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SNXUSDT.PS trade ideas

SNX Wave 5 4.236 (fixed)Assuming macro wave 4 has bottomed and we are running up now in wave 1 of 5 I have had to ignore the very unusual wicks in wave 1. But also tried to incorporate them in a loose sense where they do indeed show some confluence! I admit this is a bit hopeful. The macro wave 3 is formed so nicely but the wave 1 is very problematic My vague background knowledge is that fundamentally this is a potential blue chip providing financial derivatives services for defi which could be many $trillions industry in just a few years fixed to show fibs properly
Long
by mikestro
SNX Wave 5 4.236Assuming macro wave 4 has bottomed and we are running up now in wave 1 of 5 $1000 SNX would be $114B MCAP! I think the ~$490 looks more likely either way timeframe is 100-300 days I have had to ignore the very unusual wicks in wave 1. But also tried to incorporate them in a loose sense where they do indeed show some confluence! I admit this is a bit hopeful. The macro wave 3 is formed so nicely but the wave 1 is very problematic My vague background knowledge is that fundamentally this is a potential blue chip providing financial derivatives services for defi which could be many $trillions industry in just a few years
by mikestro
#SNX #SNXusdt ideal buy setup synthetixHey everyone SNX is at a bottom right now. Ofcourse it all depends on BTC, but if this bottom is held.. the breakout for SNX could be huge.. making a triple bottom at current level + triangle breakout. As you can see, SNX is at the ATL for the chart. SNX fundamentally is a fine coin, so I am not worried about that. Ideal buy zone: NOW (4.5) to 3.2 (bottom of triangle) If this setup fails, still a perfect coin to keep in our hodl wallets imo. Until better times arrive. Gl traders.
Long
by Bitcoinleverage
SNXUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. You see that the R1 line was a resistance area which the price has hit and fallen several times. Now it is broken. There is the R2 area which can be the next target for the price. Now the price is moving between R2 and S1 zones. It is possible for the price to have some correction and then move up to the R2 zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
SNXUSDTHello to all dear traders, I hope you always hunt for big profits. DISCLAIMER: This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. everyone should buy and sell according to their own strategy. Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
by Bibres2003
SNXUSDT might be soon at bargain prices. Huge profit potential.SNXUSDTPERP might be soon at bargain prices between $4 and $2.58, potentially going all the way up to $30+ if a new rally begins when the huge money comes back into the market and new excited buyers jump on board of the crypto fever. In my opinion, you can safely enter 5x at the levels indicated. Contact me via direct message if you wanna buy Binance Futures trading signals. **This is not financial advice, do your own research. Trade at your own risk.
by dormond
Synthetics (SNX) Analysis 07/03/2021Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market. The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix. Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia. Peter McKean, the project’s CEO, has over two decades of experience in software development. He previously worked as a programmer at ICL Fujitsu. Jordan Momtazi, the COO of Synthetix, is a business strategist, market analyst and sales leader with several years of experience in blockchain, cryptocurrency, digital payments and e-commerce systems. Justin J. Moses, the CTO, was the former director of engineering at MongoDB and deputy practice head of engineering at Lab49. He also co-founded Pouncer. What Makes Synthetix Unique? Synthetix is a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is designed in a way that exposes users to the underlying assets via synths, without having to hold the underlying asset. The platform allows users to autonomously trade and exchange synths. It also has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange. The platform tracks the underlying assets using smart contract price delivery protocols called oracles. Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for third-party facilitators. SNX tokens are used as collateral for the synthetic assets that are minted. This means that whenever synths are issued, SNX tokens are locked up in a smart contract. Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency. How Many Synthetix (SNX) Coins Are There in Circulation? The maximum supply of SNX is 212,424,133 coins, of which 114,841,533 SNX is in circulation as of February 2021. At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation. How Is the Synthetix Network Secured? The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees. Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards. Total of 3 TPs with Fibonacci Projection if 2 TP triggered then 3 TP is confirmed easy trade it is
Long
by BitonGroup
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