You can short SNX on crypto futures market, if you want to profit from upcoming crash. There is an descending triangle, which is a bearish pattern. Also, the major trend line is broken and bulls could not defend the trend line.
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Although lower timeframe presents a lower high, this is a very speculative long based on:
Support from a 2W high
Using Binance Funding and Premium Index as a leading indicator
Importantly, DXY not pumping
I'm going to go through all the major DeFi Crypto offerings over the next little while. Calling it "In Depth Defi". Instead of "In DepthFi". Still unsure on that one. If you like it, enjoy, and feel free to leave a like. If you dislike it, also leave a like, just aggressively click the button. I'll be able to tell the difference.
Synthetix started as a...
Synthetix Network (SNX) has been one of the most profitable investments this year. However, the token is now facing a bearish outlook.
Recap: The Synthetix project is among the largest exchanges in decentralized finance. They have partnered with ChainLink to bring information about asset prices to blockchain without the need of a central party. Synthetix allows...