SNX
(SNX) Synthetix looks goodSNX looks like a good play , touching support and we also have BTC.D going up can reject anytime soon and go down and altcoins will do lovely run. I believe we go up over 50-70% in the next coming month or weeks.
Do not over complicate things, hold spot.
I believe this and RSR will be good plays in the incoming months.
SNX HereFor about 150 days, the Snx was priced between $ 7 and $ 14 and is returning to the support level.
It is also in the long-term channel.
I think we can wait for the order volume around the price of 7.4 - 8.4
If supported, it can move towards the target of 10-13-17 and +25
Breaking the $ 7 level could also be the beginning of a downtrend
SNX/USDT Trade Setup. Expecting 40% growth!!!SNX broke above the falling wedge, and currently, it is at the retest zone. Expecting a good profit of 30% to 40% from the entry-level.
Entry: $9.832 to $10.102
Stop Loss: $9.04
Targets:
$11.16
$11.94
$12.78
$13.05
Accumulate the dip to average your entry.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
SNX/ETH : Make it or break it!Chart is fairly straight-forward. I rounded up the S&R values to make it easier to reason about.
So, what are we looking at?
SNX has been in a steady downtrend vs ETH ever since March 2021. We can see somewhat of a fractal forming between the bottoming structure back in Feb-June 2020 and May-present. One important difference, of course, during the previous bull run, SNX was bouncing from the 90-day EMA on daily, whereas now it's acting as resistance.
Imo, SNX needs to break up by mid October as triangles usually are less likely to break out favourably the closer they are to the apex.
What is the course of action?
If you're a more cautious trader, you may want to wait for the diagonal resistance to break to the upside. SNX can be quite explosive, therefore be ready to buy the retest if one is given.
For the more aggressive type, it may be time to get yourself into a position with a stop just under 0.003 (-10%) or 0.0028 (-16.5%) and wait for the breakout.
This is a risky trade any way you look at it.
Downside is considerable at -50% to the first proper support at 0.0015 ETH, not considering the USD devaluation that comes with it. Similarly, USD gains are expected higher. Keep that in mind.
Targets
TP1: 0.0064 (+91%)
TP2: 0.017025 (+220%)
TP3: 0.015 (+347%)
Best of luck!
PS: This is not financial advice.
SNX USDT LONG SWING TRADE | SNXUSDT | LONG @ 10.5 - 11 | TP @ 11.5, 12, 12.5, 13, 13.5 | SL @ 9.5 | PATTERN = N/A |
Testing my first swing trade on TradingView, not my first swing trade ever. PNF chart on the hourly shows a trend reversal.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
SNX-USD Reaching the end of a retracementHey guys!
I'm currently HODLing some SNX that I recently bought due to the vibe I got from the hourly chart of COINBASE:SNXUSD . There's a clear rhythm (up and down seasons) to the Madrid Moving Average Ribbon that would suggest that we're reaching the bottom of the "down" season for SNX that started around 09/16. If history repeats itself, we'll see a $4-$6 jump by Thursday morning. Let me know what you think in the comments!
David
SNX/BTC buy opportunityHi followers,
BINANCE:SNXBTC may be ready for another nice move up,
after period of sideways consolidation, higher lows, buying power stepping in.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!