realMarketSurfer

$SNXUSDT - Elliott wave analysis

Long
BINANCE:SNXUSDT   SNX / TetherUS
Hello everyone!

It seems that Synthetix found a strong lasting support at $13, which should act as a booster of the SNX.
Synthetix according to the EW has completed the 4th wave, as usually 4th wave is 0.618 of the 3rd wave.
Although I highly recommend you to go long upon the breakout of the dynamic resistance.

Expect volatility today, remember the BTC futures settlement.

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.