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SNXUSD

SNX / USDSNX has shown a strong performance over the past weeks. I'll be looking for confirmation around $7.5 - $7.8 range. This would potentially establish previous resistance as support (blue), this scenario also uses the alligator's jaw (green) as a pivot. If accompanied by volume, this factors have the potential to catapult SNX up to the $10 price target. As forecasted by the new developing channel (purple), the FIB retracement tool, and elliot waves. Holding the $7.5 support cluster is key for this scenario to play out. Otherwise, look for support within the original channel (blue). Using data to beat irrational markets by emotional players.
KRAKEN:SNXUSDLong
by cardonajuanc
SNX (Y20.P5.E1).Stalking a breakout tradeHi All, Another one I overlooked, was stalking it but lost focus. Hmm. Previous post link below. This does look like an inverse H and S and hence the 1st Target. MY THOUGHTS: If the weekly resistance stops it, then look to buying in at the level suggested if a pullback happens. If it does break, look for a retest on the weekly resistance before buying in. To go long, I would like to see a daily candle open and close above the weekly level. All the best, S.SAri Weekly chart..,bullish in structure. Should do well in ALT season. Possible scenarios PREVIOUS POST
Long
by ssari
2
✳️Synthetix Network/USDT (8/12) View + Trading Plan #SNX $SNXSNX is on a very strong recovery after falling from 5.5$ to 3.5$ and currently SNX is consolidating the 5-5.5$ zone as a springboard for a breakout to the 6.5$ zone and even the 9$ and 10$ zone this December However, if SNX is still rejected at 5.5$, it will correct to 4.5$ and then rebounds. The 4.5$ zone is the last support zone for this uptrend. 📈BUY- LONG -Buy: 5.5-5.75$ if A. SL if B 📉SELL-SHORT -Sell: 6.5-6.75$ if B. SL if A -Sell: 8.75-9$ if B. SL if A -Sell: 10-10.5$ if B. SL if A ♻️BACK-UP -Sell: 5.5-5.75$ if B. SL if A -Buy: 4.25-4.5$ if A. SL if B -Sell: 4.25-4.5$ if B. SL if A -Buy: 3.5-3.75$ if A. SL if B -Sell: 3.5-3.75$ if B. SL if A -Buy: 2.25-2.5$ if A. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
SushiSwap and Synthetix lead DeFi tokens in recovery The cryptocurrency market is in consolidation but SNX and SUSHI are flying the bullish flag high. Synthetix is poised for a 60% upswing above the ascending triangle pattern. The cryptocurrency market is awfully quiet since the week started. The weekend session saw some considerable movement, amid the push by the bulls to recover from the losses incurred last week. However, SushiSwap (SUSHI) and Synthetix (SNX) appear to have broken away from the rest to post the biggest double-digit gains among the top 50. SushiSwap breakout eyes $3 SUSHI/USD is up 13% in the last 24 hours. Recovery was significant after the dip to levels slightly under $2. An ascending parallel channel has come into the picture and even boosted the price action after the middle boundary resistance was broken. Meanwhile, SushiSwap is trading at $2.6 while dealing with the uphill battle of breaking above the channel's upper boundary. The Relative Strength Index seems to have reinforced the bullish outlook with its movement into the overbought region. SUSHI is likely to continue with the upward motion until the RSI starts to reverse due to overbought conditions. Synthetix rally is in the initial stages Synthetix has rallied over 16% in the last 24 hours. The decentralized finance token is trading at $5.45, as bulls push to sustain gains above the already broken x-axis of the ascending triangle pattern. The RSI is in tandem with the upward momentum, moving higher within the overbought region. If the breakout above the triangle is sustained, Synthetix could swing upwards by 60% to trade close to $10. For now, rising above the hurdle at $6 is key for the continuation of the uptrend. On the downside, a correction will seek refuge at $4.75, a region highlighted by the 50 SMA and the 200 SMA.
BINANCE:SNXUSDLong
by CoinGape
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. I appreciate your like or comment. Welcome to share your idea here. DISCLAIMER 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.
Long
by go8686
Synthetix about to go Supernova. SNXUSDOn the Binance chart, it just looks like have too many started fractals to count. I have confirmed pivot (blue line), so all this potential growth is that much more real. Yet, still in early stages confirmed by 1-2 1-2 patterns. I suppose my preliminary goals would by first W1max then FibExtensions at 1.4 then 1.6. Either way, strong evidence that we are going up on this one. Some preliminary targets are painted in in green, and invalidation in red as always. Good luck, traders - and remember nothing I ever say is financial advice. Do your own work and make up your own mind.
BINANCE:SNXUSDLong
by Rykin_Capital
✳️Synthetix Network/USDT (1/11) #SNX $SNX #SNXUSDTAfter breaking the Descending Triangle pattern, SNX is now heading to the 1.5$ zone. However, there is likely to be a significant buying force in the 2.5-2.75$ zone and we can believe in for target 3.5$. If the 1D candle closes above the 3.5-3.75$ zone, the SNX easily rises to the 5$ zone. 📈BUY- LONG Strategy - Buy: 2.5-2.75$. Stoploss if B 📉SELL-SHORT Strategy - Sell: 3.5-3.75$. Stoploss if A - Sell: 5-5.25$. Stoploss if A ♻️BACK-UP Plan - Sell close to 2.75-3$. Stoploss if A - Buy: 2.5-2.75$. Stoploss if B ❓Details: Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
4
Snx/usdt break support level soon ?Snx/usdt tested this strong support 4 times before And every time it touched it ...it give good bounce Now its the 5th time and i expect it will break the support this time as repeated test same support makes it weaker Also btc Dominance now is in increase and this one can do good profit in shorting Wait close below that level if looking for more confirmation and short when retest as a resistance Next potential support the can give some bounce is around 2.9$ - 2.7$
Short
by Babenski
6