Trade setup : Price is in a downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a...
Trade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87.
Patterns : Falling Wedge Usually results in a bullish...
Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching:
💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments...
I just took a position on SNX, great potential. I will accumulate in the DCA zone if the correction is stronger, no worries.
Potentially a cup and handle formation taking shape, to be confirmed.
Pretty clean chart for $SNX.
- years of wyckoff accumulation
- higher lows
- riding weekly MAs
in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming...
#SYN
The price has been moving in a downward channel since June 2022
Due to a strong support area at 0.2850
We are about to break the downtrend supported by oversold conditions on the MACD
Current price 0.4166
The first goal 0.7922
Second goal 1.0500
Nearly 240% of the current price
Powered by the Moving Average 100 breakout.
And break the reversal patterns...
💎Paradisers, zoom in on #SNXUSDT, as it's showing clear signs of an impending major move from a critical demand level.
💎#Synthetix is currently on an upward swing, hinting at a bullish continuation. It's been tracking a descending channel pattern, consistently respecting the channel's resistance. We're anticipating a retest at the demand level of $3.091, which...
💎Paradisers, gear up for a thrilling ride with #SNXUSDT! It's currently spotlighting a support zone, suggesting a bright bullish trajectory lies ahead.
💎Lately, tracing an ascending channel, #Synthetix is on a climb. Now, it's amassing momentum for a bullish leap from the $3.86 support zone, with ambitions to breach key resistance barriers.
💎If the bullish...
Neckline is @ $4.43
another 70 cents or so
We obviously don't how these coins will react at these necklines
if they are met with resistance
breakout strongly only to come back down and retest the neckline
But this should give holders hope for double digit prices --- at some point
Best of Luck
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
💎 Paradisers, brace yourselves for a promising trading moment with #SNXUSDT, as it's strategically placed at a crucial support zone, signaling a potential bullish shift.
💎 Delving into #Synthetix path, it's on an upward trajectory from the significant support mark of $3.530. Holding steady at this level suggests a high chance for a bullish breakout. Keep an eye...
👋Hi, I hope you have a Great Weekend🥳.
📈Today, I want to share with you an analysis of the Synthetix(SNX) project , which can increase the price by more than 🚀➕20%🚀 in the short-term .
📚 What Is Synthetix (SNX)❗️❓
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity...
Trend Is Already Up And Correcting After Solid Gains Now Seems Like Preparing To Continue Its Uptrend Expecting Solid Recovery In Coming Days
Consolidating In Falling Wedge In 8h Timeframe & Approaching Towards Descending Trend line Incase Of Breakout Expecting Massive Bullish Rally Towards 5$ In Coming Days
Synthetix is a decentralized liquidity pool provision protocol where users can borrow liquidity at low fees. Anyway, after a huge rise, SNX has been in a downtrend for a while. Recently, SNX broke the downtrend line as well as the minor one. Let's see how far SNX can go.
Synthetix is preparing for a Parabolic move in the next few weeks.
The CM ULTIMATE MA MTF on the weekly chart shows a very a clear and distinct pattern. Once it turns green from red the move that follows is fairly substantial. Price action is still fairly low in SNX while the the ULTIMATE MA has already turned green.
Down below we have the RSI and it is around...
💎 SYN has recently witnessed significant developments in the market. SYN faced a formidable obstacle in the form of a hard rejection after reaching the Bearish OB area.
💎 Its current stance suggests an intention to retest the resistance level. Success in reclaiming the price above this resistance could trigger an attempt to break out of the Bearish OB area....
Evident on chart is two inverted H&S structures. The first demonstrates the power of the right shoulders bullish manner.
The second inverted H&S is yet to experience this move but is prepped for it.
Bullish.
