SNX (Y21.P2.E1).Stalking a breakout tradeHi Traders,
Hopefully you see this in time.
Gartley Harmonics
Cheers,
S.Sari
SNXWCRO_13A45A.USD trade ideas
SNXUSD - BULLISH PATTERN - 5TH APRIL 2021 SNXUSD
Breakout from the falling wedge, finding support at previous resistance trendline.
Reasons to be bullish
1) MACD green
2) RSI above 50
3) Breakout pattern of falling wedge
4) Resistance flip to support
5) Above 20MA, 100MA and 200MA
6) Support were found at 0.5 fib area, forming a strong support after the correction from previous pump, indicating further continuation of price pumping.
First level of resistance will be located at USD 41 at 1 fib area. If this section is broken then next resistance will be at USD 51 (1.382 fib) and USD 58 (1.618 fib)
Hold it to the moon guys !!!!
SNX/USD: Perfect Technical SetupNice break then retest of the trend line since Feb...look at the confluence of prior resistance and fibs...this is a great trade from a technical perspective...bullish above $22 and super bullish above $24.
SNX/USD: BULLISH SET UPSNX (Synthetix Network) Binance Chart
Ichimoku : The lagging span was blocked by the candle. Price still below the cloud so trend still bearish.
However
Kijun and Tenkan as support
And
Trend line : was broken which shows some signs of reversal. Price now retesting the trend line, could bounce and start an uptrend.
Targets: Fibo extensions on the chart
How to play it?
You could enter now with a stop loss just below the trend line (about 18.40) OR wait for the price to be back above the cloud and the lagging span to break the trend line. With the 2nd option you'll miss a part of the move but the change of trend will be confirmed.
Trade safe
SNXUSD : Pulback is breaking the downtrend linebuy zone : 18.5 ~ 19.3
enter according to market conditions.
SNX early bird ROI analysisSince there is a limited chart history of SNX the most we can look at is 1/2 a year of ROI, which it looks like we recently bottomed out on and if we continue to current pattern we should move back up. The weekly and monthly ROIs also look to be bottomed out and about to retract their old patterns. In my opinion we are starting to flatten out after the last retracement, will likely enter the next major move around $19 on the 30th or so. Either we enter a strangely bearish scenario despite the rest of the market being very bullish and our monthly returns plummet lower then they have been so far, or more likely, we enter a bullish impulse scenario up to around $60 is my thoughts which seems to be inline with other TA that has been performed recently on SNX.
SNX Down ChannelSNX 4Hr chart can be seen to have formed a down channel
multiple touches on bottom and top of channel
SNX/USD Daily bullflag about to breakDefi is resuming the uptrend and this has one of the better setups
SNX trade ideaSNX has been quiet lately in comparison to other alts, despite being a great crypto project. This is my current trade for SNX, I think the risk/reward is great here.
SNX Long Head and shoulders has finished its bearish move. If we see price stay above $18 we should see a continuation of the bull run.
- falling wedge breakout and potential retest of trendline/support level
Crypto Market & SNXUSD Technical Analysis & Predictions 3/12/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Synthetix created Long term ASCENDING CHANNEL!! $800??An Ascending Channel indicates a bullish trend with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.
In a bull market, every dip is a buying opportunity. Not financial advice, but if we follow the past trends, we can see a $800 SNX this year with a MAJOR correction and consolidation to the downside once hitting the resistance trend line again and maybe breaking it..!
SNX has a PERFECT market structure that Whales (BOTS) will buy into during the altseason and SNX has the opportunity to be BIG in the coming years ahead. We haven't seen nothing yet!
Altseason is coming. The best time to move BTC into altcoins is NOW! (due to BTC dominance looks heavily bearish next month!). Once all the "shitcoins" had the massive altseason run, I will be moving 50% profits into Ethereum , and stake it for long term investment. Other 50% will be use for Lambos and properties ;)
Good Luck!
"Be fearful when others are greedy, and greedy when others are fearful." - Warren Buffet
$SNXUSD | Imminent Correction Followed by New HighsLook for an imminent correction to occur over the next several weeks/months followed by new highs. Potential reversal points highlighted on chart.
Synthetix Network Token: Amazing Progression I've been following Synthetix Network Token (SNX/USD) for six months with continuing amazement. SNX no doubt is going to be a future powerhouse derivatives trading protocol. Fortunately for us, it's still in its infancy and can be accumulated on exchanges at an incredibly cheap price. This token is one of my long term "Hodl" and staking cryptos (along with BTC, ETH, XLM), but in addition, it also serves as a fine swing trade crypto (like Kyber Network, for example) to net some quick, juicy gains to roll back into the hodl bags. This token can move fast and furious, so be sure to keep it on your watchlist! This chart will help you track its trajectory.
*Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
**If you have strong hands, patience, and you like big wins and big money, follow me. I track all 37 USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative position/swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based on a combination of Wyckoff market phasing, Elliott Wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
