SNXUSD ❕ inverted hammerOn 4H price formed an inverted hammer.
The chart has fixed under the 50EMA on 4H TF.
RSI is moving in the sellers zone.
I think that SNX will continue to decline.
SNXUSDT trade ideas
Synthetix Network token SNX price starts a difficult upward moveRecently, SNXUSDT price has finally managed to break out of a prolonged downtrend.
We assume that the current local price consolidation outside of the downtrend is coming to an end. And the SNX price may have quite a bit of growth ahead.
Take profit 1 - $3.55 (+25%)
Take profit 2 - $3.85 (+35%)
Take profit 3 - $4.40 (+55%)
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SNXUSDTHello dear friends
✔️ The long-term downtrend line has been broken.
At the same time, we have a positive RSI divergence in the daily time frame.
✔️ The support range ($1,523) is well maintained.
❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us.
Considering that LL has not been formed on the downward trend, if a higher high is formed in the lower time frame, it can be a short-term confirmation.
What do you think?
SNX LONGLonging SNX from the suppport and to fill the inducement below and from there we long the market.
BUY SNXSNX appears to be a promising buy at the moment. If you decide to invest, consider holding it for potential long-term gains.
SNX, How scalp the Breakouts Again!o snx has been pumping yes and we already know how to do trendlines, so lets look a this. the marke maker broke the trendline, retested it TWICE and the he pulled the market to resistance, without breaking it., However when support holds. we will test resistance so we know we will test 3.24
However your liquidation price must be underneath the convergence of trendline and price action support. All trades do not start in profit, position size is important, more often that not u were liquidated because of position size.
So u will see if u are trading on a computer and click the play button, entry points based on that very trendline when we retrace or a break and retest of trendline for the short. Trading is very easy, Position size is hard
snx sellBINANCE:SNXUSDT has been reached to its channel midline , and was tried to breake 3 times ,but now i think that would be reject
SNXUSDTGood time friends, we are at your service with another analysis, this time #snx
⚡️ with 150% growth probability
We have provided you with the daily chart of this index; The pattern you see in the chart is called "Diagonal Reverse Header". This pattern is one of the strongest bullish patterns.
The yellow line also shows the possible movement and temporary corrections of this index.
You can see that the collar of this pattern is broken and it is a signal for buyers. Risk-taking people can enter the purchase now, and low-risk people can also wait for a pullback on the collar of this pattern.
The loss limit of this transaction is 2.47
Maximum profit 8.1
Risk to return 8
⚠️ Note that this transaction and analysis is intended for spot.
Be successful and profitable
Safe entry after defeating the blue boxConsidering that this currency has come out of its downward channel, the possibility of a growth of up to 34% for this currency is not far from expected, but the condition for entering a long position is to break the resistance range in the blue box.
But if we do not see a positive reaction to break this range, it is possible to return to the support price which is 17% lower.
Follow us to make us happy
Brief Analysis ——SNXToday, we share three tokens, all of which were relatively popular yesterday. They are LINK, DOT and SNX.
Before July, SNX had completed the repair of FUD. Then the price entered a callback and rose last Thursday. The volatility and volume of the rising this time was higher than the previous average. Price pumped to the highs of MAY on Friday but finally forming a long pin-bar. Even so, the bears took control and after a pullback, SNX rose again on Wednesday. While the candle had another long pin-bar yesterday, as far as the current candle is concerned the bulls is in the lead .
Conclusion: The high probability rise has not ended. SNX is neutral on a large scale and bullish on a small scale. Although the number of upward pin-bars have increased, the price still stay at this position. So we draw this conclusion. We set resistance level at high, 3.3, and support level at the low of callback, 2.56.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
SNX trend change.SNX :
The asset has broken its weekly bearish trend line and is trying to consolidate for a trend change to a bullish structure.
We are looking for entry points for a long position.
Be careful and don't forget that Bitcoin leads the market. Everything follows it.
SNX Short 2.5RRThe price tested the strong resistance in the 2.8 range. Got rejected. The volume traded began to decrease. I am expecting the price to decrease to 2.4 level
Snx Short Term IdeaSnxusdt
Snx price is breaking down this pattern on hourly time-frame we can expect a 10-20% drop for short-term
Dyor
SNXUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 2.7 - 3.2 - 4
after first target reached move ur stop to breakeven
Stop: ~1.65 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
long SNXNYSE:SNX broke through the resistance level. Bullish movement to $2.4 is expected to happen.
SNX Scalp LongWe notice the bearish trend line has been broken
And the entry of liquidity into the market
It is not a requirement for a correction of the entry area, it may rise from the current price
I apologize that my English is not good
Good luck to all
target
2.15$
stop lose
1.96$
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Synthetic is going to go towards 3$ or upper Personal idea: Currently this zone around 2.3 - 2.5 is critical and any support in this zone, will give synthetic at least 30% growth chance. Good 🙂 luck 👍
SNX Synthetix Triple BottomSNX (Synthetix) has recently formed a triple bottom pattern, indicating a potential bullish reversal in the near term. The triple bottom pattern is characterized by three successive lows at approximately the same level, followed by a potential breakout to the upside. This pattern often signifies a strong support level and can foreshadow a price rally.
Considering the formation of the triple bottom pattern, SNX may be poised for a potential price target of $2.40. This target represents the potential upside that could be achieved if the pattern plays out as anticipated.
Looking forward to read your opinion about it!
Snx Finally Breaking out Seems Like Getting Ready For Another Massive Bullish Impulse Formed & breaking Falling Wedge Incase Of successful Breakout Expecting 80 to 90% Bullish Wave
SNX- Next to PUMP? Has been a great past few days for me with some insane calls, especially AAVE yesterday and already on SNX:
They way i operate is this:
I work on many charts, i choose the best one. At this time of time I like SNX chart a lot:
close to support, has potential for much higher.
NEWS:
Synthetix founder wants to buyback and burn millions of SNX tokens
QUICK TAKE
Kain Warwick, the founder of Synthetix, has come up with twelve proposals to incentivize the next phase of the project.
Among these included a “SNX split and buyback” proposal that involves a 3:1 split of SNX, followed by a buyback and burn.
Kain Warwick, founder of decentralized derivatives trading protocol Synthetix, proposed 12 substantial governance proposals to propel the platform into its next phase.
These initiatives strive to broaden Synthetix’s capabilities and stimulate increased participation from its community members, as outlined in Warwick’s “State of Synthetix” post.
A significant proposition is the “SNX split and buyback” proposal in the post. Warwick suggested a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield.
“Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further clarified that the funds required to burn these tokens would be sourced from the treasury fee yield.
Introducing quarterly bonuses
Another proposal, termed the “core contributor alignment,” seeks to incentivize project contributors by distributing Synthetix Network Tokens (SNX) as quarterly bonuses. Warwick believes this strategy could secure ongoing commitment to the protocol’s success from the platform’s contributors.
Additionally, Warwick proposed the allocation of SNX for trading incentives. This aims to stimulate trading volume and foster increased market activity on the Synthetix platform. Beyond this, he suggested giving SNX to stakers to boost their involvement and commitment to preserving the platform’s stability.
The Synthetix platform supports decentralized derivatives trading within its liquidity pools, which currently boast a total value locked (TVL) of over $420 million on Ethereum and the Optimism Layer 2 network.
The purpose of presenting proposals, Warwick said, was to start a conversation and ensure the Synthetix community is kept in the loop about potential directions for the platform. The proposals will be put to a vote by the Treasury Council (TC), Synthetix’s four-member governance body, which is responsible for resource allocation for the protocol’s expansion and growth.
Currently, these suggestions remain in the conceptual stage, needing votes to progress. “Nothing has been confirmed by a Treasury Council vote yet; however, many of these proposals have garnered support within the ,” Warwick commented.
Link: www.theblock.co
Looks like Synthetix is a good idea for me..
Targets:
2.45
2.8
3.7
Support:
2.154
1.968
One Love,
The FXPROFESSOR
PS. And let's hope market opening helps now
Snk Looks Ready For Decent Recovery Looks Promising For Midterm Forming Descending Channel In 3 Days Timeframe & Building Up For Massive Breakout Incase Of Successful Breakout Expecting 300-320% Bullish Wave In Midterm
