Full disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited investors (like me) from earning interest. Always screwing the little gals & guys in the name of "protecting us." Thank you, big government bureaucracies... for nothing. Anyway, on to today's look at SNX using the Keltner Channels...
SNX is mounting it's second day in the upper band of the KCs. This is a very good sign. If SNX can stay within this bullish channel and not overextend (outside of the Keltner Channels), we could ride this trend back toward its ATH (All Time Highs).
Outlook: Even though there should be little correlation between BTC, ETH, Technology Stocks, and Alt-Coins (including our SNX project/platform), it does currently exist. Even though these things will eventually become disjointed/disconnected in price-action as they should be, until then, if BTC takes a severe tumble, we can expect SNX to do so to the extreme. Conversely, if BTC continues to plod upward, we can expect extremely bullish price-action in SNX. Fingers crossed for the extremely bullish action. ;)
--Garry
SNX is mounting it's second day in the upper band of the KCs. This is a very good sign. If SNX can stay within this bullish channel and not overextend (outside of the Keltner Channels), we could ride this trend back toward its ATH (All Time Highs).
Outlook: Even though there should be little correlation between BTC, ETH, Technology Stocks, and Alt-Coins (including our SNX project/platform), it does currently exist. Even though these things will eventually become disjointed/disconnected in price-action as they should be, until then, if BTC takes a severe tumble, we can expect SNX to do so to the extreme. Conversely, if BTC continues to plod upward, we can expect extremely bullish price-action in SNX. Fingers crossed for the extremely bullish action. ;)
--Garry
