SNXUSDT
SNX ANALYSISHere's a quick look a t SNX 1D chart. As we can see, the price has been showing to break a trend line a nd make retest to it.
7.225-7.6$ work as heavy resistance and w e need to breakout this.
Definitely one to keep an eye on .
The best entry at Support level also on trend support and after breakout and retest.
targets
7.33$
7.6$
8.5$
8.9$
10.29$
11.1$
keep holding it
SNX show huge pump anytime as shown before
thank you
SNX/USDT by CryptoTradersWWSNX is a project that has grabbed my attention.
One of the reasons is that the price has returned to the value area low of the entire range, presenting an outstanding risk-to-reward scenario.
In addition, we have a multi-month counter headline in play that must be broken in order to confirm a reversal.
I'm looking for a reversal back up to $9, which is the 0.618 Fibonacci level for the last important high + range's point of control.
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SNX/USDT possible bounce with 1:5 risk rewardSNX has entered its bearish trend breaking some important support zones.
At the moment I expect it to bounce up to $9 and complete 'M' pattern.
A good trade could be taken on trend line breakout.
We see how price will react to first resistance at around $7.2.
Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.
The worst that could happen - going for new ATLs (all time low).
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SNX above long term support#SNX/USDT
$SNX is trading inside long term support zone, hold above this support can increase price to break out from descending resistance, and head up toward resistance zone. in long term price can reach $35 and even $43.
break down from current support will drop price to $2.9 and much more lower.
SNX Synthetix: HUGE Head & ShouldersHello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix ( SNXUSD ), an altcoin cryptocurrency.
#CryptoPickk notes the following:
1) Synthetix price has been falling since February 2021 when it met the all time high.
2) The price is around a crucial Fibonacci Retracement level of 0.786 at around $6.85-$7.00.
3) Along with the price dropping, it has formed a Head and Shoulders Pattern as shown in the chart. This is a bearish pattern. The biggest concern is the Head and Shoulders Pattern can be seen in multiple timeframes and the price has shown no level of reversal.
4) If the price breaks down and does not recover, there may be a sizable drop.
5) Though the charts show one thing, anything is possible as the Decentralized Finance space in cryptocurrencies is very strong.
6) Be cautious until there is a clear sign of where the price action will go.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
SNX/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX/USDT is making bullish falling wedge pattern Broke out the support level and retesting it and RSI is making some bullish divergence moves.
Entry: ACCUMULATE BETWEEN $7.73 TO $7.57
Targets:
$ 8.38
$ 9
$ 9.7
$ 10.8
Stop Loss: BROKE OUT AND CLOSE DOWN SIDE THE IMPORTANT SUPPORT LINE
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SNX/USDT 4HOUR UPDATEWelcome to this quick SNX/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-SNX/USDT price is moving in a falling wedge pattern and It needs to breakout the current support and trend reversal for a clear uptrend.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $7.38
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
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SNX FALLING WEDGE DAILYSNXUSDT ( Daily Chart ) - Technical Analysis
Entry : 7.2 - 7.7
TP 1: 8.40
TP 2: 9.60
TP 3: 10.90
TP 4: 13.00
TP 5: 15.00
Stoploss : 6.1
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
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