SNX may be able to break the both dynamic and static resistance areas as the rsi has retested the dynamic resistance...
Stay for pullback on 8.50 ,please. Market is really dangerous now !!!
-Thanks-
On the weekly chart, it's pretty clear that SNX has been on a major downtrend for months. It broke past the .786 retracement and is now heading toward previous support from October/November 2020.
Who knows if it'll ever reach previous ATH again, but if it does, it will be a massive run up.
Be cautious trading this.
This is not financial advise. These are just...
As always, this is not financial advice. This is simply what I am doing.
It looks like the recent bear action has been especially unkind to Synthetix Network Tokens (SNX). But today is starting to look like it is establishing a floor last seen in June. I am still long on SNX as I believe in the team, the platform, the idea of free trading of derivatives across a...
Knowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be...
With SNX mainnet still likely a month or so out, have we finally found the bottom in price action? I don't honestly know the answer and charts can only provide clues. Anyone who says they can predict with certainty is a liar.
Again, this is NOT financial advice. This is simply what I am doing. I bought approximately 2765 Synthetix Network Tokens (SNX) on...
Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Synthetix ( SNXUSD ), an altcoin cryptocurrency.
#CryptoPickk notes the following:
1) Synthetix price has been falling since February 2021 when it met the all time high.
2) The price is around a crucial Fibonacci Retracement level of 0.786 at around $6.85-$7.00.
3) Along...
---Kwenta Testnet Takeaways, Next-Price Orders, SIP 80 and 184, and Synthetix Bottom Line---
The following is taken directly from the Synthetix io Blog update, dated 1 December 2021 and titled, "Futures Update." These are only excerpts and you would be well served to read the entire blog update.
Kwenta Testnet Takeaways: "Much progress has been made and numerous...
SNX retesting the monthly support after being smashed
for weeks. SFP forming with a breakout on lower time frames.
Additionally It has retested the sloped trendline. I
am awaiting bullish divergence before entering
Fundamentally SNX is an unreal project with a great team and community
so no bad for along term hold.
Entry-7.71652000
SL-7.08133000
This is a one-hour chart. As you can see, Synthetix was taking a beating along with much of the altcoin market only to fall off a cliff a day ago. I'd refer to this as a black Friday sale on SNX! If you missed out at that price, you likely missed out forever. Now, Synthetix Network Tokens begin their long climb out of this hole on the heels of a multitude of SIPs...
