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csdailey
Jan 17, 2021 5:09 PM

Bullish signals, but volume is dropping 

Synthetix / United States DollarCoinbase

Description

I've been sleeping on this coin since it was put on coinbase... It just keeps going up. It's pretty far from the resistance line and I'm not sure if this is a good short term entry or not.
Comments
renyay
Look at fundamentals. Staking SNX just started on Optimistic ETH (Jan 14). IDK about short term, but long term this will definitely take coins out of supply and push the price up. Plus DeFi in general is just going wild - these coins are going up when BTC goes down. I've become very bullish on SNX. But yes - volume is down across all crypto right now.
burakcakirr
It created triple top pattern on 4 hour chart. We might see a huge consolidation to $6.50
TrimBot
@burakcakirr, there's no such thing as a triple top. next punch toward upward resistance goes to $20. bullish
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