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Synthetix / Tether USD

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SNXUSDT trade ideas

SNX - a sleeping giantFor those who don't chase what is hot in the now. And want to accumulate what has strong fundamentals and a good value proposition to make a run later in this cycle. I suggest doing a deeper dive into Synthetix and all its ecosystem has to offer. Under a billion FDV as of publishing (883M) - the fundamental utility of holding SNX allows the holder to mint SUSD at will = Creating digital dollars has always been one of the best fundamental usecases of Defi. Top it off with the strong possibility of an Infinex airdrop, the latest and innovative hybrid CeX/DeX built by many of the same team as the Synthetix creators. Strong ecosystem, fundamentals, and prospective airdrop, I believe SNX is in deep value, accumulation range right now. Fibonacci retracement is very accurate in dictating levels of resistance and possible take profit strategies.
Long
by macleanjames455196366365
Snxusdt Trading opportunitySNXUSDT has broken out of a downtrend channel, and the pullback has shown a strong bounce, presenting a favorable opportunity for bullish movement. The important demand area serves as a good zone for re-accumulation if the market provides the opportunity. In the event that the price continues to hold up and breaks our immediate resistance level, our plan is to go long on the pullback towards it, targeting the provided levels on the charts, including the internal supply zone and the external supply area as the final setup target. Your engagement with comments and likes will be appreciated. Thank you.
Long
by weslad
4
#SNX/USDT #SNX We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $2.50 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.60 First goal 3.26 The second goal is 3.60 The third goal is 4.20
Long
by CryptoAnalystSignal
📈💰 "SNX Analysis: Waiting for Bitcoin's Move" ⏳📉💹 Let's dive into analyzing this cryptocurrency coin for trading in lower time frames. 💰 In the weekly timeframe, we're still within a weekly box, and we've faced heavy rejection from the box's ceiling and weekly resistance. We're seeing red candles, and one of the reasons for this event is the correction in Bitcoin and the short-term conflict between Iran and Israel, which led to the decline in most altcoins. 🕓 ⏳ In the 4-hour timeframe, after this coin's decline, it's still in a period of consolidation and oscillation within a short-term box, just like other coins. It hasn't been able to undergo price correction after the decline, and it's in a period of adjustment. 🔍 For a short position, our daily support is defined, and we'll have an appropriate trigger for our short position. After breaking the support line at 2.710, we can open our short position along with the downward trend in the 4-hour timeframe. 📊 For a long position, we can enter after the 4-hour line at 3.146, albeit with risk. However, better coins for long positions will be available this week. But if the volume of our green candles is increasing when reaching this line, you can open your long position early. A logical long position would be after 3.847. 🔄 Currently, Bitcoin is the main coin and has a significant impact on altcoins. It's best to also review Bitcoin's charts these days before opening a position. There's a possibility that SNX may break its support line and experience a decline. But it's enough for Bitcoin to reach its box bottom and rise from the $61,000 support level. In this scenario, altcoins will undergo deep corrections, and your stops may be activated. However, if Bitcoin rises and maintains its support level, your altcoin will experience a significant decline and provide you with substantial profit in your short position. 🌟 Our upcoming supports are at 2.414, 2.187, 1.969, and our resistances are at 3.424, 3.847, with the most important weekly resistance at 5.142. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
Short
by RealMRA
1
SNX ANALYSIS🔮 #SNX Analysis - Breakout Trading 🌟🚀 #SNX was trading in a Bearish Pennant Pattern in weekly time frame and breakout the pattern. But due to Middle East tautness the price dropped heavily. Now we get another chance for entry, Middle East tensions cause more correction than our expectations and right now testing solid support☑️ Expecting Higher High Soon still Expecting 3-4x Bullish Wave In coming days 💲💲 🔖 Current Price: $2.941 ⏳ Target Price:   $6.459 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits💸 #SNX  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts