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...
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...
High Inflation, exorbitant fees, new releases always two weeks out. DAO members dumping monthly stipends (2000 SNX per month per member).
Do not be fooled, this project is going to zero. It is a science experiment, unfortunately with suckers' money.
For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional...
After a 95% drop from its top, SNX formed with its fall the ABCDE waves and at the end of its E wave it still created a head and shoulder inverse shoulder with a target at $7.50.
An opportunity that can give us up to 150% profit.
This review is for study only, do your own review.
This analysis becomes invalid if BTC continues its decline.
SNX is moving within the descending trend. The price found support at $2.08-2.65, after which the local upward movement within the correction framework began.
At the moment, the price is in the resistance zone - the range of $3.53-4.25. In case of continuation of the main (descending) trend, we will be interested to see the price reaction near the...
Original projection from 16 July. Pretty big move based on those very igh daily volume spikes. Its never good to ignore large stopping volume like what we saw on the 16th.
Pretty nice positive gain for anyone who got in that low.
Starting to hit sell pressure so keep an eye on previous demand zones for a reversal. Plan accordingly.
SNX is ready for an upcoming uptrend!
On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout!
The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4).
You can set your profit target...
More large volum espikes into low prices sowing down downward progress of price. .looks lik ea very high amount of buying against the selling. Expecting a markup here.
One level at a time. Remember to always take some profits so you are net positive... if you want.
Seeing a falling wedge that started on 7/7
Also, 12-hour candlestick chart shows a bearish reversal (3 bearish soldiers) followed by a doji touching the tip of the bottom bollinger (doji has a higher low than the end of the bearish soldiers)
⚡️I know not much of you are on synthetix and don't deal with that but wanted to put this chart out there for you guys anyway, I don't really have to say or explain much for you to see just how big of a drop we've experienced and just where we are now on the chart. But if we're being honest, most of the crypto sector is like this as well. What matters...
While crypto and Bitcoin struggle to find their footing and make up some ground Synthetix has decided to take another route and go up quick instead.
Synthetix is looking at this large rally following the approval of it's proposal SIP-120 which eliminated the 10 minute waiting period you would have to deal with when trading between Synths. With the new as well as...
Hello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn.
What we actually see on SNXUSD is an impulsive five-wave...