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 breakout signal (BTC pair) Entry between 2220 - 2555 - 2880 (3 entries 33% each) Stop if close daily below 2200 🎯 Targets are 3900 - 5100
SNX buy volume is nuts and is going for a ATH!
At 12H, the cloud is directing upward, indicating an uptrend. The RSI moved down and the price found support on the Ichimoku cloud . At H3, the cloud is directing downward, indicating a price correction at the 12H timeframe. Besides, RSI is at the oversold level, which indicates the weakness of sellers. We recommend buying SNXUSDT when the RSI reaches the...