#SNX/USDT#SNX
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.711.
We are seeing a downtrend on the RSI indicator that
SNXUSDT Bouncing from Channel SupportSNXUSDT Technical analysis update
SNXUSDT has been trading inside a clear descending channel for the last 1700 days. Recently, the price touched the lower support of the channel and is now showing signs of a bounce.
If the current momentum continues, SNX could move upward toward the upper resista
SNX Analysis (1D)SNX has broken an old trigger line and is also forming a CP within a channel.
We are looking for buy/long positions in the Demand zone.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital man
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone.
💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantl
SNX's bullish situationBINANCE:SNXUSDT
what is better than an already broken falling wedge!
The expected resistance and targets are shown on the chart!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.