SNX is having a strong recovery so I think it will reach 27$ soon or even 40$ zone in March. But buy it now is not a good idea, because it still have a possibility to retest 17$ zone in next days.
-Buy: 16.5-17.5$. SL if B
-Buy: 20.5-21.5$ if A. SL if B
-Sell: 26-27.5$. SL if A
-Sell: 38-40$. SL if A
-Sell: 16.5-17.5$ if B. SL if A
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It remains to be seen if it can rise along the uptrend line (2) and rise above 20.397 points.
If it falls, you need to make sure you get...
SNX Synthetix was selling on March 2020 for 0.3usd.
On February 2021 the price was 96X higher, 28.8 usd.
What made it so valuable during this period to worth $3,889,181,156???
Who is manipulating the price?
What happened last year?
Well, during March 2020 and February 2021 Covid happened. And people stayed at home and didn`t spent their money on restaurants,...
Synthetix (SNX)/USDT rate (February 2021 through April 2021)
Just a couple speculative paths of potential price action.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own...
Price is testing support off of the trendline and also the 78% fib level. In addition to this price has formed a harmonic pattern after the drop to the full retracement level (green zone). Check comments for more.
As indicated in my last idea, SNX has broken the yellow parabola and closed a daily candle outside. Therefore we're cleared to go lower now.
Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.
The indicators are also very bearish with...