Synthetix SNXUSDT - Bullish Head and Shoulders + Strong coin- Last 3 month we had a consolidation (Head and Shoulders pattern)
- Now we are breaking up to new all time highs
- Next target can be 1.618 fib extension (Around 14 USD)
- RSI looks great on the daily chart
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SNXBTC
What if SNX breaks through the Structure? Can we expect 100% Up?What if SNX breaks through the Structure?
SYMBOL: SNX,SNXUSD,SNXUSDT,SNXUSDTP,CRYPTOCURRENCY
Trade close manually when: the above ribbons turns Yellow or better Red.
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This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Synthetix SNXUSDT - Rectangle and bearish triangle- Looking terrible for this alt coin
- The price is currently moving sideways, forming this bearish rectangle - continuation pattern
- The price is below 2 trend lines, which is bad
- Expecting lower prices in short term
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Snx/usdt break support level soon ?Snx/usdt tested this strong support 4 times before
And every time it touched it ...it give good bounce
Now its the 5th time and i expect it will break the support this time as repeated test same support makes it weaker
Also btc Dominance now is in increase and this one can do good profit in shorting
Wait close below that level if looking for more confirmation and short when retest as a resistance
Next potential support the can give some bounce is around 2.9$ - 2.7$
Synthetix SNXUSDT - Descending triangle is breaking down!- Looking very bad for SNX coin right now
- The descending triangle is already broken, so we can expect much lower prices in the immediate short term
- You can profit by using futures market (short position)
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Synthetix SNXUSDT - descending triangleYou can short SNX on crypto futures market, if you want to profit from upcoming crash. There is an descending triangle, which is a bearish pattern. Also, the major trend line is broken and bulls could not defend the trend line.
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Fast chart of Synthetix vs BitcoinThe chart shows possible buy zones. Buy by the RSI not the price. The RSI anywhere from 35-30 is the best buy zone, but it doesn't mean it's going there. SNX previous run did a 7x in close to 5 months, it has a very big roll in DEFI and IMO one of the best DEFI coins you can buy. Also highlighted are the resistance and support lines on the RSI.
Buy and sell with indicators not the price.
Synthetix BTC pair forms picture perfect Cup&Handle + Inv H&SAlready above the inverse head and shoulders neckline here and it's measured move breakout target should take price action above the rimline of the cup and handle which is one of the more perfectly rounded cups I've seen in awhile. As always it's wisest to wait until the cup and handle breakout confirms here but probability looks to be favoring it slightly considering it already seems like the inv h&s seems to be confirming. *not financial advice*
✳️Synthetix Network Token [SNX/BTC] on August 29 #SNX $SNX #SNXBSNX is in an uptrend and has not increased strongly yet so we can expect it to happen in this turn.
The closest and quite safe target for profit taking is the 7000sts zone and if the SNX breaks out of this 7000sts, we will have a chance to sell in the 10000sts zone.
Private Idea :
SNX/BTC Double TopNotice the double top which has formed on the chart; with a lower second top indicating buyer exhaustion. Also notice the candle stick with a long wick to the down side also indicating a potential reversal. There is the potential for this thing to drop around 40% (Its had one hell of a run!). It might over shoot on the downside past that point if the selling is violent enough.
THIS IS NOT FINANCIAL ADVISE, ONLY ENTER AN INVESTMENT POSITION AT YOU OWN RISK; CRYPTO IS VOLATILE.