Synthetix has been ranging between the current support of $2.95 and $3.60
I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply
1. Fibonacci golden pocket area
2. Value area low of the fixed range
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model. A break of the support zone nullifies this set up.
Look at related Idea for a broader picture.
Welcome to this quick Update, everyone.
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SNX /USDT is making this bullish expanding Triangle pattern.
Entry: $3.75- $...
SNX is at a bottom right now. Ofcourse it all depends on BTC, but if this bottom is held.. the breakout for SNX could be huge.. making a triple bottom at current level + triangle breakout.
As you can see, SNX is at the ATL for the chart.
SNX fundamentally is a fine coin, so I am not worried about that.
Ideal buy zone: NOW (4.5) to 3.2 (bottom of...
SNX underwent a full business cycle, the price corrected to 2020 values.
The price found support near the level of $3.62 and the asset is in the accumulation phase.
We can observe for purchases in the range of $3.62 - $4.10 and hold the position based on the correction of downward movement to the main selling zone of $11.50 - $13.50
What Is Synthetix (SNX)?
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to...
Hello traders i hope you are doing well its my 3rd analysis on Snx and bias is super bullish for SNX
Snx breakout from falling wedge on 1 D timeframe and possible to retest to flip previous resistance into support
the targets for SNX is already mentioned
cheers to all
kindly support for more updates
Here's a quick look a t SNX 1D chart. As we can see, the price has been showing to break a trend line a nd make retest to it.
7.225-7.6$ work as heavy resistance and w e need to breakout this.
Definitely one to keep an eye on .
The best entry at Support level also on trend support and after breakout and retest.
Hello traders i hope you are doing great.In 8hr time frame SNX breakout from inverse head and shoulder and now R/S flipped the yellow lines are target line
super trend indicator also gives us buy signal and ema as well. Always do risk mangement before entring to any trade
support and like
hello trader i hope you are doing great
after sudden crash from btc.Snxusdt back to its strong reversal zone the box is strong demand zone and tps are mentioned already
remember swing trades are for couple of weeks or months so its only for investment purpose
cheers to all buy and hold patiently
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...