Finding SNX PullbackSNX still holding trendline in mid time frame
But if it cant hold we must see price is around 2.3
SNXUSDT trade ideas
#SNX/USDT
#SNX
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $2.50 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.60
First goal 3.26
The second goal is 3.60
The third goal is 4.20
TRADE SNX...Hello friends
According to the upward trend, it is expected that the specified range is a good range for buying, the loss limit and the profit limit are also specified.
This analysis is only reviewed from a technical point of view.
Don't forget capital management, friends.
SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update
BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days.
Buy zone : Below $1.77
Stop loss : $1.50
Take Profit 1: $1.99
Take Profit 2: $2.40
Take Profit 3: $3.30
Thank You
Hexa🧘♀️
#SNX. Great entry point and upside potential. 11/21/24Synthetix Network Token (SNX) is an Ethereum-based token powering the decentralized protocol for issuing synthetic assets, Synthetix.
Synthetic assets are created when SNX token holders provide them as collateral using Mintr, a decentralized application for interacting with Synthetix contracts.
Currently, the protocol supports synthetic fiat currencies, cryptocurrencies, and commodities.
The situation is similar to #DYDX. The token is in a sideways trend and near the lower boundary. Buying at current levels up to $1.22 is a reasonable idea for spot trading. The nearest target is $3.144. On spot, you can easily achieve at least a 2x return.
Synthetix (SNX)Synthetix is a decentralized liquidity pool provision protocol where users can borrow liquidity at low fees. Anyway, after a huge rise, SNX has been in a downtrend for a while. Recently, SNX broke the downtrend line as well as the minor one. Let's see how far SNX can go.
SNX buy setup (12H)SNX seems bullish. We have iCH on the chart and important trigger lines have been broken and it has stabilized on the upper orderblock range.
By keeping the last OB, you can move towards the targets.
Closing the daily candle below the invalidation level will violate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Synthetix (SNXUSDT) Ready 4 Long-Term GrowthHello my fellow traders,
For SNXUSDT (Synthetix), the All-Time Low was hit in August 2024. After this low, we have three months of accumulation and a bullish breakout is starting to develop now. What makes this breakout different to past instances is the fact that it is supported by rising volume and Bitcoin hitting a new All-Time High. Many Altcoins are also breaking out right now with two and three digits green. What one does, the rest follows.
This is all good news. Notice how SNXUSDT is trading really low, specially when compared to many other Altcoins. This is good. Low means low risk on a drop and huge potential for growth on a rise. Catching the bottom means that the possibility exist to enjoy the entire bullish cycle on this pair. We are looking at bottom prices.
The purple line on the chart is the previous ATL, December 2022. Seeing SNXUSDT moving above this line makes this pair ultra-bullish.
The targets on the chart are conservative targets. These are good targets but below the ATH which sits at $28. Knowing what is coming for Cryptocurrency in 2025 and beyond, massive growth, we can expect a new ATH to hit here and all across. Patience is key. We buy and hold.
While things are about to become really exciting, it will still take months and months to enjoy massive growth. At this point what is important is to buy hold and develop a plan. How to maximize profits on the way up? When to sell and by how much?
When one pair is sold, a new one is bought.
When one pair rises, we sell and look for the ones that are still trading low.
We keep on repeating this over and over until the bull-market runs its course. We can also diversify or we can hold long-term.
There are many ways to approach the market, what you choose depends on you; your trading style, your capital, your goals, your risk tolerance and so on.
We have leveraged trading as well as margin and spot. It is always good to diversify. Only a small portion with leverage because of the higher risk. The bigger portion should be spot, that's the sure way to win.
No margin, no leverage, no risk.
Thanks a lot for your support.
I'll you see on the next one.
We are here long-term.
Thank you for reading.
Namaste.
SNXUSDTSNX ~ 1W
#SNX If you still have Conviction on the coin,. This is a great support block to start buying again. at least for 20%++
Synthetix New All-Time Low On Falling Wedge (222% BU-Pot.)Hello my fellow traders, here we have another highly interesting chart.
Synthetix (SNXUSDT) just hit a new all-time low, breaking its December 2022 bottom and hitting the lowest price in its history... This can be good.
A reversal can easily follow after a strong crash and we have some signals in support of this statement.
1) We have a bullish harmonic pattern coupled with a strong, almost perfect, falling wedge. While there is always the possibility of one more low, one more crash, a sudden flash crash; the truth is that growth can also start without warning and this is the tricky part about the cryptocurrency/altcoins market.
It can take weeks or months for a bullish wave to develop but at other times massive growth can happen in a matter of days; no warning. The patterns and indicators can alert of the event but not the exact timing as to when. We can easily predict the direction but not the date.
2) The classic rounded bottom is also present and the current session is green. More than this small rounded bottom, which is weak due to its small size; we can see SNXUSDT trading back above its December 2022 low support. And that's the main and most important signal.
If it trades above this level we can assume that additional growth is possible.
Confirmation is needed and this only happens once the session closes.
These are early signals, but the potential is good for a bullish jump.
Remember to do your own research and planning.
Your support is highly appreciated.
Namaste.
Buy Trade Strategy for SNX: Leveraging Synthetic Asset InnovatioDescrizione:
This trading idea focuses on SNX (Synthetix), a leading cryptocurrency in the DeFi space, enabling the creation of synthetic assets that track the value of real-world assets like fiat currencies, commodities, and stocks. SNX has established itself as a critical protocol in the decentralized finance ecosystem, offering users a unique way to gain exposure to various assets without holding the underlying asset. With continuous updates, partnerships, and a strong development community, SNX holds significant potential for long-term growth as the DeFi market expands.
However, it’s important to note that cryptocurrencies, including SNX, are highly volatile, and external factors such as regulation changes, market sentiment, and technological advancements can impact prices dramatically.
Disclaimer:
This idea is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly speculative, and trading them involves substantial risks, including the potential loss of capital. Always conduct your own research, assess your financial position, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SNX looks ready tooLot of great setups on the market now... lot of super bullish structures and SNX is one of them.PA and TA is pure bullish. Target red MA. GL. If you have any questions, let me know in comments.
NOT A FINANCIAL ADVICE + MANAGE YOUR RISK AND USE STOPLOSS
SNX/USDTThis week we will have CPI news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
possible entry's for a longtradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX.
There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above.
Role: Reversal
Expected trend: Bullish
Previous tren: Bearish
Reliability: Moderate
Pattern: Triangle
According to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing.
Target price
The basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.
SNX/USDT PLAN The SNX/USDT breakout and retest have been confirmed on 6h time-frame, and it’s encountering slight resistance on the 4-hour timeframe. I expect another breakout soon, with the next target above $2. Not financial advice—do your own research.
SNX longPrice reached the other resistance level, if price punches through, it can reach full profit.
SNXUSDT: Trend in daily time framePlease pay special attention to the accurate trend, and very accurate colored levels
Be careful
BEST
MT
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.557 .
Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.660 .
RESISTANCE LEVEL (2) : 1.767 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.445 .
SUPPORT LEVEL (2) : 1.284 .
TURNING LEVEL : 1.557 .
#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!#SNX/USDT rejecting from the Diagonal Trendline in 4-Hour TF!
Wait for BO/retest to open a long position. The local support level is PWL $1.218 and the resistance level is PMH $2.066.
SNXUSDTSNX did break and retest and ascending triangle, which in most cases is a continuation, Its Monday already here, lets start with SNX long on with closed targets. cia0
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 1.395 .
Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 .
Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 .
SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
SNX Possible SHORT Setup - Aug 15 2024Crossing Below the blue trendline will most probably take SNX to much lower levels. (Possible rising wedge pattern)
TPs: 1.225 - 1.138 - 1.070 - 1.0 - 0.93
Don't use high leverage and set SL just above the blue trendline.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $1.00. Nearest Resistance Zone is $1.85, then $2.50.
