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...
Synthetix / SNXUSD crossed today over not just the 4 month Channel Down but also the 1 year Falling Resistance (since the July 28th 2022 High) and the 1day MA200.
That is the strongest break out buy signal we could get on the medium term as despite stopping at Resistance A, it is repeating the rise of January, which after getting the 1day RSI overbought, it...
SNXUSD hit today a triple Resistance Zone, the top of its 3 month Channel Down, the MA100 and the MA200 (1d).
Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising...
For some reason TV allows "4" but not "four" due to language restrictions...
Anyhow BTC appears to have printed the next trading range with this recent dump.
And may coins have had very sharp pull backs and so I've been buying my favourite coins in this area.
We're potentially into the next wave up now and some coins are coming to life whereas others are...
SNXUSD crossed over the Bear market's Falling Resistance for the 2nd time this month on a clear long term bullish signal.
It is already 3 weeks after the Golden Cross (1d) formation.
Trading Plan:
1. Buy on the current market price.
Targets:
1. All Fibinacci retracement levels on by one up to 9.000 (Fibonacci 0.618, the Golden ratio).
Tips:
1. The MACD (1d) is...
SNXUSD is creating a head and shoulders pattern.
If it breaks down, we will see 30 % drop.
Target: 1,65 usd would be a potential higher low .
Entry: breakout of the neckline
Stop loss: 2,918
SNX is really nice chart of movement of price
It is good for long & short term
Long term 1000% target with this price. Time of target(2024 - 2025).
Short term 100% - 200% with this price. Time of target (2023).
What is your chart analysis 🙂
I've been watching this parabolic cryptocurrency rally since $16,500 / BTC. SNX has the fastest legs. Other high-quality cryptocurrencies include Litecoin, Ethereum, Dogecoin, Monero, Bitcoin Cash, and Polygon.
It was just 2 months ago when we called for a short-term bullish move on Synthetix (SNXUSD) and projected a major break-out in January 2023:
The projection was modelled out of the Lower High legs of the Bear Cycle since May 18 2021. All three fractals pointed to a break of the May 2021 Lower Highs trend-line by the end of January 2023, with the one that has...
SNX is one among many alts currently in redistribution patterns after Bitcoin's last pullback. Supply volume is entering in the vertical bars as the PA attempts to cut through microtrend support. Will it continue to pullback or will it correct back into the wedge, it remains to be seen. I still hold a bearish bias & I'm expecting an eventual mitigation at 1.50 USD...
