Long term downtrend and accumulation range
Looks ready to pop
Could be volatility and still a few weeks waiting
If crypto really is the next tech bubble then SNX going to be in the future magnificent 7 for sure
Ascending triangle forming
Bump and run breakout
Right on Long term support
NFA
Good R:R
Long SNX in the short term as it breaks out of the long term down trend on the ETH/SNX pair.
With alts like SOL and AVAX moving up in the 100s of % recently I wouldn't be surprised if SNX has a decent break and joins in some of the fun, thats if BTC keeps stable.
NFA - just an idea
6 Months of strict downward channel trending followed by quite a significant break on the upside. We can detect 2 main levels where the price is likely to head toward, even our most pesimistic opinion puts gains at around 10% on SNX, our most optimistic views puts the gains nearer the 50% mark!
Could be one to watch with both eyes here! 👀
If you enjoyed or...
Ethereum is located in an important area in the 2-hour time frame. If the trend line breaks down to the specified limits, we will likely fall, and if it breaks the $1,660 area, an upward trend will be formed.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
another look
lots of confluence for this to be a bottom out/
accumulate area
weve got the og uptrendline from wicks in the 2018selloff
kucoin eth listing price areas and initial resistance also 2018
rsi breaking downtrend for the 1st since december 2019
obv local breakout matches the downtrendbreakout
144% to nearest fib lvl
just broke above 20ema
60% to the...
Confluence with the usd chart
Long term seller exhaustion
Obv broken downtrend
Rsi broken range
Bullish divergence playing out htf
Network upgrade catalyst for reversal of trend
Chart is fairly straight-forward. I rounded up the S&R values to make it easier to reason about.
So, what are we looking at?
SNX has been in a steady downtrend vs ETH ever since March 2021. We can see somewhat of a fractal forming between the bottoming structure back in Feb-June 2020 and May-present. One important difference, of course, during the previous bull...
One of my biggest positions is Synthetix whileI hold hardly any Ethereum at the moment. The chart will show you why. Key is not to buy what performs well, but what has underperformed. When RSI breaks out, an early buy signal will occur and this is the time to up the ante.
SNX Vs ETH has been building major bullish divergence on the 1 day, 2 day, 3 day and the 1 weekly. In this chart we are looking at the bigger time frame on the weekly. The divergence is strong and should start moving very soon. My previous chart shows more profit taking zones. The link to this chart below, click to check it out. This trade is low risk with a...
Here in the chart we have Synthetix against the Etherium Price. As we can see SNX has paid a lot of respect to the 30000 level of Etherium. a hold there has 3x to the 90000 Eth level. If a move above 96000 comes and holds it as support another 3x is then possible at approximately 36000 Eth. If a close below the 30000 Eth level on a monthly chart happens, then a...
This trade alert has a potential of a 3,4,5 or up to 6x versus Ethereum. We are seeing a bullish divergence starting to playout on the RSI and a possible break out is due.
Resistance and support are shown and can also be take profit zones as well.
Thank you for looking.
