looking like its about to fall off of a cliff with the rest of crypto as a whole. few levels lower marked. easily looks like another 50% drop. would be insanity if it falls to the lower levels, would certainly buy if theres anything left and we close that gap. cheers guys
This is a long term chart of SNX with a breakout around 1/17-1/30 2023 coinciding with the macro structure of the chart. Looks as though the bearish pattern has played out but there could another sell off as the head and shoulders is debatable on where you measure either it is -80% down or 87% which would be another large sell off in December. Since the Dxy has...
High Inflation, exorbitant fees, new releases always two weeks out. DAO members dumping monthly stipends (2000 SNX per month per member).
Do not be fooled, this project is going to zero. It is a science experiment, unfortunately with suckers' money.
The Synthetix Network token (SNXUSD) is having a very bullish day following the rebound on the June Support Zone. Being still restrained below two Lower High Resistances, April 01 2022 and May 18 2021, this is a short-term rebound that targets the 1D MA200 (orange trend-line).
However, having rebounded on the 1W RSI Support Zone, this bounce can be similar to the...
For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional...
After a 95% drop from its top, SNX formed with its fall the ABCDE waves and at the end of its E wave it still created a head and shoulder inverse shoulder with a target at $7.50.
An opportunity that can give us up to 150% profit.
This review is for study only, do your own review.
This analysis becomes invalid if BTC continues its decline.
Hello Traders!
SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began.
At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the...
Original projection from 16 July. Pretty big move based on those very igh daily volume spikes. Its never good to ignore large stopping volume like what we saw on the 16th.
Pretty nice positive gain for anyone who got in that low.
Starting to hit sell pressure so keep an eye on previous demand zones for a reversal. Plan accordingly.
SNX for the second time .... Test the trend if break the first Target is (( 3.76 )) Area now to continue under the Focus on the daily frame Good luck to all. Trade with care in the high-risk market.
SNX is ready for an upcoming uptrend!
On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout!
The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4).
You can set your profit target...
More large volum espikes into low prices sowing down downward progress of price. .looks lik ea very high amount of buying against the selling. Expecting a markup here.
One level at a time. Remember to always take some profits so you are net positive... if you want.
Seeing a falling wedge that started on 7/7
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Also, 12-hour candlestick chart shows a bearish reversal (3 bearish soldiers) followed by a doji touching the tip of the bottom bollinger (doji has a higher low than the end of the bearish soldiers)
Hello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn.
What we actually see on SNXUSD is an impulsive five-wave...
