Bearish still continue | Short BiasWeekly Chart
BINANCE:SNXUSDT has in Triangle Pattern that sign for massive move is coming so just wait a breakout
Chart 4H TF
BINANCE:SNXUSDT is trading at 1.95x and in correction phase to resistance around 2.0
Observe that level before you trade
Wait for next move
SNXUSDT
SNXUSDTBINANCE:SNXUSDT SHORT
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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Top Watch Alts💎 FLUX , HOP , SNX & WLDHi Traders, Investors and Speculators of Charts📈📉
I'm constantly on the lookout for projects with great potential. Microcaps often x10, x100 or even x1000 if you're lucky enough to catch them early AND take profits.
Today I'll share some projects I'm watching. You'll notice they all currently have great entry points, and are ideal for accumulating.
⭐ FLUX :
Flux is a blockchain-based platform that aims to provide decentralized computing services and blockchain-as-a-service solutions. It has its own operating system (FluxOS), wallet (Zelcore), and development program (FluxLabs).
FluxOS is a custom-built Linux operating system that is designed to be specifically optimized for running Flux nodes. It is lightweight and efficient, making it ideal for running on a variety of hardware platforms
Flux uses a native POW (proof-of-work) coin called FLUX to power its ecosystem. FLUX coin is mined via a proof-of-work (PoW) consensus mechanism and can be staked, bought, sold, and traded. Holding FLUX also enables you to run your own Flux Node on the network, meaning you can earn even more of the coin.
Flux is a very promising platform with a lot of potential. It is still under development, but it has already made significant progress. I believe that Flux has the potential to become a major player in the decentralized computing space.
⭐ HOP :
Hop is a multi-chain bridge that allows users to transfer assets between different Ethereum Layer 2 (L2) networks and Ethereum mainnet. It is a trustless bridge, which means that users do not need to trust any third party to keep their funds safe. Hop uses a novel approach to bridge liquidity between different networks, which allows for fast and cheap transfers.
Hop works by issuing a cross-chain Hop token that can be quickly and economically moved between L2s or claimed on layer-1 for its underlying asset. Automated Market Makers (AMMs) swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
Hop is a valuable tool for users who want to move their assets between different L2 networks or Ethereum mainnet. It is fast, cheap, and trustless, making it a great option for users who want to avoid the high fees and centralized nature of other bridges.
⭐ SNX :
Synthetix is a decentralized finance (DeFi) protocol that allows users to mint synthetic assets, which are tokens that track the price of an underlying asset. The underlying assets can be anything from fiat currencies to cryptocurrencies to commodities. Synthetix is built on the Ethereum blockchain and uses the Synthetix Network Token (SNX) as its native token.
To mint a synthetic asset, users must deposit SNX into a Synthetix smart contract. The amount of SNX deposited must be at least 750% of the value of the synthetic asset that is being minted. This is to ensure that there is always enough collateral to back the synthetic assets that are in circulation.
Once a synthetic asset is minted, it can be traded on the Synthetix decentralized exchange (DEX). The DEX is a permissionless exchange, which means that anyone can trade synthetic assets without having to go through a centralized exchange.
Synthetix is a powerful tool for traders who want to gain exposure to a wide variety of assets without having to actually own those assets. It is also a valuable tool for hedging against volatility in the cryptocurrency market.
⭐ WLD :
Worldcoin is a cryptocurrency project that aims to distribute free tokens to everyone in the world. The project is led by a team of scientists and engineers who believe that Worldcoin can help to create a more equitable and inclusive financial system. Worldcoin uses a novel approach to distributing tokens called the Orb. The Orb is a handheld device that uses eye scans to verify that users are real people. Once a user's identity has been verified, they are airdropped a small amount of Worldcoin tokens.
Worldcoin is a proof-of-stake cryptocurrency, which means that it is more energy-efficient than proof-of-work cryptocurrencies like Bitcoin. It has a total supply of 100 billion tokens and is currently in the process of conducting a pilot program in Kenya.
Worldcoin is still in its early stages of development, but it has the potential to be a major player in the cryptocurrency space. The project has a strong team with a proven track record, and it has the backing of a number of high-profile investors.
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CryptoCheck
Synthetix Network token SNX price starts a difficult upward moveRecently, SNXUSDT price has finally managed to break out of a prolonged downtrend.
We assume that the current local price consolidation outside of the downtrend is coming to an end. And the SNX price may have quite a bit of growth ahead.
Take profit 1 - $3.55 (+25%)
Take profit 2 - $3.85 (+35%)
Take profit 3 - $4.40 (+55%)
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SNXUSDTHello dear friends
✔️ The long-term downtrend line has been broken.
At the same time, we have a positive RSI divergence in the daily time frame.
✔️ The support range ($1,523) is well maintained.
❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us.
Considering that LL has not been formed on the downward trend, if a higher high is formed in the lower time frame, it can be a short-term confirmation.
What do you think?
SNXUSDTGood time friends, we are at your service with another analysis, this time #snx
⚡️ with 150% growth probability
We have provided you with the daily chart of this index; The pattern you see in the chart is called "Diagonal Reverse Header". This pattern is one of the strongest bullish patterns.
The yellow line also shows the possible movement and temporary corrections of this index.
You can see that the collar of this pattern is broken and it is a signal for buyers. Risk-taking people can enter the purchase now, and low-risk people can also wait for a pullback on the collar of this pattern.
The loss limit of this transaction is 2.47
Maximum profit 8.1
Risk to return 8
⚠️ Note that this transaction and analysis is intended for spot.
Be successful and profitable
Safe entry after defeating the blue boxConsidering that this currency has come out of its downward channel, the possibility of a growth of up to 34% for this currency is not far from expected, but the condition for entering a long position is to break the resistance range in the blue box.
But if we do not see a positive reaction to break this range, it is possible to return to the support price which is 17% lower.
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SNXUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 2.7 - 3.2 - 4
after first target reached move ur stop to breakeven
Stop: ~1.65 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
SNX Synthetix Triple BottomSNX (Synthetix) has recently formed a triple bottom pattern, indicating a potential bullish reversal in the near term. The triple bottom pattern is characterized by three successive lows at approximately the same level, followed by a potential breakout to the upside. This pattern often signifies a strong support level and can foreshadow a price rally.
Considering the formation of the triple bottom pattern, SNX may be poised for a potential price target of $2.40. This target represents the potential upside that could be achieved if the pattern plays out as anticipated.
Looking forward to read your opinion about it!
SNX is about to explode!Hello, everyone!
While CRYPTOCAP:BTC is in sideways it's time for altcoins to recover their prices. Yesterday my coin of the day was BIST:LINK , today is time for NYSE:SNX . In my opinion the increased Bitcoin dominance should be allocated to altcoins in the upcoming days/weeks.
Lets take a look at the SNXUSDT price chart. Like other altcoins this asset is showing the correction ABC is wave 4 of any degree. Waves A and B have been already finished in my opinion and now price is finishing the wave C. This wave is so imulsive which allows us to see some nice gains. Wave C usually consists of 5 Elliott waves cycle. I think that wave has just been finished. Of course wave 3 was not so large, but longer then wave 1. Wave 4 has still not overlapped the wave 1 top. It means that the main axiom has not been violated.
Wave 4 has the original target is zone between 0.38 and 0.5 Fibonacci retracement of the wave 3. Price has reached this level exactly. I decided also to apply the FibDiv trading strategy in conjunction with waves.
If price bounces from this Fibonacci zone we shoud wait the the next impulse (in our case wave 5) in the resistance area which is marked as the red box. Therefore, first target is located at $2. But taking in account that wave 3 was not extended wave 5 can be extended. In such cases we have the second target at -0.618 Fibonacci projection. Now it's located at $2.15. After this pump I expect new deep dive.
Best regards, Ivan
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SNX Just the other day u told me you were sorryGuys, snx hit take profit 2 on the super trend, then we had btc trouble so it negated the targets (which basically are the fib extension on the elliot wave, modified from hewhoshallnotbenamed)
However it is my experience, that the coin once it reforms support will go test the targets. So I gone LONG, cause well Ladys give me lots of $$$, may buy a new bicycle. I wonder if snx will hit all targets and I can get a scooter.
Stop adjusted to 2.10- leverage 10x- 20x. Please stop trading isolated above 10x, lol.