SNX is too underpriced to be missed!based on these simple analysis, SNX is proven to be underpriced. im using ema and rsi indicators, and using snr and trendline drawing method. i hope this is helping you guys to make your decision, goodluck!
SNXUSDT trade ideas
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.
SNX fib totalityNot a financial advisor
I've been waiting for SNX to kick some more ass. Long term bullish on this project so refused to sell out completely to be honest. I think its about to pay off soon. 19 is very low for this beast in my opinion. I've done a lot of fib placements. Lets watch where the price goes and how well it will work in the future.
Circled some crossovers of the two current fib channels which I believe are both more or less active still.
If we break down, the circled points could be good approximate places to fill your bags. Lets see where this thing goes!
SNX UpdateHello Traders,
In reviewing my Analysis of SNX, I realized that there in a confluence of the MM Series Long and the ATWHWB long. In my trading style, I always prefer to use the ATWHWB given that price triggers the entries.
I'll link the previous chart so hopefully some of you will see the difference.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
SNX still holding strongJust updating from previous SNX post
The low was broken but the setup remains valid. The Correction Channel also looks good.
Check chart for key levels.
Happy trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
SNXUSDT SellHello Traders!
SNX buyers should be careful because it is going towards a 12$ price. It is slipping from the trend.
snxusdt ://layer 2 Liq_ wit optimism.io=LESS GASbig liq. move for snx n uniswap layer 2 with Optimism.io _no there is no token and the team does not plan on releasing one_BUT they need to raise money somewhere so that would be a17z crypto fund or whatever they r calling them selves. believe they where big on celo and libra as well)
so a bunch of money gets sent or moved around by uniswap and snx announces a move to work on layer 2 with optimism.io LONG STORY SHORT LOOK FOR LAYER TO OPTIONS FOR SNX AND UNISWAP
OTHER LAYER 2 OPTIONS
zkswap we r on_heavy and have played with. ZKS has focused on building liquidity with the base stable coins and expanding from there. AS of now i can swap usdt for suhshi 1inch snx eth and several more with almost no slippage. ETH direct to sushi etc still has ridiculous 50 to 90 percent slippage due to lack of money set aside for that pair combo but as money floods in even these combos will be available for direct trade in less than a few mins for usually less then 1.00 usd. AS of now i go eth to layer 2 which costs standard transfer fees then once on layer two it costs cents to swap to usdt then usdt to sushi 1inch maker uni whatever i believe they r up to around 100 pairs. i have only checked 4 or 5 for big slippage or lack of liquidity but once in usdt no ii=ssues again not sure the wale size order u would need to swap for this to be an issue, this is a complete game changer.
we will be testing out matic and optimism next via snx or mintr as well as uniswap via optimism.io layer 2 ethereum side chains roll ups and ovms all just fancy explanations for side ledgers that keep track until verified and put thro officially on eth layer one
_HGM
SNXYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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Oh man, SNX looks READY. TO. PUMP.Hello Traders!
SNX looks so ready to pop with how price action has been forming! If this Micro Long ends up holding, this thing could turn into a beast of a move, but I'll always let price do the talking.
Of course, we always need to be aware of the Opposing setups that could send us lower. If the Micro Long reaches target, that Short will obviously be taken out.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
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.
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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.
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** 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)
SNXUSDT is ready for 30$ 🦐The price is retesting the previous resistance as new support. IF the price will have another breakout and flip the current 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IDEAnot a trade advise
hey guys! here is my opinion about the Technical Analys of this pair
as we can see there was a double botton ( at 4hr chart),a break on the down channel and a break on the previous resistance.
right now the price is testing the last resistance as a new support and at the same time testing de 0.382 Fi bonacci
we can possible see an up trend from this point
