Target 0.75Following weeky chart.
Breakout is on the way, other indicators supporting the huge potential.
I'd stop under 0.18
TP1: 0.75
TP2: 1.08
Tp3: 1.36 which are fibo levels.
Long
Synthetix Network Token / USDC
No trades
No trades
Compare with Synthetix Network Token / USD Coin on OPTIMISM (0x71d53B5B7141E1ec9A3Fc9Cc48b4766102d14A4A) in USD
Trading activity
Transactions 906
BuysSells
393513
Volume 1.5 KUSD
Buys volumeSells volume
611884
Traders 69
BuyersSellers
3930
Crypto info
Long
Synthetix (SNX) SNXUSD 3d - 1 week mid/long term SNX rank: 192
SNX coin previously showed strong movements and was at the center of hype, with a significant rise from the bottom to the top.
If we stretch the Fibonacci retracement from the low to the high, we can see that the price came to the golden level 0.618, where the new accumulation zone
Long
$SNXUSD - some juicy targetsCOINBASE:SNXUSD looks great for a long. Locked in from $0.57. Targets provided good luck to all traders.
Long
Bearish Pressure with Key Resistance at $1.00
The price is trading in the lower half of the Bollinger Bands, suggesting weakness.
Support Levels: Around $0.85 - $0.90 (Recent lows)
Resistance Levels: Around $1.00 - $1.10 (Bollinger mid-band & psychological level)
Bearish Bias: The price remains below the moving average and in the lower Bol
Short
SNXUSDT BULISH I believe this coin may not experience a sharp bullish movement right now. The targets are achievable in the midterm, but if the candle closes below the stop loss, the idea will be considered invalid.
Note: My ideas are not intended for any type of scalping or scalpers!
Here are my other ideas:
SLong
Technical Analysis of Synthetix Network Token (SNX/USD): Key LevThis analysis examines the price movement of Synthetix Network Token (SNX) on the weekly timeframe. The structure of the waves and key trendlines have been identified to help traders determine entry and exit points.
Key Highlights of the Analysis:
Strong Support Zone ($1.75–$1.429):
The price
Long
crypto bull's hedge pointclose below = waterfall
countertrend trade
whole market bull
this one a weakling
a good hedge point for your other crypto longs
SShort
Synthetix - The Mother of all comebacksSynthetix Graph Seems really nice for this bull. Major Updates coming. They are planning to displace CEXs with their new Infininex Mobile app. Great Bet for this cycle.
Long
SNX Possible Power of three. (most complete description)I think it brewing a long term power of three. As the momentum narrative is about solana and shitcoins, and as snx is bellow 8 monthly EMA, I think that it's not the best time to take it. When eth/btc reverses, and a big volume spike a good green candle, so could be a good time to entry in it.
Rem
Long
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral