NYSE:SNX broke through the support level and the ascending trendline. Decline to support level at $2.79 is expected to happen
Synthetix is not showing any kind of weakness, so we could expect it to start retracing in rectangle box i drawed starting from 5.00 price zone
💎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! :))
Long SNX in the short term as it breaks out of the long term down trend on the ETH/SNX pair. With alts like SOL and AVAX moving up in the 100s of % recently I wouldn't be surprised if SNX has a decent break and joins in some of the fun, thats if BTC keeps stable. NFA - just an idea
💎 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...
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...
💎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,...
💎 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...
Yello Paradisers, SNX Analysis: Bullish Breakout with Strong Volume 💎 SNX has successfully broken out of its descending channel pattern, backed by significant trading volume. 💎 Prior to this breakout, SNX tested a key support area twice. The first test led to a bounce and subsequent rejection at the supply level, followed by a gradual decline back to the key...
Synthetix (SNXUSD) is testing today both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) following a 6 day rise after a -42.20% decline from the July 14 High. Such a decline was last seen on the May 12 low, where the price rebounded like now but failed to close above the Resistance of the previous Lower High and dropped more to touch the Higher Lows...
Seems Like getting Ready To Continue Its Uptrend Already In Uptrend In Higher Tfs And Now Forming Falling Wedge In h8 Tf Incase Of Breakout Expecting Massive Bullish Impulse Incase Of Breakout Expecting 55 to 60% bullish Rally
$SXN is consolidating below the descending trendline. In case of the breakout, bullish movement to $2.37 is expected to happen.
NYSE:SNX broke through the resistance level and the descending trendline. Bullish movement to resistance level at $3.2 is expected to happen.
Recently, SNXUSDT price has finally managed to break out of a prolonged downtrend. We assume that the current local price consolidation outside of the downtrend is coming to an end. And the SNX price may have quite a bit of growth ahead. Take profit 1 - $3.55 (+25%) Take profit 2 - $3.85 (+35%) Take profit 3 - $4.40 (+55%) _____________________ Did you like our...
SNXUSD is haveing the strongest two week streak since July 25th 2022, whose High formed R2 (4.4450). The R/R in buying that deep into the bullish wave is not favorable as despite the R1 at 3.3900, the price has the 1W MA200 as its main Resistance, which has not allowed weekly candle closings above it for 11 months (since August 15th 2022). Consequently with the...