#Synthetix #SNX 4H Chart Analysis#Synthetix #SNX 4H Chart Analysis
Analysis based on RD+ divergence formation, valid channel formation, and triangle formation
targets:
1- 11.8$
2- 12.9$
3- 14.1$
stop loss: 9.2$
time: 3D-2W
SNXUSD
SNX/USDT can reach 22$!Hi every one
SNX / TETHERUS
SNX/USDT is ranging in a Big Ascending Triangle! this means The Price can Increase as much as the Measured Price Movement!(AB=CD) but the break out has not happened yet so there are no confirmations! and if you take a Closer look you can see a Hidden Bullish Divergence (+HD) on MACD indicator! since Indicators show the Future of the Market we can expect a Bullish Movement to happen soon! If SNX manages to break the resistance (Top Line of the Triangle) we can expect the Price to reach 22$!
summery:
-SNX is In an ascending Triangle
-If the break out happens it's Gonna Reach 22$!
-(+HD) on MACD
-No break out,No confirmation!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
SNX sugar....SNX is another coin that has not pumped in the recently rally, we think the bullishness for the entire crypto space will spread like wild fire and it's only a matter of time it reaches the SNX camp.
BULL CASE
Price may find immediate rally from, blast past it and find consolidation well above the 200MA near the $20 levels.
BEAR CASE
In the event price dumps from here, we think the immediate support at 11.2 will hold and it rallies into the bullish Q4 of 2021.
SNXUSDT will go up soon!SNXUSDT will up up soon
you can buy in this price (11.35) and wait until it goes to 13-14 and maybe 15 and so on
Stoploss point is 10.50
SNX/USDT UpdateMarket Cap $2,116,653,547
24 Hour Trading Vol $114,309,742
Fully Diluted Valuation $2,859,320,550
Total Value Locked (TVL) $2,097,098,088
Fully Diluted Valuation / TVL Ratio 1.37
Market Cap / TVL Ratio 1.01
Circulating Supply 172,443,028
Total Supply 232,947,851
Max Supply 232,947,851
Another Viewpoint!!Continuing on my previous chart, presenting another viewpoint for you to consider. you can find the other charts below.
Hold Tight!!!Continuing on my previously published idea when SNX was $7-8 around a month back. We are going to see the next bull wave in SNX which should take it to >$60 if BTC and ETH continues the uptrend. Great setup with great Risk/Reward and technical indicators pointing to it.
SNX/USDT BUY SIGNALThis might be the final strong upside wave for snx and many other altcoins, before we experience a hard pullback.
Bullish divergence?On the 4 hour chart we have a bullish divergence on the RSI. All things considered I think that SNX is ready to break out. If Bitcoin holds the 21 week MA, I’m very bullish.
SNXUSD on a weekly supportSNX looking strong after bouncing twice from a weekly support at 7.30$ a +200% would be made entering and holding from here. This is not financial advice.
SNXUSDT Channel Breakout!SNXUSDT Technical analysis Update
SNX/USDT currently trading at $10.55
Channel breakout
Buy level : $10.45 -$10.60
Stop loss: $10.10
TP1: $11.15
TP2: $12.00
TP3: $12.50
TP4: $13.00
Max Leverage 2x
Always keep Stop loss
Massive Double Bullish DivergenceJust wanted to point out the giant double bullish divergence on the SNX weekly chart. I think triple digits are possible before next summer. Good luck everyone.
SNX Rounded PatternSNX has formed a large rounded pattern
with two smaller rounded formations
Price will likely breakout and continue upwards within the parallel lines, forming a channel. Or it may just explode to the upside and create new highs
Rounded formations / tops almost always result in large bullish movements, and we have three of them !
Synthetix: Completed a leading diagonal (short-term view)Synthetix completed a leading diagonal made of 3-3-3-3-3 today with its price reaching 8.95 . I sold my position and I'm going to wait for the price to fall back, perhaps in the yellow zone that I identified, which corresponds to Fibonacci levels.
SNX long setup fires on bullish retestSynthetics (SNX) has shown the most strength off the recent lows out of almost any other DeFi charts we can find
- Big volume coming in after a tag of weekly support
- Confirmed bullish market structure on the daily
- Pull back into the local reload zone, completing the Wyckoff Check of the breakout point
Whatever Bitcoin decides to do here... This is a setup that's hard for us to pass on..
Long and strong. Risking to lows. Hunting a free position, selling half on a double up around the Fib extension/short RLZ
SNXWaiting for #SNX to fix above the key level before confirming breakout from the falling wedge ✨
CALL OF CRYPTO
SNX Microgain to $8.7 USD. Get on that L2 Optimism. $10 by EOW.Very bullish on SNX. Great team. Staking on L2 is stable and worthwhile. Get on those micro gains before midweek. Buckle up for EOW boost and beyond.
Synthetix: readjusting the short-term count slightlyI was surprised that Synthetix rallied so much over the week end, that the sub-wave B is much longer than I expected so I readjusted the count to match what the price has done. Now I think there are higher odds that price falls to the 50% Fibonacci retracement than the 61.8%. In other words, Synthetix is bearish in the short-term but very bullish in the long-term and the upcoming dip seems like a great entry point.
