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SNXUSD

SNX price has growth prospects for at least x2-x3. Where to buy?Last week, buyers of SNX were very active and managed to organize a +70% increase. This is a good result, but they still failed to break through the trend line that has been stretching since the beginning of 2021 and consolidating price above it. (If you narrow the chart, you will see the entire trading history of SNXUSDT) And although it was not possible to break above the trend line, this maneuver indicates that we need to monitor SNX more carefully. If you asked us where it is safe to buy SNX in your medium or long-term investment portfolio, we would answer: if the SNXUSDT price does not fall below $2.20 in the coming days/weeks, it is a strong long. Or wait for SNX buyers to break through the upward trend line and gain a foothold above $3.15 The choice is yours) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
SNXUSD Steady bullish breakoutSNXUSD crossed over the Bear market's Falling Resistance for the 2nd time this month on a clear long term bullish signal. It is already 3 weeks after the Golden Cross (1d) formation. Trading Plan: 1. Buy on the current market price. Targets: 1. All Fibinacci retracement levels on by one up to 9.000 (Fibonacci 0.618, the Golden ratio). Tips: 1. The MACD (1d) is on a Rising Support. Indicating a tend shift to long term bullish. Please like, follow and comment!!
BINANCE:SNXUSDLong
by TradingBrokersView
1
Synthetix (SNX) Ignites Market ExcitementIntroduction: Synthetix (SNX) is a decentralized protocol that allows the creation of synthetic assets on the Ethereum blockchain. It has been gaining popularity in the cryptocurrency market due to its unique functionalities and innovative approach to synthetic assets. In this technical analysis, we will examine the SNX/USDT trading pair and provide an overview of its current trend and potential price movements. Current Trend Analysis: SNX/USDT has been moving in an uncorrelated manner compared to most of the coins in the cryptocurrency market, indicating strong price strength. This strength can be attributed to the major resistance level that was broken on the daily timeframe. This breakthrough suggests that the mid-term uptrend is likely to continue. Price Predictions: Based on our technical analysis, we anticipate a major 40% price increase from the current level. However, investors need to watch out for a new lower low, as this could invalidate the bullish outlook. Conclusion: In conclusion, the SNX/USDT trading pair presents a promising opportunity for investors to participate in the growth of the Synthetix protocol. Its unique functionalities and innovative approach to synthetic assets make it a valuable addition to any investment portfolio. With the current trend and potential price movements, it is crucial to stay informed and vigilant to make the most out of this opportunity.
Long
by CryptoPAMM
SNXUSD About to test the mid-2021 Resistance!It was just 2 months ago when we called for a short-term bullish move on Synthetix (SNXUSD) and projected a major break-out in January 2023: The projection was modelled out of the Lower High legs of the Bear Cycle since May 18 2021. All three fractals pointed to a break of the May 2021 Lower Highs trend-line by the end of January 2023, with the one that has come the closest in candle action being the black. As you see not only did it hold the Support Zone but at the same time matched perfectly the January rebound that followed. Ideally we would like to see a weekly candle closing above the 1W MA50 (red trend-line) for the first time since September 2021, but the Lower Highs trend-line would be a significant break-out on its own. The Fibonacci retracement levels can provide a fair target framework SNX marches its way into the new Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SNXUSD
by TradingShot
3