Structure broken, not filling here / dumped what I was holding at 2.40. Will look to add at 1.60 if they give me it
Bullish on synths. I think SNX could trade at around 12$ again by mid 2024.
I've been watching this parabolic cryptocurrency rally since $16,500 / BTC. SNX has the fastest legs. Other high-quality cryptocurrencies include Litecoin, Ethereum, Dogecoin, Monero, Bitcoin Cash, and Polygon.
It was just 2 months ago when we called for a short-term bullish move on Synthetix (SNXUSD) and projected a major break-out in January 2023: The projection was modelled out of the Lower High legs of the Bear Cycle since May 18 2021. All three fractals pointed to a break of the May 2021 Lower Highs trend-line by the end of January 2023, with the one that has...
SNX rejecting of 200ema on daily charts. Stoch Rsi crosses losing momentum and on RSI divergence. Great short opportunity.
SNX is one among many alts currently in redistribution patterns after Bitcoin's last pullback. Supply volume is entering in the vertical bars as the PA attempts to cut through microtrend support. Will it continue to pullback or will it correct back into the wedge, it remains to be seen. I still hold a bearish bias & I'm expecting an eventual mitigation at 1.50 USD...
looking like its about to fall off of a cliff with the rest of crypto as a whole. few levels lower marked. easily looks like another 50% drop. would be insanity if it falls to the lower levels, would certainly buy if theres anything left and we close that gap. cheers guys
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...
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...
EQHs Below Bearish order, price will seek to clear out the liquidity at EQHs to mitigate the bearish orderblock then to take out sell side liquidity
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.
chart-art shows POSSIBLE uptrend , green trend-line means bullish;. Over the ma line can_be 🐂, & under will be bearish! Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor pls , by scammaniacscrypto101
H&S for the reversal. nothing really anything else to list here. Feedback welcome.
🎲 #SNXPERP #SHORT #SCALP #IDEA 🎲 "Roll The Dice" Risk - Medium - High Entry Conditions: - Bearish Harmonic - Bearish Market Sentiment - Bearish Divergence News Source: - N/A Entry: $2.744 Take Profit 1: $2.6270 Take Profit 2: $2.4750 Stop-Loss: $2.8785
Hello Traders! 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...