SNXUSDT
SNX/USDT: Bullish reversal on going?---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SNX/USDT: Bullish reversal on going?
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets SNX suffered about negative global market situation
- SNX is expected to try to exit from the bearish channel or at least testing the upper part at 5,55
Market configuration
- Graphical Elements :
Graphical Resistance = 5,55 & 29
Graphical Support = 1,55 & 0,99
- Mathematical Indicators:
EMA ( Exp Moving averages) are being reintegrated = bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B is set at = 1,55
Fibonacci resistance of the wave in progress = 5,55
Fibonacci support of the wave (C) B(max extension) = 0,99
Fibonacci Bullish Target = 14,20
Conclusion
Preferred case => Regarding the mid-term element,SNX is expecting to do a bullish reversal from the area we are now. we are bullish above 1,55 towwards 5,55 the upper part of the bearish channel and we expected then a bullish exit towards 14,20
Alternative cases => Breaking 1,55 a significant drop will open the door towards 0,99
Snx🚫update🚫
(#SNX)-----> long📉
🔵leverage -----> ×15
___________________________________
🔴Stop Loss ------» 2.84
⚪Entry price -----» 2.05
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🟢targets
TP1 -------> 🟢
TP2 -------> 🟢
TP3 -------> 🟢
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risk rate (+3:1-)
⚜️ Good luck everyone ⚜️
SNXWait for the entry price to reach
(#SNX)-----> long📉
🔵leverage -----> ×15
___________________________________
🔴Stop Loss ------» 2.220
⚪Entry price -----» 2.345
___________________________________
🟢targets
TP1 -------> 🟢
TP2 -------> 🟢
TP3 -------> 🟢
---------------------------------------------------------
risk rate (+4:1-)
⚜️ Good luck everyone ⚜️
[ALTCOIN] SNXUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
It is one of the coins that our team is watching.
It is giving a lot of support in the deep yellow downward trend. It is a very reliable downward trend that has never been missed.
This means that even if it falls, it only falls to this trend line.
Currently, it is rising along the thick red upward trend, but there is a high possibility that it will reach the thick yellow downward trend once again.
First of all, if you break through the blue sharp downward trend line, test it, and settle on the upper thick red upward trend line, it will be a stable sale.
SNX TA - maybe big trade opportunityI opened a Long just few days ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on SNX :
► Bounce from the previous support bottom of this triangle.
► Very very high risk reward ratio
► It's very oversold on the RSI
But I am still neutral to this chart!
⚡Just to notice. We ar right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡
Disclaimer: DYOR. No financial advice. Just for your impression.
SNX/USDT: Accumulation zone!As shown on chart SNX is trading near its confluence area, and forming a rounded bottom structure on daily time frame signifying the upside potential is good for the coin.
I'd say its good time to accumulate, if market will provide good liquidity this coin has further more potential.
Key levels mentioned on chart
$SNXUSD | Model Predicts New HighsHello Traders,
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model. A break of the support zone nullifies this set up.
Look at related Idea for a broader picture.