Synapse (SYNUSDT) broke again today above the 1D MA50 (blue trend-line) after holding the 1D MA100 (green trend-line) which provided Support. The trend since the July 28 High has been a Channel Down, which on the overall rebound move since the June 17 bottom remains a technical Bull Flag. That is of course as long as the Higher Lows trend-line since June holds.
A break below it, should be taken as a bearish break-out signal and target the 0.800 Support Zone. On the other hand, if the Bull Flag lives up to its use, and the price breaks above the 1D MA200 (orange trend-line), expect a massive bullish break-out move towards the 4.000 - 4.3100 Resistance Zone.
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A break below it, should be taken as a bearish break-out signal and target the 0.800 Support Zone. On the other hand, if the Bull Flag lives up to its use, and the price breaks above the 1D MA200 (orange trend-line), expect a massive bullish break-out move towards the 4.000 - 4.3100 Resistance Zone.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.