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SNXBTC on the weekly timeframe has formed a higher low which is indicative of a possible higher high. the higher low is confirmed by the formation of a bullish engulfing pattern on the 61.8 retracement level of the last move from 0.0002. I am expecting a sustained move upwards towards 0.0009 as that is the 1.618 Fibonacci extension point.
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We have to see if we can get support and climb at 16.809.
As such, we need to see if there is any movement to move sideways at 16.809 or break off the downtrend...
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You should watch for any movement that deviates from the 16.809-20.397 section.
It remains to be seen if the volatility around March 23rd (March 22-24) increases...
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the...
It's been 20 hours that SNX is getting rejected by that resistance. (As shown on chart)
The middle Bollinger Band is rising to give a Dynamic Support to the price which might push it up to the TP1 and TP2.
There's also a Static Support which I've pointed out on the chart, that can be a good push up for the price as well.
If none of these supports can hold the...
SNX Synthetix was selling on March 2020 for 0.3usd.
On February 2021 the price was 96X higher, 28.8 usd.
What made it so valuable during this period to worth $3,889,181,156???
Who is manipulating the price?
What happened last year?
Well, during March 2020 and February 2021 Covid happened. And people stayed at home and didn`t spent their money on restaurants,...
The KISS method relies on minimal tools and indicators combined with some intuition to give us trade ideas. Looks like SNX is ready to bounce after retracing, strong volume increase at 3860 sats, RSI pointing to some upside here.
PT 1 5000 sats
PT 2 7000 sats
THIS IS NOT FINANCIAL ADVICE, I AM POOR AND YOU WILL BE TOO IF YOU LISTEN TO ME👌👌👌
I'm new to...
Buy Zones :
- 24$ (Now) - 20% of your capital invest for this trade
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Rebuy Zones :
- Rebuy 22$ - 30% of your capital invest for this trade
- Rebuy 20$ - 50% of your capital invest for this trade
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Sell Zones :
TP1 = 28 ATH
TP2 = 32
TP3 =...
