ShawnMCR

πŸ“Š SNX moved 70% up ! Will it fall back down?

BINANCE:SNXUSDT   SNX / TetherUS
Hello, dear TradingView members .
This idea is an SNX analysis.

SNX moved 70% up after their tweet.
And the exciting fact is that the market is still not overbought.
On a daily basis, the market isn't strong enough. Still, if we shorten the timeframe, we can see a bit of potential for moving higher.
Two scenarios are possible for this chart:

Scenario one:
The price will push straight up or use support to break the resistance to the higher resistance levels

Scenario two:
The price will stay below the resistance area , and it'll lose power to reach higher levels in the next couple of days.

The Speedometer indicator shows Buy volumes on the market for SNX on a 1D interval.

Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.

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