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Synthetix

SNX long term outlook This is a long term chart of SNX with a breakout around 1/17-1/30 2023 coinciding with the macro structure of the chart. Looks as though the bearish pattern has played out but there could another sell off as the head and shoulders is debatable on where you measure either it is -80% down or 87% which would be another large sell off in December. Since the Dxy has recently sold off one would think that the crypto market players would notice but it seems that was not the case. This leads me to believe that once the Dxy bounces of this range there will be another sell off only for crypto to rally once that is done i.e the first two weeks of January. Time will tell. This range is about DCA’ing in at lows during sell offs and stacking positions. However the longer term outlook still remains and doesn’t change in my opinion.
COINBASE:SNXUSDLong
by Tony-Stake
2
#Synthetix Buyers Upbeat but SNX Inside a Bear FlagPast Performance of Synthetix Synthetix is inches away from November and 2022 lows. SNX remains under pressure, looking at the performance in the daily chart. Presently, the token is trending inside a bear flag and within the November 8 and 9 bear candlestick. For the uptrend to take shape and SNX bulls to be relieved there must be a close above $1.85 and the flag with decent trading volumes. #Synthetix Technical Analysis SNX prices have support at $1.57, the base of the current bear flag, flashing with November 2022 lows. Unless there is a decisive follow-through, sellers have the upper hand, pushing SNX prices above $1.82 towards November 9 highs at $2.15, the immediate resistance level. A skeptical formation is the absence of participation, thrusting prices to spot rates with higher highs relative to the lower BB. Accordingly, aggressive traders can look to short and swing. Meanwhile, conservative, risk-on traders can wait for clear breakouts before riding the emerging trend. Losses below $1.57 may see SNX dump to $1.42. What to Expect from #SNX? Bulls are buoyant, but SNX remains within a bear formation. The short-term trajectory depends on whether bears will flow back, forcing the token below the triangle; or bulls flowing back, thrusting SNX above the bear flag back to November 9 highs. Resistance level to watch out for: $1.82 Support level to watch out for: $1.57 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
SNXUSD Short-term bullish, major break-out Jan 2023!The Synthetix Network token (SNXUSD) is having a very bullish day following the rebound on the June Support Zone. Being still restrained below two Lower High Resistances, April 01 2022 and May 18 2021, this is a short-term rebound that targets the 1D MA200 (orange trend-line). However, having rebounded on the 1W RSI Support Zone, this bounce can be similar to the previous two counter trend rallies since June 2021. All plotted on today's price action, those point to a break-out above the May 18 2021 Lower Highs trend-line by January 2023! Only a break below the June 18 2022 Low can invalidate this. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SNXUSDLong
by TradingShot
3
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 👀 _________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
31
Synthetix SNX Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Synthetix SNX has a negative overall sentiment recently. I have the following price targets: SNX/USDT short Entry Range: $2.90 - 3.10 Take Profit 1: $2.70 Take Profit 2: $2.26 Take Profit 3: $1.84 Stop Loss: $3.61
Short
by BuySellMarketMaker
SNXUSDT First signals for a changing trend to up appear on chartGlobally, the SNXUSDT price is still in a downward trend that has been ongoing since the beginning of 2021 However, now the SNXUSD price is trying to establish itself in the upper part of the descending channel, which gives a chance for positive thoughts about the continuation of the growth. So, if in the coming days the SNX price is held above $2.70, then the following targets for growth can be expected: 1) local growth up to $4.20 2) medium-term growth up to $5.80 3) a global goal for the growth of the Synthetix Network token price in 2022. - $10.70 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
28
SNX - SYNTHETIX - How Might The Rest Of This Correction Unfold?So continuing on in the spirit of sharing thoughts like no one can, once again I am talking to the chart. You might think this is amusing but it is very serious business. In fact so serious that you might actually learn a thing or two about holding onto your profits during corrective waves. Although it may appear to some that we may be continuing to go lower or getting ready to move higher. At this point in time it looks like neither. It's purely corrective price action at it's finest. A potential Type-1 Weak 5-Wave Move has been identified which will likely continue to be extreme choppy. Chances are that you may have to watch the whole 20 minutes of this video to grasp what I am saying. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
1
SNX - SYNTHETIX - My Thoughts On What We Are Seeing Overall...In this video I take a step back and some small profits and go through a few waves logically. The process of elimination I use in this video is to show you the train of thought that goes into how I see the waves. Fractal patterns are extremely difficult to predict without the use of some methodology. How do I know that? Because even with the use of one it is still difficult, but not impossible! It depends on how determined you were to learn it or create it in my case. In other words I always believe that it's not the my methodology that is inaccurate but rather my interpretation of the waves whilst using it. So here I go through all the things that even other people might be looking at and slowly eliminate the potential for that outcome. This is all based on probabilities and potentialities so persistence and good risk management is key. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
by AriasWave
CRYPTO MARKET UPDATE - Make The Best Of A Bad Situation...In this video I talk about what I believe is now happening in the Crypto markets. There is now too much evidence to support the bearish view. I am only going to use 3 cryptos as an example as to what possibilities might lie ahead. It has become increasingly difficult to try and predict how deep this will go due to the wave that comes next if this is in any accurate. I will do my best to explain these scenarios by laying down some ground work first. My future Crypto ideas will take the things mentioned in this video into consideration. When I manage to come up with a confluence of reasons then I tend to post market update. Otherwise I will wait it out whilst thinking of the alternative in case things change based on the wave counts. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
BITSTAMP:BTCUSDShort
by AriasWave
4
SNX - PRICE ACTION UPDATE - Time To Reverse Course - STOP OUT!In this video I go through the potential larger degree pattern and compare it to the similar pattern in SHIB. As I mentioned previously if we break support then the count is invalidated. I do always have to keep in mind an alternative scenario even though it might seem unlikely at the time. I present the bearish view here and how I shorted SNX this morning after seeing price take a dive and then bounce. When your analysis is wrong you have to react quickly and calmly in order to take advantage of these invalidated counts. Using my methods I was able to do so but here I also shed some light on what could have implications for other cryptos. I have no problem changing direction as long as the alternative count makes sense and has some context to support the view. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Short
by AriasWave
SNX - Bearish Scenario - Potentially Going LowerPrice action overnight was not what was meant to happen. In my last video idea I mentioned that the move needs to be sharp up not sharp down. I have kept this count in the back of my mind in case something like this happens. Part of the reason for this idea is that I believe SHIB is completing a Wave D and will soon turn lower for another leg down. Due to the bearish price action and a lack of highs in recent SNX price action I feel the need to present this bearish scenario. If price goes above 4.135 then it would invalidate this count. I am tied up with a few things right now but I will post a video update later today. Not Financial Advice.
Short
by AriasWave
SNX - PRICE ACTION UPDATE - It Has Begun!!!It looks like we could be seeing the first signs of the third-of-a-third wave and higher prices are expected. It has taken a while to get to this point but it is better to track the waves before the fact. SHIB has already started on it's bull run and I believe other cryptos will follow closely behind. In this video I outline each wave since the June low and also touch on the latest smaller degree count. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX PRICE ACTION UPDATE - Low Risk Setup For Leveraged Traders.In this video update I get into the nuts and bolts of how I am using AriasWave to position myself for a low risk long trade. I am sharing this with you so you can see the thought that goes into making such trade plans. These types of setups do not come very often but when they do, you need to weigh up the risk to reward factor. Not losing patience and not jumping the gun is important but it also depends on how long you have been in the trade. This is probably one of the more detailed and in-depth videos that I put out from time to time. These patterns take time to evolve but the key is to find a great entry point using proper risk management techniques. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
ARIASWAVE CRYPTO MARKET UPDATE - Initiating Launch Sequence...In this video I explore the potential scenarios for these Crypto markets. They all seem to have one common theme as mentioned in my last Market Update. We need to see one more new all time high to complete the cycle for Wave 5's across the board. After that I believe there will be a time to take profits and consider what comes next. So far it has taken time for each of these Cryptos to form these potentially bullish formations. Let's see what the days ahead bring and whether or not we will see them continue to put some gains on the board. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
CAPITALCOM:XLMUSDLong
by AriasWave
1
SNX - PRICE ACTION UPDATE - Coiling Up For A Move Higher???In this video I continue to cover Synthetix which still appears to be on track to produce a move higher. There are many different points of interest that add credence to this idea which I also cover. The target is still and will always remain the all time highs especially if this trend change remains intact. We are seeing the potential topping process with this move being the last move before the massive decline ahead. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - PRICE ACTION UPDATE - A Series Of 1-2 Patterns.In this video I continue the coverage of Synthetix as it looks primed for a move higher. In this video I go into a bit more detail as to how to I see the entire correction complete for Green Wave 2. A confluence of meaningful support areas have served as a good base for the next move higher. If you are aware of how these patterns unfold then you will understand that the next move will need to be a sharp move higher. Third-of-a-third waves are usually the strongest part of a 5-Wave Move and also provide clues as to how they will continue to move along the way. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - PRICE ACTION UPDATE - The Drop Has Begun!When I say drop I mean for Wave (C) of Wave D which means the target is at a minimum $2.10 from current levels. If you would have seen my previous update posted yesterday you would have considered going short. Now in this update I provide you with further analysis which provides a higher probability of lower prices. As I have been mentioned lately I am covering 4 different crypto's so I am getting more of a sense as to what in happening in general. It appears as the though we have 2 more waves to complete before another large sell off. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Short
by AriasWave
1
SNX - SYNTHETIX - PRICE ACTION UPDATEIn this video I once again show you with proof and conviction how AriasWave has kept me in this trade despite the deep retracement. One of things I teach my members is that indicators and oscillators don't work and will likely cause you to get frustrated which will lead to more losses. The reason for this is because you have no proper and well established underlying reason to get into trades. Unless you are an insider trader or some kind math wiz let's face it, it is hard to understand where the patterns will go. When I first decided to create AriasWave, I saw it as a game of complex puzzles that have an underlying theme behind them. This is why you see these type of movements most of the time when I post these ideas. If you are sick and tired of losing money hand over fist maybe you should find out what is making you place these trades in the first place. Check out the previous SNX videos linked below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
SNX - SYNTHETIX - Trade Setup Using AriasWaveI have been scanning though a bunch of tradable cryptos on Binance and looking for interesting setups. This one in particular seems like a good fit especially for my members that will understand this one nicely. If you know the waves you can grow the gains with confidence and conviction. Check out this video and see how the trade plays out. If you find the knowledge useful, you may want to consider learning how to use AriasWave to identify these setups yourself. These setups are happening all over the place, right now it is hard for me to keep up with the demand for this knowledge. Here on this channel I provide you with the Cryptos that I feel have the most potential for some good gains with low risk. Try not to get attached to specific projects if you want to make money, instead try to find opportunities that make money. There will be a time when HODLing your favorite coins will be a great idea but that time is not now. We are in a bear market and all we are doing is trading bear market rallies. Enjoy the ride. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave