If you missed Aave well we have good news. This will be Aave Jr. Just like the Band call that was given at 1 dollar, this will be the one to ride if you have missed Ethereum or Aave. Target is 23 short term. Long term targets are insane bc DEFI will now lead this market and everything else will follow
We might see SNX correcting to 0.5 or 0.618 of this bull leg before advancing to $24-35 which is 1.618 to 2.618 fib levels.
In my opinion SNX is primed to be the number 1. DeFi project just because investors can trade derivatives (multi-trillion to unknown overall market value, possibly quadrillion)
Remeber, current DeFi market cap is (ONLY) 33.2 Billion...
Very strong coin. Amazing potential. Not even sure it will retrace to 10$.
Strategy to go in :
- Buy now 12$ (25% of your capital invest on this coin)
- if retrace a bit :
Rebuy at 11$ (add 25%)
- if retrace to 10$ :
Rebuy at 10$ (All in)
Sell Before 20$ and don't be greedy.
- As always check BTC king !
Happy Tr4ding !
Snx.x looks ready to rip with a local top around $20 in the next 5 days. This price target remains heavily dependent on bitcoin holding support at 32k.(likely)
It is most certainly ALT season! Here is yet another ALT in th bull zone.
SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours).
Support: ~ $12.98
From there, it can grow 59% possibly, in just days.
These bull indicators are flagging:
-Stochastic @ 30m in sub 20 zone
@1H in the 50...
I stand by my statement that if you are looking to ape into something and you believe that 1) Ethereum is going to be HUGE and 2) that you believe DEFI will return a higher ROI than this is the one for you. We've stayed above the daily candle closes as prior resistance. I'm looking for a big move into the 23 dollar range short term. Long term we can talk later...
Another token I'm watching is SNX. Good project with good fundamentals (DYOR).
Looking strong TA wise, I'm looking for pullback to 13.2-13.7 range for a long entry, with targets being tp1: 20.7 and tp2: 24.4.
SNX held strongly during the btc bleed as well, not going lower then 14.8, which leads me to believe that I probably won't get the ideal entry, so...