Hello, fellow traders and blockchain enthusiasts! Today, I'm diving deep into the undercurrents of the crypto sea to fish out a gem—Synthetix (SNX). But before we set sail, let’s anchor down on some recent trends and data analytics that signal a wave of potential profits! 🌊💸
Current Landscape and Analyst Insights on Synthetix (SNX)
Recently, Synthetix has been...
Pretty clean chart for $SNX.
- years of wyckoff accumulation
- higher lows
- riding weekly MAs
in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming...
This token exhibits a rather intriguing default behavior; working with it may indeed be more predictable.
I'm keeping an eye on the breakout in the green zone, which could be a sign of a trend change in this asset.
👋Hi, I hope you have a Great Weekend🥳.
📈Today, I want to share with you an analysis of the Synthetix(SNX) project , which can increase the price by more than 🚀➕20%🚀 in the short-term .
📚 What Is Synthetix (SNX)❗️❓
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity...
Synthetix is preparing for a Parabolic move in the next few weeks.
The CM ULTIMATE MA MTF on the weekly chart shows a very a clear and distinct pattern. Once it turns green from red the move that follows is fairly substantial. Price action is still fairly low in SNX while the the ULTIMATE MA has already turned green.
Down below we have the RSI and it is around...
SNX is showing a clear bullish accumulation structure.
After breaking above resistance and confirming it as support our next real target is 7.7 dollars.
The chart is really simple, and I wouldn't enter a leveraged long here. However, if you have a long term goal of holding certain tokens this one has tremendous upside and looks incredibly bullish.
I'll see you...
Hi Traders
SNXUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 4.53 after the market found support at 3.93. Only the downward break of 3.93 would cancel the bullish scenario.
Trade details
Entry: 4.53
Stop loss: 3.93
Take profit 1: 5.65
Take profit 2: 6.72
Score: 8
Strategy: Bullish wave We2
Range Breakout Rally Potential: SNX (Synthetix) price action hints at a range breakout rally that could lead to a significant trend reversal.
Challenging 23.60% Fibonacci Retracement: The coin is challenging the 23.60% Fibonacci retracement level, indicating a possible bullish breakout.
Target of Surpassing $4.29: Crossing the $4.29 mark could propel the...
SNX has been trading in this accumulation range for more than 500 days now, but I am sure this will come to an end coming days.
First step would be a weekly candle close above the range highs. Think we will see a strong push towards 5$ after that.
Stay safe!
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
Taking High to the low and adding Chaos PRZ gives us a pretty crazy price target. Chaos PRZ were getting hit left and right last two cycle, let's see if we can get there this time.
Not financial advice
All charts are made on current market conditions.
Things of note:
Stop loss 1.75
Holding 1.47 even on the pullbacks is what will count long term.
If you notice the window from the start of this token .
That was a 420% box.
We can apply that same metric from the low of 1.47 to determine a top
That numbers resides roughly at 8.00.
Concerning...
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...
It is pretty obvious already what is happening here. Had this one early on in my list for today but by the time I came to writing the breakout had already taken place... Never mind, there is room for additional growth.
Synthetix (SNXUSD) closed above EMA50 yesterday and is growing above this level today.
Strong higher low short- and mid-term, as well as a...
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...
This is what I am seeing, I can be embarrassingly wrong but I will have some courage and share my opinion with you anyway, even though it can fail badly still, no risk no glory; let's trade.
You know when you have your eyes on a pair knowing that it is set to grow and it suddenly crashes. You make a mental note to look back once support hits but somehow you...
