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TradingShot
Sep 5, 2022 12:38 PM

SYNUSDT Bull Flag before a 1D MA200 break-out? 

Synapse/TetherGate.io

Description

Synapse (SYNUSDT) broke again today above the 1D MA50 (blue trend-line) after holding the 1D MA100 (green trend-line) which provided Support. The trend since the July 28 High has been a Channel Down, which on the overall rebound move since the June 17 bottom remains a technical Bull Flag. That is of course as long as the Higher Lows trend-line since June holds.

A break below it, should be taken as a bearish break-out signal and target the 0.800 Support Zone. On the other hand, if the Bull Flag lives up to its use, and the price breaks above the 1D MA200 (orange trend-line), expect a massive bullish break-out move towards the 4.000 - 4.3100 Resistance Zone.



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Comments
Solldy
As always, a great technical analysis and qualitative description. Thank you for that!
laytonrhit
Any updated TA on this we are at $2?? And big buys have occurred
laytonrhit
People do not realize the potential of this coin...it's a 50x in my honest opinion from here. Thanks for your TA. Please keep us updated on SYNAPSE.
laytonrhit
This is only going up
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