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SNX

SNX beautiful reason to 🚀🚀 🤑🤑SNX as begin a new uptrend. Reason For every upswing, it first HH(Higher High) forms a Support level for it next Upswing. You can notice in the image above And here is how: T1's high( resistance level ) forms T2's low( support level ) T2's high( resistance level ) forms T3's low( support level ) and finally T3's high( resistance level ) forms T4's low( support level ) but if it doesn't form its sure to bounce in between T2 and T3 high. But be always be sure to wait for a retest, for every trade you take. Remember your risk management. Finally Goodluck in your trade.
Long
by Ojomo
1
SNX/ETH : Make it or break it!Chart is fairly straight-forward. I rounded up the S&R values to make it easier to reason about. So, what are we looking at? SNX has been in a steady downtrend vs ETH ever since March 2021. We can see somewhat of a fractal forming between the bottoming structure back in Feb-June 2020 and May-present. One important difference, of course, during the previous bull run, SNX was bouncing from the 90-day EMA on daily, whereas now it's acting as resistance. Imo, SNX needs to break up by mid October as triangles usually are less likely to break out favourably the closer they are to the apex. What is the course of action? If you're a more cautious trader, you may want to wait for the diagonal resistance to break to the upside. SNX can be quite explosive, therefore be ready to buy the retest if one is given. For the more aggressive type, it may be time to get yourself into a position with a stop just under 0.003 (-10%) or 0.0028 (-16.5%) and wait for the breakout. This is a risky trade any way you look at it. Downside is considerable at -50% to the first proper support at 0.0015 ETH, not considering the USD devaluation that comes with it. Similarly, USD gains are expected higher. Keep that in mind. Targets TP1: 0.0064 (+91%) TP2: 0.017025 (+220%) TP3: 0.015 (+347%) Best of luck! PS: This is not financial advice.
by SenhorCoconut