Get started

SNXUSD

SNXSynthetix’s SNX token rose over 14% in the past 24 hours as developers said the protocol’s decentralized autonomous organization (DAO) had renewed a deal with liquidity provider Jump Crypto. DAOs are entities that have no central leadership, and are owned and governed by their members. Their decisions are carried out by software rather than by human managers. “Jump Crypto’s experience in data-driven trading and liquidity provisioning will complement Synthetix’s mission to become the liquidity backbone for on-chain derivatives,” developers said in a tweet on Thursday night. The Chicago-based trading firm is expected to work closely with the Synthetix network to provide liquidity across listed assets and product feedback. Jump Crypto provides liquidity services and investments, and it participates in project governance. Synthetix didn't immediately respond to a request for comment. SNX rose to as much as $3.37 during Asian trading hours before profit-taking caused the price to decline to $3.25 at press time. The tokens have gained over 19% in the past week, but only 4% compared with the past month after a market-wide decline pushed prices to monthly lows of $2.13 in early July. However, the fundamentals remain strong. Since March, Synthetix has recorded trading volumes of over $2.8 billion, mainly from its atomic swaps and perpetual swaps products. Atomic swaps refer to an exchange of cryptocurrencies from separate blockchains. These use Uniswap and Chainlink live prices to ensure traders' accurate execution. Popular products on Synthetix include ether (ETH), bitcoin (BTC) and chainlink (LINK) token derivatives traded against Synthetix USD (SUSD), a dollar-pegged stablecoin. The pairs have seen over $40 million in trading volume in the past 24 hours, Nomics data shows. Market Cap $355,347,258 On the technical side: If we consider the weekly TF. We have a weekly timeframe built on big timeframes. You can work from the border of the lower channel and gain position during the test.
Long
by MaxsimusTrade
18
Synthetix SNX - Bullish head and shoulders! Elliott wave SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target here, between 9.19 USDT to 8.02 USDT. We have a huge descending parallel channel and I think we can definitely break through this channel! I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
COINBASE:SNXUSDLong
by UnknownUnicorn2537518
24
SNXUSD May Have A Completed Complex CorrectionHello Crypto traders, today we will talk about cryptocurrencies, specifically SNX Token in which we see pretty nice bullish development from Elliott wave perspective. Cryptos in general are actually trading at very deep, but important and interesting support zone, from where we can expect a bullish turn. What we actually see on SNXUSD is an impulsive five-wave rally in 2020 till 2021 and complex W-X-Y corrective decline from 2021 highs into first half of 2022, which suggests a bullish continuation in the future. Well, from technical point of view, SNX retraced perfectly back to the former wave (4) support area, from where we can already see sharp rebound that can be signal for a completed correction and bullish reversal. However, keep in mind that real bullish confirmation is only above 8.15 region, so in case if we get an impulsive five-wave recovery up there, then we can easily expect a bullish resumption back to all-time highs. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
SLong
by ew-forecast
9
📊 SNX moved 70% up ! Will it fall back down?Hello, dear TradingView members. This idea is an SNX analysis. SNX moved 70% up after their tweet. And the exciting fact is that the market is still not overbought. On a daily basis, the market isn't strong enough. Still, if we shorten the timeframe, we can see a bit of potential for moving higher. Two scenarios are possible for this chart: Scenario one: The price will push straight up or use support to break the resistance to the higher resistance levels Scenario two: The price will stay below the resistance area, and it'll lose power to reach higher levels in the next couple of days. The Speedometer indicator shows Buy volumes on the market for SNX on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
20
SNX - Snaking into the rabbit wholeReasons to take short ⭐️ BTC is bearish ⭐️ Trend bearish ⭐️ Level is 13d old ⭐️ Level is visible on multiple timeframes ⭐️ Volume at top ⭐️ 4th touch ⭐️ Under VWAP We need more accumulation near the level before considering short. Instrument has to consolidate Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
1
[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. ------------------------------------------------------------------------------------------------ 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.
by BIT_INVEST