Looking for a long trade after a break of CHoCH point. Trend is more than likely to continue in the HTF direction Initial Target: 8.20
Full disclosure: I am a long-term HODLer of compounding Synthetix Network Tokens (SNX). I firmly believe in the project and platform which is making an ever-increasing number of assets (crypto, FOREX, Commodities, Stocks, etc) available for decentralized trade (derivatives, futures, shorts, etc) without the traditional barriers and gatekeepers. With lower fees,...
Disclosure: I am a long-view SNX HODLer. This is not financial advice. This is simply my opinion and how I apply it to my own assets. 1 April 2022- My views on the current bullish SNX action: As SNX has blasted more than 100% up from its recent lows, it has now established $7 as its potential support level and it is nearing the next SUPER IMPORTANT resistance...
Full disclosure: I am a HODLer of the Synthetix Network Token (SNX). I transferred over 2700 tokens to Celsius Network on 31 July 2021 where I was receiving 13.99% APY at the time. They have since increased the yield to 14.05% APY, paying out every Monday like clockwork. Trade View will not allow me to advertise my referral code for Celsius here, but I do have one...
Today, 21 March 2022 Synthetix Network emailed out the following notification to followers of the project: "Perpetual Futures Launch" "It's been almost two years in the making, but our synthetic perpetual futures have finally launched. Now anyone with access to the internet can trade synthetic assets with 10x leverage. Want to trade? Head over to Kwenta's...
The move of wave A just flipped and placed. I think we should reach out to the 4.236 extension at least.
Forming weekly bullish cross after a long weekly downtrend i Don't know how much % up will it go but it will definitely sky rocket 🚀🚀
Just posting this fractal of the first major impulse wave stretched out to fit this new falling wedge pattern. Should be cool to see any confluence (providing the market stays bullish)
Quick snapshot today. I am liking the Chaikin Money Flow (CMF, the green line below) on the Binance SNX chart. It isn't as strong on the Coinbase SNX chart but it is getting there. We haven't seen this kind of positive money flow since a few months back when SNX popped to $15 or so. Let's hope that a replay is in the cards, but we will have to see if this holds...
Disclaimer: These are my observations and personal views on SNX. Full disclosure requires I tell you I am long SNX and see a high profit potential in this "derivatives" trading platform. Synthetix refers to these derivatives as "Synths." To actually trade, you need to go to Kwenta (kwenta dot io ). Now for the updates. As witnessed by the CMF (Chaikin Money Flow...
Yes, I wish I had bought more on the recent sub-$4 dip. I am still holding long term but volatility is still the price we pay for being early in an enormous opportunity. I remain optimistic. Why? 1. I still see the desire to put money into Synthetix every time the market calms down as witnessed by the recent uptrend in the CMF (Chaikin Money Flow) green line....
Although the fibonacci ratio of the Intermediate 3rd wave did not please me very much, I counted it as the 3rd wave. So we can start the 5th wave at any time. There may be another small bearish wave at the 4h count. But it has no effect on the overall count. If intermediate i.e. purple (1) intersects with intermediate (4), the count is invalid. In the 4h time...
Despite the Chaikin Money Flow (CMF green line below) demonstrating the monetary volume has been weak, SNX has been attempting to break-out upward through the $6 level. Meanwhile, I continue to earn almost 7.5 tokens every week without the risk or worry of staking at 14.05% on the Celsius Network. I have a Celsius referral code that will earn you and I both $50...
What Is Synthetix (SNX)? Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to...
Hello Traders! SNX underwent a full business cycle, the price corrected to 2020 values. The price found support near the level of $3.62 and the asset is in the accumulation phase. We can observe for purchases in the range of $3.62 - $4.10 and hold the position based on the correction of downward movement to the main selling zone of $11.50 - $13.50 It is...
Even as the Synthetix token (SNX) attempts to break above its 20-day MA stacking what could be a fifth green-candle day in a row, the project has been busy this year already. Here are the highlights from this month's Synthetix Blog and the announcement dates: 12 January 2022- (after partnering with the Graph to make major subgraph improvements) Synthetix...