I've been following Synthetix Network Token (SNX/USD) for six months with continuing amazement. SNX no doubt is going to be a future powerhouse derivatives trading protocol. Fortunately for us, it's still in its infancy and can be accumulated on exchanges at an incredibly cheap price. This token is one of my long term "Hodl" and staking cryptos (along with BTC, ETH, XLM), but in addition, it also serves as a fine swing trade crypto (like Kyber Network, for example) to net some quick, juicy gains to roll back into the hodl bags. This token can move fast and furious, so be sure to keep it on your watchlist! This chart will help you track its trajectory.
*Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
**If you have strong hands, patience, and you like big wins and big money, follow me. I track all 37 USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative position/swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based on a combination of Wyckoff market phasing, Elliott Wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
you're charts are the best! clear, concise. awesome work
jalapablo
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@Jabeardo, thank you very much! glad you can benefit from them :)
highlyproductive
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What are your thoughts on SNX?
jalapablo
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@highlyproductive, SNX is getting there, just needs a bit more time to bake imo a few more days
tgjgold
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Just started following you - had left a comment under lisk about not receiving notifications but I do not see the comment there now. You may have not received it, i wonder, because I changed my handle. I see the price of snx approaching the extreme sell point but your post still indicates you are long.
Was your chart invalidated and are you still long based on fundamentals?
I had not enabled notifications under settings.
I am new at this and really appreciate all your work.
jalapablo
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@tgjgold, Hi there, appreciate the comment. Technically, this trade should be invalidated based on time elapsed, but seeing the alt coins are currently in a bullrun, I think this trade is still viable. I will look to update it today, I am definitely still long on Synthetix (in fact, SNX is one of my hodl assets) as well as a host of other coins/tokens right now. Hope this answers ur question :)
broncosfans1976
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@jalapablo, you think this one is ready to fly now?
anonnn1324
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Hey mate, always appreciate your charts. Any update on thoughts here??
jalapablo
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@anonnn1324, things are looking better, still need to see in the next few days what the outcome will be, but I am more optimistic. Signs of bull strength appearing in the trading range
anonnn1324
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@jalapablo, Always appreciate your opinion. Thanks fella, hope all is well!