medstudent

Bullish on SYNX next two weeks

Long
medstudent Updated   
BITTREX:SYNXBTC   None
Synx has hit the same major support level three times now. We should wait a day or two to see if support holds up but since the MACD is already low, the RSI and Stoch RSI are both oversold, my best guess is that this is the bottom and we're only going to go up from here. I'd say this is a two week hold but it will pay off very nicely. First resistance point gives around 30% profit, and the second resistance point gives over 70% profit. Both can happen but just to be safe I would sell around the first resistance point and see if it can make the resistance into support.
Comment:
We have prices under 4k sats currently because BTC is dumping. Once BTC stabilizes we'll get a nice run up. Buy some SYNX at the current price of 3937. This is a steal.
Comment:
We should be testing a support at 3000 sats. What a great price to get synx at. I'm going to buy more. I bought some at 4200 sats and will average down and buy more at the current price of 3100.

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.