Synthetix (SNX) SNXUSD 3d - 1 week mid/long term SNX rank: 192
SNX coin previously showed strong movements and was at the center of hype, with a significant rise from the bottom to the top.
If we stretch the Fibonacci retracement from the low to the high, we can see that the price came to the golden level 0.618, where the new accumulation zone
Bearish Pressure with Key Resistance at $1.00
The price is trading in the lower half of the Bollinger Bands, suggesting weakness.
Support Levels: Around $0.85 - $0.90 (Recent lows)
Resistance Levels: Around $1.00 - $1.10 (Bollinger mid-band & psychological level)
Bearish Bias: The price remains below the moving average and in the lower Bol
SNXUSDT BULISH I believe this coin may not experience a sharp bullish movement right now. The targets are achievable in the midterm, but if the candle closes below the stop loss, the idea will be considered invalid.
Note: My ideas are not intended for any type of scalping or scalpers!
Here are my other ideas:
Technical Analysis of Synthetix Network Token (SNX/USD): Key LevThis analysis examines the price movement of Synthetix Network Token (SNX) on the weekly timeframe. The structure of the waves and key trendlines have been identified to help traders determine entry and exit points.
Key Highlights of the Analysis:
Strong Support Zone ($1.75–$1.429):
The price
SNX Possible Power of three. (most complete description)I think it brewing a long term power of three. As the momentum narrative is about solana and shitcoins, and as snx is bellow 8 monthly EMA, I think that it's not the best time to take it. When eth/btc reverses, and a big volume spike a good green candle, so could be a good time to entry in it.
Rem
SNX FRVP analysisUsing the fixed range volume profile tool over the last two days, we can see we have a POC at ~1.628. The last rally from approximately the 5th-11th resulted in a POC at around 1.511 which we hovered around dipping slightly below before starting the next rally up. If we follow the same trend this we
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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