SNX Bullish long term outlookSNX is showing a clear bullish accumulation structure.
After breaking above resistance and confirming it as support our next real target is 7.7 dollars.
The chart is really simple, and I wouldn't enter a leveraged long here. However, if you have a long term goal of holding certain tokens this one has tremendous upside and looks incredibly bullish.
I'll see you at $7.7
SNXUSDT
SNX/USDT bullish horizons from Demand Zone? 👀🚀 SNX Analysis💎 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 ambitious push towards the significant resistance level at $6.006.
💎 Nonetheless, navigating the unpredictable crypto market demands flexibility in strategy. If #SNX struggles to keep above the $3.806 demand level, a strategic rethink may be required.
💎This scenario might see us anticipating a bullish recovery from a lower support at $3.227. Importantly, if NYSE:SNX slips below this crucial support, it could be a harbinger of a bearish trend.
🔥SNX Trying to Break 1-year Channel: What Are The Targets❓🔥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 Bitcoin of course to make the right decision.
💥The 2 targets are on chart. Enjoy it!
like❤️ and follow
#SNXIn 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.
SNX/USDT Break the key resistance area. Bullish Momentum??💎 SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend.
💎 Presently, SNX is demonstrating a robust bounce during its retesting phase at what was previously resistance, now serving as support. This positive momentum suggests a probability continuation of its upward journey, with our next goal being a formidable resistance area.
💎 However, there is a concern: if SNX fails to maintain its upward trajectory and loses support upon returning to this area, it could signal a false breakout. Such a scenario would not bode well for SNX's future direction, possibly leading to a downward trend back towards the demand area.
💎 At the demand level, a strong rebound is essential for SNX. If it fails to show a significant recovery from this zone, there's a risk of further breakdown. This could lead SNX into a deeper bearish trend, potentially moving towards a stronger support area.
#SNX/USDT#SNX
The price is trading in a large descending triangle and has been gaining bullish momentum recently
Supported by reversal triangle patterns
The price is now in the downtrend breach zone at
the current price of 2.37
With the first goal 3.27
Second goal 4.32
With oversold conditions
During the uptrend there may be some price correction
SNX: Pullback in UptrendTrade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) confirmed bullish trend reversal to Uptrend. Price has reached and got rejected 3x at $3.75 resistance and pulled back, which could be an opportunity to get on the Uptrend. The nearest horizontal support areas are $3.40 and $3.00, which also line up with 23.60% and 38.20% Fibonacci Retracement Levels.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $3.40 (previous resistance), then $3.00. The nearest Resistance Zone is $3.75, then $4.40.
🌟📈 SNX Token's Potential Upswing 🚀🔍💥 SNX Breaks Out of Accumulation Box: The Synthetix (SNX) token, in its weekly timeframe, has recently exited its accumulation box, observed in the past two weekly candles. However, the primary uptrend hasn't kicked off yet due to the overall market conditions and resistance from Bitcoin and Total 2.
📊 Range Boundaries Broken: Previously, SNX was trading within a range of $1.850 to $3.206. It has now breached this range, indicating potential for further movement.
📈 Bullish Outlook with Targets: If the market trends upward, SNX could be a lucrative coin in the next bullish wave. The initial target is set at $4.264, but I personally aim for a $7.5 target in my trades.
🔝 Volume Confirmation: The increase in volume during its upward movement confirms the positive trend.
🚦 Caution Advised: Don't rush to buy until clear signs of market movement reappear. A deep correction in Bitcoin could push SNX back into the range box.
🕒 Timeframe for Entry: Utilize 1-day and 4-hour timeframes for better entry points.
⚠️ Stop Loss Tip: Avoid setting a tight stop loss to prevent getting stopped out by minor fluctuations.
🔑 Related Categories:
1.Trend Analysis
2.Support and Resistance
3.Volume Analysis
📣 Share your thoughts on SNX's future! 🌐💬 #SNX #CryptoAnalysis #TradeCityPro
What Is Synthetix (SNX)?
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
📚 Remember: Financial markets are unpredictable. Always do your research and invest wisely! 🧠💼
SNX ANALYSIS (1D)This symbol appears to be inside a large B wave that has become a triangle. Now at the end of wave d of B is big. If it reaches the specified green range, you can look for buy/long positions
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SNX / SNXUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
SNX/USDT planning bullish move? 👀 🚀 Synthetix Today analysis💎Paradisers, SNXUSDT is currently showcasing a noteworthy pattern, having retested its resistance level and now positioned within a demand zone, indicating a potential for a bullish trajectory.
💎 In the past, Synthetix has adhered to a descending trendline, breaking above it to initiate an ascent and retesting a resistance level. Presently, it finds itself back in a demand zone, and the prospects of it embarking on a bullish path from here are strong.
💎 The immediate target appears to be the resistance at 2.532, with the subsequent aim to overcome the bearish Order Block.
💎 However, should the price of #SNX dip below the demand zone, there's no need for alarm, but it does increase the likelihood of a retest at the support level. It's crucial to approach this with a strategic mindset.
Synthetix (SNX) started growingAfter a long correction, Synthetix started growing!
This chart shows the weekly time frame. So, look for a position daily and go long for the target I showed you in the chart.
Do not forget to put a stop-loss as the stock goes crazy sometimes! :)
Let me know your opinion by pushing like or your comment! :))
Will SNX go up by another 50%?Hello everyone!
Synthetix is another asset that has been trading sideways for a long time. On average, the movement from one side of the trading channel to the other is 50%.
Currently, the asset is in a good buying zone. The RSI indicator also shows that it is oversold.
Targets on the chart.
This is not financial advice, and anything you do is at your own risk.
SNX/USDT Break the key level area. Confirm to continue UP ??💎 SNX has undeniably captured the market's attention with its breakout from the supply area, a feat it has achieved after several attempts. This breakout is typically followed by a retest phase, and it's likely that SNX will enter such a phase at the demand level of $2.53, which previously acted as a supply zone.
💎 There is a strong chance that SNX will rebound from this level, the probability it towards our target supply zones with considerable upward momentum.
💎 However, should SNX fail to hold the demand area during the retest and breach below it, the scenario could turn bearish. The next critical demand level to watch would be $2.175. A bounce from this lower level is essential for SNX to maintain its bullish posture and attempt to reclaim the $2.53 level. Failure to hold the $2.175 level could signal a bearish shift, potentially sending SNX back to its foundational support levels.
Synthetix Clean Breakout on WeeklyLong SNX in the short term as it breaks out of the long term down trend on the ETH/SNX pair.
With alts like SOL and AVAX moving up in the 100s of % recently I wouldn't be surprised if SNX has a decent break and joins in some of the fun, thats if BTC keeps stable.
NFA - just an idea
SNX ANALYSIS🔮 #SNX Analysis
💰💰 #SNX gave a breakout of symmetrical triangle pattern and trying to retest the levels. If #SNX closes above $2.8 then we will get a confirmation of a bullish trend. 🚀🚀
💸Current Price -- $2.632
📈Target Price -- $4.452
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SNX #Cryptocurrency #Breakout #DYOR