Two falling wedges are evident one really large one that led to a breakout and this one we are now seeing that is a bit smaller.
I'm looking for a W pattern to form which I am showing with the bars pattern and arrow
This allows the breakout of the second falling wedge to continue.
Synapse bounced off the support area. Asset broke through the descending trendline. Bullish movement to resistance level at 1.125 is expected to happen.
Think we largely saw a fakeout in the crypto market which led many to believe that the bearish turn is here. However, I think we have one more push up in many coins that haven't already touched their 200DMA.
$SYN meets that criteria. I think we're likely to see one more push up from here for a potential 25-35% gain.
I'm looking to be fully out of all crypto...
Not financial advice.
I'm a huge fan of this protocol
It's like ATOM on Steroids.
Please compare Marketcap of these 2 projects and it can be easily seen how when the markets turn around this is one you want in your portfolio.
But under current conditions.
We must double bottom here I believe at .41-.42c and if that level doesn't hold I'd look for .30-.33...
SYN has had positive momentum lately.
The broader crypto market will likely have a strong influence over the future patterns of this asset.
A small pullback is expected here -- looking for a recovery bounce off of the lower bound of the channel.
