QubitLife

SNXUSDT:Good opportunity for Long

Long
BINANCE:SNXUSDT   SNX / TetherUS
At 12H, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud .
At H3, the cloud is directing downward, indicating a price correction at the 12H timeframe.
Besides, RSI is at the oversold level, which indicates the weakness of sellers.

We recommend buying SNXUSDT when the RSI reaches the oversold level near the 61.8% Fibonacci level and take the profit near the level of $ 9.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.