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.
@AlanSantana, What if it did? Not possible for the short-term but in a few months, $30 and $45 are possible. Thanks for your chart and also the cheers!