SNX
$SNX - SPOT UPDATEPosition update on twitter can not be shared, since this is a new channel. Please check Coin_Analyst on twitter. You can find the update.
$SNX has been one of the good trades from the last few weeks.
The group entry is up by +51% 💰💰💰💰
Only 5% shy of our target.
SIGNAL DATE
SNX x BTC
E: 0.0003526 , 0.00040330
T: 0.0006250
SL: 0.000336
PS:If you have any coin requests, comment on this idea. I will analyse your suggestions and publish them on tradingview.
Every. Target. Met...in less than 24 hours. Not much to say other than refer to my previous analysis on this coin less than 24 hours ago.
Some of you may be thinking..."well, a broken clock is right twice a day, what does 1 successful trade mean?"
My response?
Stay tuned to find out if I am a broken clock or not ;)
Happy trading! More trade ideas to come.
SNX/BTC Weekly vs Daily Charts: Bullish Cloud, Looking to EMA'sA viewer requested a look at the SNX chart. Shown here, the weekly chart on the left and daily chart on the right. The weekly chart shows us an inside bar forming, giving us some good price ranges to be focused on. I'd be hunting for a long entry on a weekly EMA retest.
To get a little more aggressive, I look for longs on the daily EMA supports. The daily chart shows a bullish kumo twist along with price breaking above the cloud. This signal printed several days ago and was a great clue to get in before the USDT chart printed all time highs. It looks like this printed around the same time that the daily ETH/BTC and AAVE/BTC charts printed kumo twists too.
Given the daily ichimoku cloud strength here, I'd lean toward a more aggressive strategy in making an entry while still setting stop loss levels below weekly supports.
SNXBTC_Daily Let it cross up the 51,500 Satoshi for risk averse investors; then enter!
**************************************
Price : 49,934 Sat
Entry LVL: 50,000-51,500 Sat
Resistance Zone: 49,700-51,000 Sat
Expected Return: 20%
Reward/Risk: 1.4
TP_LVL I: 57,000 Sat
TP_LVL II: 61,500 Sat
SL: 42,000 Sat
**************************************
SNX.x is ready to rip technically and fundamentally.Snx.x looks ready to rip with a local top around $20 in the next 5 days. This price target remains heavily dependent on bitcoin holding support at 32k.(likely)
GEMINI:SNXUSD
blog.synthetix.io blog.synthetix.io
Is SNX the STRONGEST DeFi Project?We might see SNX correcting to 0.5 or 0.618 of this bull leg before advancing to $24-35 which is 1.618 to 2.618 fib levels.
In my opinion SNX is primed to be the number 1. DeFi project just because investors can trade derivatives (multi-trillion to unknown overall market value, possibly quadrillion)
Remeber, current DeFi market cap is (ONLY) 33.2 Billion dollars. Recently, Mark Cuban who admitted he holds crypto said that DeFi is going to disrupt the whole financial space and market.
The rocket has been launched.
Synthetix SNXUSDT uptrend channel targetsHi guys,
SNX is one of the best coins to trade recently, posting some serious gains. It is now flirting with the lower boundary of the uptrend channel on the 4-h chart. It is a good opportunity to add some coins to the positions.
Targets in green
Resistance in red
Stop at the 50-day EMA
Regards
SNX - Now staking is live on Optimistic L2 (Big)One of the most promising DeFi blue chip for me.
Synthetix staking is live on Optimistic L2 mainnet ! Big news, I expect #SNX to continue its bull hike.
It's in price discovery zone, so hard to establish a target. Holding spot & leverage position.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
$SNX/BTC 90m (Binance Spot) Falling wedge breakoutSynthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back.
Also, 100EMA seems to be acting as support now, that's why entry zone is down there!
Current Price= 0.0004010
Buy Entry= 0.0003915 - 0.0003813
Take Profit= 0.0004074 | 0.0004341 | 0.0004540
Stop Loss= 0.0003653
Risk/Reward= 1:1 | 1:2.26 | 1:3.2
Expected Profit= +5.43% | +12.34% | +17.49%
Possible Loss= -5.46%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 120h