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WeAreSat0shi
Sep 5, 2021 2:03 PM

SNX VS ETH Long

Synthetix Network Token / EthereumKuCoin

Description

Here in the chart we have Synthetix against the Etherium Price. As we can see SNX has paid a lot of respect to the 30000 level of Etherium. a hold there has 3x to the 90000 Eth level. If a move above 96000 comes and holds it as support another 3x is then possible at approximately 36000 Eth. If a close below the 30000 Eth level on a monthly chart happens, then a move to 12000 Eth is likely and the next big buy point. I don't expect this but there are no guaranties in investing. The indicators are also showing a bottoming signs and reversal to come.



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