Hi dear friends, hope you are well and welcome to the new update on Synthetix ( SNX ) token with BTC pair.
On a 4-hr time frame, SNX has formed a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Green box and EQ might be worked as a support level .
The bottom of the red box, liquidity zone and around 1.95 will be the points I will observe as resistance.
With the loss of 1.7 (1H) , the first bounce of the price will be around 1.61 .
I wish everyone a good week.
Hi dear friends, hope you are well and welcome to the new update on Synthetix ( SNX ) token with BTC pair.
On a daily time frame, SNX is about to complete the final leg of bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Welcome to this quick SNX/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :-SNX/USDT price is moving in a falling wedge pattern and It needs to breakout the current support and trend reversal for a clear uptrend.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $7.38
Remember:-This is not...
break out confirmed on 4 hr time frame
✅ Buy: 21 - 22.75 ✅
🎯TARGETS:
1- $ 25.55
2- $ 28.97
3- $ 38.90 (midterm target)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $ 16
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SNX on course back to ATH 33% gained on course to 60+%.
SNX on its way back to the upside, strong bullish sentiment with the 13 EMA crossing UP 50 SMA , Buy signal triggered by script...HODL positions 25% Gain to ATH from current price level. New ATH high insight at $32.87.
One of the most promising DeFi blue chip for me.
Synthetix staking is live on Optimistic L2 mainnet ! Big news, I expect #SNX to continue its bull hike.
It's in price discovery zone, so hard to establish a target. Holding spot & leverage position.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the...
Not much to say here: SNX has entered price discovery, consolidated and held up well. Parabolic move very likely. Major upside ahead. Approx. 110 Million Staked on Synthetix Network out of 114 Circulating supply. Low liquidity on exchanges could see this thing fly above target.
Snx/usdt tested this strong support 4 times before
And every time it touched it ...it give good bounce
Now its the 5th time and i expect it will break the support this time as repeated test same support makes it weaker
Also btc Dominance now is in increase and this one can do good profit in shorting
Wait close below that level if looking for more...
One more DeFi, looks more risky, than AMPL, but still.
4h descending wedge broke out, MACD lines crossing at the moment, stoch ready.
Got some at 3642, Stoploss at 3300
A "mini" Cup & Handle thingo seemed to play out hitting the 361.80% fib for an approximate +1000% gain.
A giant Cup & Handle thingo seems to have formed on much larger timeframe,
very similar in price and volume formation, will it play out for another +1000% gain?
All higher timeframe momentum oscillators also looking strong.
Lettuce pray for this...
