$SNX #SNX | LTF LONGIn case of a retest (preferably $1.61) on the lower support, bullish evidence can be chased in 1H.
Snxusdtlong
SNXUSDT analysis buying signal crypto we will wait to the blue area for our buying setup after the break of correction LVL for the bearish sequence, bearing in mind that the market respect the correction bullish red sequence
SNXUSDT | NEAR BREAKOUTSNXUSDT has been trading in a descending triangle, we have seen multiple fake-out from the downside but bulls manage to close the price well above the pattern again.
We are expecting an upside breakout from the falling trendline and bulls will make a strong rally this time.
Trade your levels accordingly.
SNXUSDT Long-Setup +233% GAINS 🚀Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a long setup bullish idea on SNXUSDT. I have been bullish on this altcoin for months now and have already taken 30% profit, however I have my eye on the pie 🤑 and believe that +230% is a modest increase compared to the first parabolic run on SNX which went up a whopping +1100 % .
Interested in XRP ? Check out this idea on XRPUSDT :
Have a great weekend 🥂
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CryptoCheck
SNXUSDT BULLISH, Breakout OPPORTUNITY +180%Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralized synthetic asset issuance protocol. For a few months, I have been extremely bullish on SNXUSDT. I've been mentioning it in videos on altcoins that I am watching multiple times. After the last video, the price of SNXUSDT has increased by 20%. Now I know this is not the whopping 120% or 150%, but it was a very low risk trade with extremely high upside potential. Considering that it's previously done a +1000% in 3 months during the previous parabolic bull run, a target of 180% for mid-cycle is modest.
My next target is also considering a spot trade, and it could take another few months to get there (unless the bullish market comes early. The best time to accumulate altcoins is when they are trading in-between the 0 and the 0.236 Fibonacci Retracement level, as this one currently is. The risk to reward ratio is exceptional in such cases. It is also comforting to see the period of consolidation trading/range trading and a contraction in the Bollinger Bands for nearly a month, indicating that the price is getting ready for another move.
Here's the video on the 3 Altcoins that I was watching earlier this year:
Synthetic assets / tokens are minted when token holders stake their SNX as collateral using Mintr, a decentralized application for interacting with the Synthetix contracts. If you want to know a little bit more about how this works and how to start staking and yield farming, check out this easy guide for making money with DeFi :
Interested in the Merge on Ethereum and how it may affect the price of ETHUSDT ? Check out this idea 👀
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$SNX squeezing hard and ready to burst? (LONG)SNX has been ranging for quite sometime in this range is finally squeezing very tightly in the end of the range. Based on its performance, i expect this to break the trend upwards.
im not going into too much more detail, my last idea posted explains exactly how i utilize this break out pattern to set successful entries and solid/safe TP's!
please feel free to message me directly if youd like any help understanding the fundamentals of trading and learning to create a profitable trading strategy that works for you.
💎 SNXUSDT : 575.99% Profit Potential in Next 6 Months💣💣💣💣last 2-3 weeks we seen huge buying in SNX coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
SNX | Head n ShoulderSNXUSDT is printing head n shoulder for a time now. Recently when it printed the neckline comes at 7.5 and we saw a failure of the pattern as right shoulder broke.
Currenlty, it is again on neckline of another head n shoulder which is on 3.5. Will it break this time?
The target if it breaks will come at 5.5 which is hefty in terms of percentage.
Keep in watchlist and let us know what do you think of the idea.
SNX longSNX has shown a good responses to level of demands so it can grow up to specified (specific) targets.(by considering loss limit)
SNXUSDT at Support - Seeing confluence to go longSynthetix 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
Confluence:
1. Fibonacci golden pocket area
2. Value area low of the fixed range
3. Possible Trapped short traders
4. Failed aution on a TPO (Time Price Opportunity) chart
5. Bullish divergence on the 15m (Vumanchu cipher b)
Not Financial advice. DYOR. Papertrade before using real money.
If you like this idea, please comment, give a thumbs up and follow for more ideas like these.
Safe trading guys!
Shawn
#SNX To pump here ?SNX in a major support zone.
Also volume zone is huge here and expecting SNX to pump here
Send it to $7.00
SNX is going to take us for Ride 60 MINSnx is ready to take you for a Joy ride to the upside. Padawan do you know what this means?
Hand me my Lightsaber
$SNXUSD | Model Predicts New HighsHello Traders,
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.
SNX JUST LIKE THE OLD TIMESThe asset has now reached to a reversal zone and can be bullish , see more on comments !
SNX/USDT 2 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
SNX /USDT is making this bullish expanding Triangle pattern.
Entry: $3.75- $ 3.83
Targets- $3.99 - $4.22- $4.345 - $4.59 - $4.8
LEVERAGE-5X - 10X
Stop Loss: $3.5
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#SNX #SNXusdt ideal buy setup synthetixHey everyone
SNX is at a bottom right now. Ofcourse it all depends on BTC, but if this bottom is held.. the breakout for SNX could be huge.. making a triple bottom at current level + triangle breakout.
As you can see, SNX is at the ATL for the chart.
SNX fundamentally is a fine coin, so I am not worried about that.
Ideal buy zone: NOW (4.5) to 3.2 (bottom of triangle)
If this setup fails, still a perfect coin to keep in our hodl wallets imo. Until better times arrive.
Gl traders.
SNXUSDT There is a falling Wedge on SNX token. Wait for the confirm breakout upside. The target would be 17.
Synthetix Fortune Favor the Brave
What Is Synthetix (SNX)?
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
- Trading this Token could be very impressive Gains, 300%, 600%, 750%. Everything is only depending on your strategy :
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Trading Plan
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Plan A :
Buy : Now a bit ( if u trade it for long term hodl)
Safety Buy : 3.5$
Rebuy : 2.5$ ( Bottom )
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Plan B :
- Wait for strong breakout and buy (Breakout Line in the graph)
- Buy Zones after breakout : 5,5$ to 7.5$
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TP 1 : 14.4$ (Security TP)
TP 2 : 23.4$
TP 3 : 28.9$ ( before ATH )
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SL : No Need
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- Follow always TheKing closely, play as Trader, don't be greedy and don't be fearfully.
Happy Tr4Ding !
SNX/USDT - Potential 180% SetupHello Traders!
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
It is reasonable to close the position using stop-loss if the price goes under $3.28
The targets will be the following price levels
$7,35
$9,28
$11,50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Synthetics (SNX) Analysis 07/03/2021Synthetix 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 asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix.
Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia.
Peter McKean, the project’s CEO, has over two decades of experience in software development. He previously worked as a programmer at ICL Fujitsu.
Jordan Momtazi, the COO of Synthetix, is a business strategist, market analyst and sales leader with several years of experience in blockchain, cryptocurrency, digital payments and e-commerce systems.
Justin J. Moses, the CTO, was the former director of engineering at MongoDB and deputy practice head of engineering at Lab49. He also co-founded Pouncer.
What Makes Synthetix Unique?
Synthetix is a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is designed in a way that exposes users to the underlying assets via synths, without having to hold the underlying asset.
The platform allows users to autonomously trade and exchange synths. It also has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange.
The platform tracks the underlying assets using smart contract price delivery protocols called oracles. Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for third-party facilitators.
SNX tokens are used as collateral for the synthetic assets that are minted. This means that whenever synths are issued, SNX tokens are locked up in a smart contract.
Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency.
How Many Synthetix (SNX) Coins Are There in Circulation?
The maximum supply of SNX is 212,424,133 coins, of which 114,841,533 SNX is in circulation as of February 2021.
At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
How Is the Synthetix Network Secured?
The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees.
Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards.
Total of 3 TPs with Fibonacci Projection
if 2 TP triggered then 3 TP is confirmed
easy trade it is
SNXBTCSNX shows a very good chart and I think we can trust SNX and publicly we see a positive movement in the coming days
SNX usdt ⬆️⬆️Snxusdt 1D chart is looking great forming ascending triangle and cup&handle. Waiting for breakout play the leg-up move.
