💎 Paradisers, focus on #SNXUSDT, showcasing signs of bullish momentum from its support zone. 💎 #Synthetix recently hit a bump at $4.178, causing a minor pullback. Yet, as it approaches a former resistance now turned support at $3.875, staying strong at this level could boost its chances for a bullish push towards and potentially beyond the resistance once...
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------------------------------------------------------------------------------------------ Description ------------------------------------------------------------------------------------------ + A clear rising wedge pattern formed in SNX + Current price is at the resistance level trying to breakout the resistance, which is less likely to happen + Our entry plan...
On the chart, from where we entered "START", we seem to see a correction. This correction seems to be a diametric. There was a suitable place for the termination of the F wave on the chart, which we marked with red color. If the price reaches this range, you can enter a sell/short position. For risk management, please don't forget stop loss and capital...
Trend Is Already Up And Correcting After Solid Gains Now Seems Like Preparing To Continue Its Uptrend Expecting Solid Recovery In Coming Days Consolidating In Falling Wedge In 8h Timeframe & Approaching Towards Descending Trend line Incase Of Breakout Expecting Massive Bullish Rally Towards 5$ In Coming Days
Synthetix is a decentralized liquidity pool provision protocol where users can borrow liquidity at low fees. Anyway, after a huge rise, SNX has been in a downtrend for a while. Recently, SNX broke the downtrend line as well as the minor one. Let's see how far SNX can go.
Synthetix is preparing for a Parabolic move in the next few weeks. The CM ULTIMATE MA MTF on the weekly chart shows a very a clear and distinct pattern. Once it turns green from red the move that follows is fairly substantial. Price action is still fairly low in SNX while the the ULTIMATE MA has already turned green. Down below we have the RSI and it is around...
Significant moves by BINANCE:SNXUSDT driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level... Since then has been in a conjoining wedge - as fails to make headway in either direction - How I'm trading this: 1) Watch to see declining volumes on a...
SNX is showing a clear bullish accumulation structure. After breaking above resistance and confirming it as support our next real target is 7.7 dollars. The chart is really simple, and I wouldn't enter a leveraged long here. However, if you have a long term goal of holding certain tokens this one has tremendous upside and looks incredibly bullish. I'll see you...
💎 Paradisers, let’s zoom in on #SNXUSDT as it’s exhibiting a pivotal market behavior. SNX is currently nestled in a demand zone, poised for another assault on a key resistance area. 💎 #SNX recently faced a setback at the resistance level of $4.964. Presently, it's regaining strength in the demand zone. If it can maintain this upward momentum, we could see an...
🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power. Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on...
If it can get support from here, we can see a nice rise. It can be tried with a tight stop-loss. If it rises, I plan to sell half of the position at mid-channel resistance and the rest at 5. DYOR
In the 1-hour and 4-hour timeframes, there is a concentration in a corner, which can return to the specified supply area if the dynamic trigger line is broken. If the range of the blue line is broken, you can continue the correction up to the specified area, which can correct 100% of the previous wave.
💎 SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend. 💎 Presently, SNX is demonstrating a robust bounce during its retesting phase at what was...
Synthetics Council voted to stop inflation, and initial reactions seem to be good. DeFi has yet to see a proper resurgence (other than INJ). Other potential tickers (DYDX and GMX) mulling about. nil other thoughts. should see 5 & 6$ eventually.
#SNX The price is trading in a large descending triangle and has been gaining bullish momentum recently Supported by reversal triangle patterns The price is now in the downtrend breach zone at the current price of 2.37 With the first goal 3.27 Second goal 4.32 With oversold conditions During the uptrend there may be some price correction
Trade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) confirmed bullish trend reversal to Uptrend. Price has reached and got rejected 3x at $3.75 resistance and pulled back, which could be an opportunity to get on the Uptrend. The nearest horizontal support areas are $3.40 and $3.00, which also line up with 23.60% and...
NYSE:SNX broke through the support level and the ascending trendline. Decline to support level at $2.79 is expected to happen