Quick snapshot today. I am liking the Chaikin Money Flow (CMF, the green line below) on the Binance SNX chart. It isn't as strong on the Coinbase SNX chart but it is getting there. We haven't seen this kind of positive money flow since a few months back when SNX popped to $15 or so. Let's hope that a replay is in the cards, but we will have to see if this holds...
Disclaimer: These are my observations and personal views on SNX. Full disclosure requires I tell you I am long SNX and see a high profit potential in this "derivatives" trading platform. Synthetix refers to these derivatives as "Synths." To actually trade, you need to go to Kwenta (kwenta dot io ). Now for the updates. As witnessed by the CMF (Chaikin Money Flow...
Bitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin. Current Price= 1205.1 Sell Entry= 1209.2 - 1228.8 Take Profit= 1162.2 | 1131.3 | 1101.2 Stop Loss= 1262.7 Risk/Reward= 1:1.3 | 1:2 | 1:2.7 Expected Profit= +18.64% | +28.76% | +38.64% Possible Loss= -14.32% Fib. Retracement= 0.382 | 0.5 |...
Set alerts for the back test of the Middle of the descending channel for a nice long setup . Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from the high to low of the whole range .786/.886 . The red box denotes a resistance level where I would be taking majority of...
theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of...
crab harmonic pattern: X=$1197 AB=0.38 XA BC=0.88 AB 0.78 BC=$19 0.88 BC=$23 1.13 BC=$38 1.41 BC=$68 1.6 BC=$104 2 BC=$228 0.78 XA=$331 2.24 BC=$373 0.88 XA=$604 2.6 BC=$808 1.13 XA=$2609 3.6 BC=$6241 1.41 XA=$13978 4.23 BC=$22076 1.6 XA=$48636
Loopring currently sitting down at the .886 and at the POC of the entire range and printing HL and HH for a market structure change . I have measured some regions on the chart pulling Negative Fibs and Standard Fib retracement tool for areas of confluence although I have kept some info at a minimum to keep the chart looking clean . I decided to take away all...
Back about 15 days ago we had a complete change on the daily duration of the MACD, the RSI and the Change Momentum and the whole derivative of the price line chart went from negative growth to positive growth illustrated here on the 1 hr duration. I think the 5-6 week cycle people have been talking about is over and there is a new macro cycle at play here that...
Despite the Chaikin Money Flow (CMF green line below) demonstrating the monetary volume has been weak, SNX has been attempting to break-out upward through the $6 level. Meanwhile, I continue to earn almost 7.5 tokens every week without the risk or worry of staking at 14.05% on the Celsius Network. I have a Celsius referral code that will earn you and I both $50...
when we cross this vwma, and the level of .618 retracement doesnt hold uvxy drops really big really fast. algos could flip bear at any moment, but there is bound to be at least one bounce worth noting between here and $12
Even as the Synthetix token (SNX) attempts to break above its 20-day MA stacking what could be a fifth green-candle day in a row, the project has been busy this year already. Here are the highlights from this month's Synthetix Blog and the announcement dates: 12 January 2022- (after partnering with the Graph to make major subgraph improvements) Synthetix...
DeFi Composite Index looks ready for short-term recovery after regaining 50MA support. www.binance.com Current Price= 2177.1 Buy Entry= 2176.3 - 2150.3 Take Profit= 2258.6 | 2356.2 | 2474.0 Stop Loss= 2098.9 Risk/Reward= 1:1.5 | 1:3 | 1:4.82 Expected Profit= +26.46% | +53.52% | +86.16% Possible Loss= -17.64% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin...
dYdX Protocol regained 100EMA support and seems to be strong enough to keep going up, let's catch next dip! dydx.community dydx.foundation dydx.exchange Current Price= 7.903 Buy Entry= 7.788 - 7.456 Take Profit= 8.533 | 9.435 | 10.725 Stop Loss= 6.919 Risk/Reward= 1:1.3 | 1:2.58 | 1:4.41 Expected Profit= +23.90% | +47.58% | +81.42% Possible Loss= -18.44% Fib....
With SNX mainnet still likely a month or so out, have we finally found the bottom in price action? I don't honestly know the answer and charts can only provide clues. Anyone who says they can predict with certainty is a liar. Again, this is NOT financial advice. This is simply what I am doing. I bought approximately 2765 Synthetix Network Tokens (SNX) on...
crab harmonic pattern: X=$121.76 AB=0.61 XA BC=0.38 AB 1.6 BC=$52.68 0.78 XA=$54.92 2 BC=$75.55 0.88 XA=$79.68 2.24 BC=$94.76 2.6 BC=$135.39 1.13 XA=$197.49 3.6 BC=$347.93 1.41 XA=$559.64 4.23 BC=623.47 1.6 XA=$1213
Knowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be...
crab harmonic pattern: X=$16.36 AB=0.61 XA BC=$0.38 AB *1.6 BC=$4.03 0.78 XA=$4.38 2 BC=$7.23 0.88 XA=$8.11 2.24 BC=$10.44 *2.6 BC=$18.62 1.13 XA=$36.39 *3.6 BC=$86 1.41 XA=$203 4.23 BC=$221 *1.6 XA=$731
this is a dual forecast for volatility index futures derivative uvxy by the end of the week we may dip below the 13.89 area by fri, jan 7 '22 we may rise above the 14.5 area