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SNX

SNXBTC - Critical Point, Breakout or Fakeout?We're at quite an interesting point with SNXBTC right now, sat on top of what was a strong descending paralled channel after a breakout of the aforementioned channel, or is that a fakeout? That is the question! After the break of this channel the price has since dropped back and is now ready to either head up to the next level of resistance, or drop back into the channel and continue ranging through this area. We've got a nice level of support on the underside but if the price os truly trending in this channel we could see this level get broken as the market pushed further south. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
by theCrypster
6
✳️ Synthetix vs Bitcoin Also Looks Good For Easy 100%SNXBTC has the same chart as everything else in this market... Follow me! A long-term higher low, Dec. vs June 2022. Strong RSI near support. Trading above EMA10. After the big altcoins grow, it is time for the small ones to follow. We were expecting for everything to grow and these charts are pointing to just that. Expect the BTC pairs to move ahead. Not only this one, I saw many, many others with similar charts. The growth can happen fast. Big strong candles... Be prepared. Set your sell order on target before the action starts. Do not wait to sell manually, build a plan and deploy it. Namaste.
Long
by AlanSantana
SNX Short Chance for another Leg Down!!Here is another SNX/USDT Chance for Short Position, In the continuation of the sales transactions we had, a middle correction towards the Fibonacci specified in the image is possible, and by completing this correction, we can re-enter the selling position from the specified ranges towards the lower targets. Pay attention that this movement can take a day or two, but the Fibonacci range is important for entry!! Friends who own the currency can accompany it in advance because there is a possibility that Fibo will not be seen and return from the current limits, but these ranges are for opening. Making a new position does not give us good risk and reward, so friends who are looking for a new position should wait until we enter the position at least in the 38% Fibonacci range 📊
Short
by SasanSeifi
2
Synthetix Network Token | Easy 111%+ PotentialHere is a pair before the bullish breakout... Synthetix Network Token (SNXUSDT). For this pair, we have a higher low compared to June but still trading below EMA50. Since we've seen how the other altcoins are moving, we know that SNXUSDT will follow, or at least we can make this inferrence from the chart signals. Or we can say this is a setup with low risk (tight stop-loss) and a high potential for reward. Synthetix Network Token can easily grow over 100% on its next bullish wave. There can always be more of course, I am being conservative. Thank you for reading. Namaste.
Long
by AlanSantana
2
SNX long term outlook This is a long term chart of SNX with a breakout around 1/17-1/30 2023 coinciding with the macro structure of the chart. Looks as though the bearish pattern has played out but there could another sell off as the head and shoulders is debatable on where you measure either it is -80% down or 87% which would be another large sell off in December. Since the Dxy has recently sold off one would think that the crypto market players would notice but it seems that was not the case. This leads me to believe that once the Dxy bounces of this range there will be another sell off only for crypto to rally once that is done i.e the first two weeks of January. Time will tell. This range is about DCA’ing in at lows during sell offs and stacking positions. However the longer term outlook still remains and doesn’t change in my opinion.
COINBASE:SNXUSDLong
by Tony-Stake
2