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Barrenbull
Mar 26, 2024 8:16 PM

$SNX typical market cycle (psychology) Long

Synthetix / United States DollarCoinbase

Description

Pretty clean chart for SNX.
- years of wyckoff accumulation
- higher lows
- riding weekly MAs

in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming months. I recommend more of a position trader mindset.

invalidation under 3 bucks (if it decides to turn back over).
doesn't hurt to give this one a chance.
will you take it?
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