Synthetix is a decentralized liquidity pool provision protocol where users can borrow liquidity at low fees. Anyway, after a huge rise, SNX has been in a downtrend for a while. Recently, SNX broke the downtrend line as well as the minor one. Let's see how far SNX can go.
Less Lines...Less noise Just The important Levels. Jinny Gann Grid Levels are on the Chart possible Trendlines my WAY. Jinny Gann Grid/Horizontal Lines Works as Support / Resistance. Important levels for the Big Cycle on the chart. Trade Wisely.
As u can see snx formed bull flag plus bat pattern takin a sniper entry at thr zone u see in the chart
SNXUSDT is exhibiting a bullish divergence on the 1-hour (1H) time frame, signaling a potential bullish reversal. This divergence suggests a weakening of the prevailing downtrend and hints at a possible shift towards an upward trajectory. For traders contemplating a position, the following trading strategy is suggested: Entry: Consider initiating a long position...
SNX suggests a buy within these two ranges, regardless of btc
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Target: 5.5 - 7 - 8.2 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on...
SNXUSDT En: 3.797 (Ignore 3.687) Sl: 4.062 Tp1: 3.080 Cancel if crossed without opening: 3.400 #45Min_trade #N9
The price has descended beneath the Kumo Cloud, subsequently breaking and retesting Span B, a notable resistance level. The Kumo Cloud exhibits a bearish trend, complemented by a unanimous alignment of moving averages confirming the shift in market direction.
This for me is a double bottom with buying pressure. Risked $1 to find out for a 2 RR.
Waiting for a strong Breakout then open long position on it.
Significant moves by BINANCE:SNXUSDT driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level... Since then has been in a conjoining wedge - as fails to make headway in either direction - How I'm trading this: 1) Watch to see declining volumes on a...
With SNXUSDT currently at $3.805, positive indicators suggest a potential upward surge. Key trends in moving averages and RSI point to favorable conditions, hinting at an upcoming bullish movement. 📈 #SNXUSDT #UpwardTrend
💎 Paradisers, let’s zoom in on #SNXUSDT as it’s exhibiting a pivotal market behavior. SNX is currently nestled in a demand zone, poised for another assault on a key resistance area. 💎 #SNX recently faced a setback at the resistance level of $4.964. Presently, it's regaining strength in the demand zone. If it can maintain this upward momentum, we could see an...
On 4h TF I see a pullback with low volume reaching up to range 4.1 - 4.3 I think this range is potential short zone So wait for reject at this range Time will tell
🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power. Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on...
If it can get support from here, we can see a nice rise. It can be tried with a tight stop-loss. If it rises, I plan to sell half of the position at mid-channel resistance and the rest at 5. DYOR
In the 1-hour and 4-hour timeframes, there is a concentration in a corner, which can return to the specified supply area if the dynamic trigger line is broken. If the range of the blue line is broken, you can continue the correction up to the specified area, which can correct 100% of the previous wave.