Already above the inverse head and shoulders neckline here and it's measured move breakout target should take price action above the rimline of the cup and handle which is one of the more perfectly rounded cups I've seen in awhile. As always it's wisest to wait until the cup and handle breakout confirms here but probability looks to be favoring it slightly...
Quite an insane run so far with no resistance above it could continue to go into price discovery and get really out of hand, however we have key areas marked where we may find support if a fall is to take place.
SNX is in an uptrend and has not increased strongly yet so we can expect it to happen in this turn.
The closest and quite safe target for profit taking is the 7000sts zone and if the SNX breaks out of this 7000sts, we will have a chance to sell in the 10000sts zone.
Private Idea :
Hi Members!
This is our new strategy for accumulate BTC,
Coin : SNX/BTC
Exchange: Binance
OCO Entry Zone: 0.00047 - 0.000485
Target 1 : 0.00054 (13%)
Target 2 : 0.00058 (21%)
Target 3 : 0.00065 (36%)
Target 4 : Raise your personal stop lost
OCO Stop Loss : 0.00040
Comments: This is our new strategy for accumulate BTC, we use Binance exchange for this...
Notice the double top which has formed on the chart; with a lower second top indicating buyer exhaustion. Also notice the candle stick with a long wick to the down side also indicating a potential reversal. There is the potential for this thing to drop around 40% (Its had one hell of a run!). It might over shoot on the downside past that point if the selling is...
SNX price has broken the Trendline and strongly closed below. In addition, a sell signal on Trendpeek indicator will be posted if price doesnot strongly bounce from here.
I guess party is over and it can drop 50-70% from here in no time.
SNX BTC
As you all know that we are in a alt bullish trend in these days, and my view is just like this
you can share your thoughts as a comment
thanks !
One more DeFi, looks more risky, than AMPL, but still.
4h descending wedge broke out, MACD lines crossing at the moment, stoch ready.
Got some at 3642, Stoploss at 3300
A "mini" Cup & Handle thingo seemed to play out hitting the 361.80% fib for an approximate +1000% gain.
A giant Cup & Handle thingo seems to have formed on much larger timeframe,
very similar in price and volume formation, will it play out for another +1000% gain?
All higher timeframe momentum oscillators also looking strong.
Lettuce pray for this...
![SNXBTC: ✳️Synthetix Network Token [SNX/BTC] on August 29 #SNX $SNX #SNXB](https://s3.tradingview.com/u/uBWcGR9L_mid.png "✳️Synthetix Network Token [SNX/BTC] on August 29 #SNX $SNX #SNXB")
