From where I placed the red arrow, our diamatic seems to have started. We seem to be in wave e now. Wave e looks like a flat pattern. The red range is where we look for sell/short positions. I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry
I also specified the invalidation level, closing...
Trade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March.
Synthetix is in the process of constructing a decentralized liquidity provisioning protocol accessible for various purposes by any protocol. Its substantial liquidity and minimal fees act as the infrastructure for numerous exciting protocols on both the Optimism and Ethereum networks. A multitude of user-facing protocols within the Synthetix...
After hitting the red box above, which is an order block, it was rejected towards the bottom.
I have marked another red box below, which is the new place to open sell/short positions.
From the lower red box, we can move towards the targets to complete the waves.
I also specified the invalidation level
For risk management, please don't forget stop loss and...
This is a 1D frame analysis for SNXUSDT After bouncing off the support line, the price was unable to maintain its support and is currently heading towards the first resistance line. We can expect that if it cannot break above the resistance line, it will start to move back towards the first support line, but if it can break above the first resistance line, it may...
💎Paradisers, focus on SNX/USDT! It's currently oscillating within a defined trading zone and is gearing up for a potential downward shift.
💎If this breakout materializes as anticipated, brace yourselves for a rapid corrective phase.
💎The dual confirmed order blocks on the shorter time frame are worth noticing. These areas are likely landing spots for the SNX,...
Yello Paradisers, SNX Analysis: Bullish Breakout with Strong Volume
💎 SNX has successfully broken out of its descending channel pattern, backed by significant trading volume.
💎 Prior to this breakout, SNX tested a key support area twice. The first test led to a bounce and subsequent rejection at the supply level, followed by a gradual decline back to the key...
Synthetix (SNXUSD) is testing today both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) following a 6 day rise after a -42.20% decline from the July 14 High. Such a decline was last seen on the May 12 low, where the price rebounded like now but failed to close above the Resistance of the previous Lower High and dropped more to touch the Higher Lows...
Seems Like getting Ready To Continue Its Uptrend
Already In Uptrend In Higher Tfs And Now Forming Falling Wedge In h8 Tf Incase Of Breakout Expecting Massive Bullish Impulse
Incase Of Breakout Expecting 55 to 60% bullish Rally
Synthetix is another asset that has been trading sideways for a long time. On average, the movement from one side of the trading channel to the other is 50%.
Currently, the asset is in a good buying zone. The RSI indicator also shows that it is oversold.
Targets on the chart.
This is not financial advice, and anything you do is at your own risk.
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading...
Hi Traders, Investors and Speculators of Charts📈📉
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Today I'll share some projects I'm watching. You'll notice they all currently have great entry points, and are ideal for accumulating.
⭐ FLUX :...
Recently, SNXUSDT price has finally managed to break out of a prolonged downtrend.
We assume that the current local price consolidation outside of the downtrend is coming to an end. And the SNX price may have quite a bit of growth ahead.
Take profit 1 - $3.55 (+25%)
Take profit 2 - $3.85 (+35%)
Take profit 3 - $4.40 (+55%)
Did you like our...
SNXUSD is haveing the strongest two week streak since July 25th 2022, whose High formed R2 (4.4450). The R/R in buying that deep into the bullish wave is not favorable as despite the R1 at 3.3900, the price has the 1W MA200 as its main Resistance, which has not allowed weekly candle closings above it for 11 months (since August 15th 2022).
Consequently with the...
Good time friends, we are at your service with another analysis, this time #snx
⚡️ with 150% growth probability
We have provided you with the daily chart of this index; The pattern you see in the chart is called "Diagonal Reverse Header". This pattern is one of the strongest bullish patterns.
The yellow line also shows the possible movement and temporary...