This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
With SNX breaking down in a bearish trend, it seems unlikely that the support will hold. The next leg of the structure has the potential to tap the liquidity area. This area will tap the stop hunts. The price of this area is ranged from $0.5-$0.6.
As shown on chart SNX is trading near its confluence area, and forming a rounded bottom structure on daily time frame signifying the upside potential is good for the coin.
I'd say its good time to accumulate, if market will provide good liquidity this coin has further more potential.
Key levels mentioned on chart
SNX has been making great moves lately (attempting to invalidate the resistance line that keeps hanging around its neck, and SNX's introduction of synthetic gold and silver can be a game changer, might be slow, but this is in demand for sure. Follow it and see if a massive breakout is in store!
Hello Traders I hope you are well and safe. Today am Discuss #SNX/USD For Short. Here is a Full Analysis of #SNX/USD. When price Test Supply Area then the Nice opportunity for short. If you have any queries then leave a comment. Thank you
broken out of longterm falling wedge
obv going sky high bullish
and theres still some bullish div to play out i think
might not reach the .618 in the near term
but this is a bullish setup
and the network just recieved a big upgrade as far as im aware