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SNXUSDT

SNXUSDT (SYNTHETIX NETWORK TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SNXUSDT was bounded in the falling wedge (FW) pattern. - A falling wedge pattern is a reversal pattern. - A bullish pattern to be precise. - Price brokeout above the falling wedge's resistance. - The market is consolidating in a rectangular pattern. - This rectangular pattern consolidation is known as the accumulation phase (wyckoff method). - The accumulation phase is a pre uptrend phase (bullish build up). BUY ENTRY ⬆️ - Breakout above the accumulation phase horizontal resistance level. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). SETUP INVALIDATION ❌ - Breakdown below the accumulation phase horizontal support level. - This breakdown invalidation will probably lead to the retest of the falling wedge's support.
Long
by Chibuike_Odoh
1
SNX/USDT - Potential targets after the correctionHello, Traders! SNX corrected the downward movement from 14 February by more than 60%. Buyers were then forced to take a break. At the moment, the price is at the exit of the consolidation range of $16.39 to $21.80. The first altcoin moving upward is ETH, followed by Defi-assets. As a reminder, SNX is one of the foremost Defi projects in the cryptocurrency market. We can consider entering the position at the range of $20.70-21.80 Stop Loss shall be placed at $19.38 Targets will be: $23.16 $25.70 $28.94 Good luck and watch out for the market. P.S. This setup is intended for educational purposes only.
FTX:SNXUSDLong
by UnknownUnicorn10064030
Synthetix Network Token (SNX) - March 6Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if we can get support from 20.397-21.592 and climb above 23.984 points. In particular, it remains to be seen if it can rise along the uptrend line (2). With the volatility period starting around March 9th, we have to see what's going on. If you fall from the uptrend line (2), you need a short stop loss. If it falls between 12.026-13.222, a Stop Loss is required to preserve profit and loss. However, it may rise along the uptrend line (1), so careful trading is necessary. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
SNXUSDTIt's been 20 hours that SNX is getting rejected by that resistance. (As shown on chart) The middle Bollinger Band is rising to give a Dynamic Support to the price which might push it up to the TP1 and TP2. There's also a Static Support which I've pointed out on the chart, that can be a good push up for the price as well. If none of these supports can hold the price up or push it up, the price can fall to 20 areas or even less. Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
2
🆓Synthetix Network/USDT Analysis (26/2) #SNX $SNXSNX is having a strong recovery so I think it will reach 27$ soon or even 40$ zone in March. But buy it now is not a good idea, because it still have a possibility to retest 17$ zone in next days. 📈BUY -Buy: 16.5-17.5$. SL if B -Buy: 20.5-21.5$ if A. SL if B 📉SELL -Sell: 26-27.5$. SL if A -Sell: 38-40$. SL if A ♻️BACK-UP -Sell: 16.5-17.5$ if B. SL if A -Buy: 11-12$. 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
Synthetix Network Token (SNX) - February 25Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it can rise along the uptrend line (2) and rise above 20.397 points. If it falls, you need to make sure you get support at 16.809. If you go down from 16.809, you can touch 13.222, so you need to trade carefully. In order to turn into an uptrend, it must rise above 21.592 points. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend. On the CCI-Rc indicator, it remains to be seen if the CCI line touches 100 and rises to break above the EMA line. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
SNX Fast ScalpBuy Zones : - 24$ (Now) - 20% of your capital invest for this trade ----------------------------------------------------- Rebuy Zones : - Rebuy 22$ - 30% of your capital invest for this trade - Rebuy 20$ - 50% of your capital invest for this trade ----------------------------------------------------- Sell Zones : TP1 = 28 ATH TP2 = 32 TP3 = 38 ---------------------------------------------------- Stop : SL : 29.4 ---------------------------------------------------- Happy Tr4Ding !
KRAKEN:SNXUSDLong
by thecryer
21
Synthetix Network Token (SNX) - February 18Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if the volatility around February 18th (February 17th-19th) leads to a movement that deviates from the 21.592-26.376 range. In particular, we have to see if we can get support and climb at 23.984. If you fall from 23.984 point, you can touch 21.592 point, so you need to trade carefully. If it falls between 20.397-21.592, a short stop loss is required. On the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line. If the CCI line falls below 100 points, there is a possibility of a sharp decline. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
6
🆓Synthetix Network/USDT Analysis (14/2) #SNX $SNXSNX is continuing to increase with good volume so we can expect SNX to increase strongly in the next days to $36-38. However, I think it will take a few days to move sideways to accumulate more at $27 zone. 📈BUY -Buy: 26-27.5$ if A. SL if B 📉SELL -Sell: 36-38$. SL if A ♻️BACK-UP -Sell: 26-27.5$ if B. SL if A -Buy: 20.5-21.5$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
1