Hi every one
SNX / TETHERUS
SNX/USDT is ranging in a Big Ascending Triangle! this means The Price can Increase as much as the Measured Price Movement!(AB=CD) but the break out has not happened yet so there are no confirmations! and if you take a Closer look you can see a Hidden Bullish Divergence (+HD) on MACD indicator! since Indicators show the Future of the...
Synthetix appears to have bottomed when looking at the long-term view and has now began its 5th cycle wave that could propel its price as high as $200. However in the short-term it's slightly bearish before resuming it's uptrend.
SNX is another coin that has not pumped in the recently rally, we think the bullishness for the entire crypto space will spread like wild fire and it's only a matter of time it reaches the SNX camp.
Price may find immediate rally from, blast past it and find consolidation well above the 200MA near the $20 levels.
In the event price dumps...
Continuing on my previously published idea when SNX was $7-8 around a month back. We are going to see the next bull wave in SNX which should take it to >$60 if BTC and ETH continues the uptrend. Great setup with great Risk/Reward and technical indicators pointing to it.
Market Cap $2,116,653,547
24 Hour Trading Vol $114,309,742
Fully Diluted Valuation $2,859,320,550
Total Value Locked (TVL) $2,097,098,088
Fully Diluted Valuation / TVL Ratio 1.37
Market Cap / TVL Ratio 1.01
Circulating Supply 172,443,028
Total Supply 232,947,851
Max Supply 232,947,851
SNX as by now still safe and bullish, yes there was a fair sell off, but no major support lines broke yet.
Watch out for the support line, it's super important now, it should bounce off from here.
If not, best to just close it if 4h closed below support.