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SNX Layer2 Coming in HOT!The SNX updates are coming in fast & furious. Transition to Layer 2 is still underway and SIPs are being implemented. This current SIP is bringing "Shorting" capabilities to Layer 2. I love that SNX is still flailing around at the bargain price we see today. I'm telling my friends to pick up more if they have extra cash and store their SNX at Celsius Network to keep their count count growing (13.99% APY...ask for my referral code to get $50 worth of BTC). See the latest (dated today, 8 October, 2021) SNX blog update concerning this SIP scheduled for "early next week": blog.synthetix.io/the-sargas-release/
BINANCE:SNXUSDLong
by tg-l
Staking SNX? Don't! Get 13.99% plus $50! Referral 189218504dAre you staking your SNX? If you aren't, you might look at creating a Celsius Network account and transfer your SNX there and start getting 13.99% APY on your tokens. I started with 2771 tokens on 1 August. I now have 2828 tokens without ever having bought another token. I get more tokens every Monday without doing anything else. This morning, Celsius added 7.11 SNX to my account. That's 57 new tokens since 1 August, without the hassle of staking (validating or delegating)! Move your SNX to Celsius. This is not your normal exchange. It isn't even a typical Defi exchange. If you are going to hold SNX, why not earn 13.99% APY like I do at Celsius Network? They have a smartphone app. When you create your account, use my referral code that will earn us both $50 worth of BTC if you transfer at least $400 worth of SNX (or any other coin/token). They give the $50 after 30 days. Also, SNX is holding above its 20-day MA so far. Further encouragement to sit tight...or buy some if you haven't. ;) Here is my referral code if you decide to open a Celsius account: 189218504d
COINBASE:SNXUSDLong
by tg-l
SNX HodlingThis is not financial advice. This is simply what I am doing and why. I find SNX extremely attractive at $10 or below. I consider it on sale. As a derivatives platform, Synthetix Network has a very profitable idea. If they can pull it off, traders will be able to go to one place and trade without using paper moneys (using tokens to buy synths), to the long or short-side everything from Amazon stocks to Commodities to Crypto to FOREX trading (yes, trade in dollars, euros or yen without using fiat) without ever having to touch a standard banking or brokerage system. They have already pulled it off, but they are transitioning from layer 1 to layer 2 and keeping accurate pricing with zero slippage and token count across both layers is current priority. They look to be layer 2-only by early 2022. In the meantime, I have been hodling (holding) via Celsius Network for a 13.99% apy which I receive every Monday like clockwork. I started with 2771 tokens at the beginning of this August and already have 2814 tokens just for holding. Come Monday, I will have 2821. For a token that has such high potential once trading volume/adoption picks up on the Synthetix Network platform, I am making out like a successful bandit. Consider token scarcity...under 115 million circulating and just under twice that total supply potential. Prediction: I am fairly certain SNX will triple within 6 to 12 months even before high adoption rates. Yes, mark me as saying $30 is an easy target. That is the low hanging fruit. Trader adoption will take it far beyond that, but it won't fully hit until the transition to layer2 is complete. I expect to reap massive returns after that. It is still EARLY! Meanwhile, my tokens compound at almost 14% per year making my token count DOUBLE every five years. Einstein's eighth wonder at work! So, I am looking at triple multiplied by double compound gains in 5 years as conservative! On the high but realistic side, 10x to 20x...and I still get the doubling of that every 5 years with my no-brainer compounding, holding at Celsius. I hold there because there is none of the usual hassle associated with staking...no "validating or delegating." None! I have unbanked myself. Again, this is not financial advice. This IS what I am doing. Combining ideas to get the most risk averse bang for my token.
BINANCE:SNXUSDLong
by tg-l
3
Synthetix (SNX) Buy ZoneSynthetix (SNX) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium The Synthetix break above our white trend line resistance, and we’re reaching at least $7.89 and short term support retest before an upside continuation. -------------------- $SNX/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 5.555 - 6 TP 1 : 6.27 TP 2 : 6.623 TP 3 : 7.155 TP 4 : 7.89 TP 5 : 8.7 TP 6 : 9.56 TP 7 : 10.2 TP 8 : 11.4 Stop Loss : 4.91 *Maximum 2% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
SNX/USDT by CryptoTradersWWSNX is a project that has grabbed my attention. One of the reasons is that the price has returned to the value area low of the entire range, presenting an outstanding risk-to-reward scenario. In addition, we have a multi-month counter headline in play that must be broken in order to confirm a reversal. I'm looking for a reversal back up to $9, which is the 0.618 Fibonacci level for the last important high + range's point of control. <———————————————> Follow us on our socials for more! Thanks and happy trading :)
by CryptoTradersWW
SNX and the Chaikin Money FlowKnowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be interesting to watch knowing that BTC is King Crypto and will eventually rise to unimaginable price value... even from here. Here's to SNX continuing to mirror. It will eventually pay handsomely.
COINBASE:SNXUSDLong
by tg-l
SNX Finding a floor; The sky is the limitAs always, this is not financial advice. This is simply what I am doing. It looks like the recent bear action has been especially unkind to Synthetix Network Tokens (SNX). But today is starting to look like it is establishing a floor last seen in June. I am still long on SNX as I believe in the team, the platform, the idea of free trading of derivatives across a spectrum of asset classes without a broker, and the scarcity of the token. Whether it feels like we are winning right now or not, it is a winning combination. On a separate note: How can I be so calm when I entered my SNX position at $9.88? We are sitting below $6. My SNX token count has climbed to over 2,892 SNX. I have added almost 127 SNX tokens since 31 July 2021 when I moved my tokens to the Celsius Network. Every Monday, I receive an ever-increasing reward of SNX tokens in my account when they pay me a portion of the 13.99% APY interest. Yesterday, it was 7.275 SNX added. Next week, those tokens will be included when they count my interest up...and it will be just a little more than that 7.275. At this rate, my total token count doubles every 5 years. That is the power of compounding, baby! So, if you bought in higher, let your token chill at Celsius Network and start earning you some serious interest. The price will rebound and more. Because of the updates and launch to Synthetix mainnet, I expect January thru February to be an absolute parabolic run for SNX! If you don't own it yet, BUY some now!!! After all, it is a quality item at a severe discount. That is how you make real money! Sidenote: If you want my reference code to earn us both $50 worth of BTC for opening an account at Celsius, just ask me. TradingView does not want me advertising my referral code. Good Luck! --Garry ;)
BINANCE:SNXUSDLong
by tg-l
5
SNX/USDT possible bounce with 1:5 risk rewardSNX has entered its bearish trend breaking some important support zones. At the moment I expect it to bounce up to $9 and complete 'M' pattern. A good trade could be taken on trend line breakout. We see how price will react to first resistance at around $7.2. Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months. The worst that could happen - going for new ATLs (all time low). Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
Long
by poplach