Long term downtrend and accumulation range Looks ready to pop Could be volatility and still a few weeks waiting If crypto really is the next tech bubble then SNX going to be in the future magnificent 7 for sure Ascending triangle forming Bump and run breakout Right on Long term support NFA Good R:R
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
6 Months of strict downward channel trending followed by quite a significant break on the upside. We can detect 2 main levels where the price is likely to head toward, even our most pesimistic opinion puts gains at around 10% on SNX, our most optimistic views puts the gains nearer the 50% mark! Could be one to watch with both eyes here! 👀 If you enjoyed or...
another look lots of confluence for this to be a bottom out/ accumulate area weve got the og uptrendline from wicks in the 2018selloff kucoin eth listing price areas and initial resistance also 2018 rsi breaking downtrend for the 1st since december 2019 obv local breakout matches the downtrendbreakout 144% to nearest fib lvl just broke above 20ema 60% to the...
Confluence with the usd chart Long term seller exhaustion Obv broken downtrend Rsi broken range Bullish divergence playing out htf Network upgrade catalyst for reversal of trend
Chart is fairly straight-forward. I rounded up the S&R values to make it easier to reason about. So, what are we looking at? SNX has been in a steady downtrend vs ETH ever since March 2021. We can see somewhat of a fractal forming between the bottoming structure back in Feb-June 2020 and May-present. One important difference, of course, during the previous bull...
One of my biggest positions is Synthetix whileI hold hardly any Ethereum at the moment. The chart will show you why. Key is not to buy what performs well, but what has underperformed. When RSI breaks out, an early buy signal will occur and this is the time to up the ante.
SNX Vs ETH has been building major bullish divergence on the 1 day, 2 day, 3 day and the 1 weekly. In this chart we are looking at the bigger time frame on the weekly. The divergence is strong and should start moving very soon. My previous chart shows more profit taking zones. The link to this chart below, click to check it out. This trade is low risk with a...
Here in the chart we have Synthetix against the Etherium Price. As we can see SNX has paid a lot of respect to the 30000 level of Etherium. a hold there has 3x to the 90000 Eth level. If a move above 96000 comes and holds it as support another 3x is then possible at approximately 36000 Eth. If a close below the 30000 Eth level on a monthly chart happens, then a...
This trade alert has a potential of a 3,4,5 or up to 6x versus Ethereum. We are seeing a bullish divergence starting to playout on the RSI and a possible break out is due. Resistance and support are shown and can also be take profit zones as well. Thank you for looking.
Clear bottom and clear target on the chart
Very undervalued in my opinion, SNX is sure to shoot back up and seize record gains.
Hi,expecting some bounce from here.In the middle of daily chart I can see the light :) I am expecting some action here.RSI divergence if you wanna go technical.And RSI oversold.BUY :) Reward-sure thing,yeah. Lets ride!
Bottom reversal T/P = 54 m/a - 3956 sat or 0.01188 gwei S/L - 3187 sat R/R 4.32 ironically Weekly setup very telling, will post perspective soon! Happy Holy Days!!!
One of the stronger Alts this season, at a support
SNX Synthetix Network : Time to convert some ETH and to increase your bag After first implusion : consolidation waiting for a signal