Entry= 20.119 - 19.793
Take Profit= 21.773 | 22.904 | 24.234
Stop Loss= 18.699
Risk/Reward= 1:1.45 | 1:2.35 | 1:3.4
Expected Profit= +27.33% | +44.31% | +64.32%
Possible Loss= -18.90%
Fib. Retracement= 1.272 | 1.618 |...
SNX is having a strong recovery so I think it will reach 27$ soon or even 40$ zone in March. But buy it now is not a good idea, because it still have a possibility to retest 17$ zone in next days.
📈BUY
-Buy: 16.5-17.5$. SL if B
-Buy: 20.5-21.5$ if A. SL if B
📉SELL
-Sell: 26-27.5$. SL if A
-Sell: 38-40$. SL if A
♻️BACK-UP
-Sell: 16.5-17.5$ if B. SL if A
-Buy:...
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Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
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It remains to be seen if it can rise along the uptrend line (2) and rise above 20.397 points.
If it falls, you need to make sure you get...
SNX/USD may be in a Livermore Accumulation Cylinder
(just getting in to this technique, if anyone can
link me to the best Livermore Cylinder learning
material that would be greatly appreciated.)
We see the trend being respected on both diagonals.
Jesse Livermore traded by the rule as well to
determine whether he was on the right side of a
bullish trade,...
