SYNTHETIX - SNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SNXUSDT
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SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 06/24/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.40 USDT

My targets

My analysis

SYNTHETIX - SNX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.40 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SYNTHETIX - SNX/USDT rating is 1.63 USDT. The price has increased by +3.17% since the last closing with the lowest point at 1.57 USDT and the highest point at 1.65 USDT. The deviation from the price is +3.82% for the low point and -1.21% for the high point.

1.57

1.65

1.63

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SYNTHETIX - SNX/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.77	1.21	1.40	1.63
Change (%)	-52.76%	-25.77%	-14.11%	-
Change	-0.86	-0.42	-0.23	-
Level	Major	Intermediate	Minor	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.41	1.45	1.51	1.55	1.61	1.65	1.71
Camarilla	1.55	1.56	1.57	1.58	1.58	1.59	1.60
Woodie	1.43	1.46	1.53	1.56	1.63	1.66	1.73
Fibonacci	1.45	1.49	1.51	1.55	1.59	1.61	1.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.67	0.85	1.10	1.29	1.54	1.72	1.97
Camarilla	1.24	1.28	1.32	1.36	1.40	1.44	1.48
Woodie	0.70	0.87	1.14	1.30	1.57	1.74	2.01
Fibonacci	0.85	1.02	1.12	1.29	1.45	1.55	1.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.51	0.62	0.71	0.82	0.91	1.02	1.11
Camarilla	0.74	0.76	0.78	0.80	0.82	0.84	0.86
Woodie	0.50	0.61	0.70	0.81	0.90	1.02	1.10
Fibonacci	0.62	0.69	0.74	0.82	0.90	0.94	1.02

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	82.97
MACD (12,26,9):	0.1800
Directional Movement:	39.31
AROON (14):	100.00
DEMA (21):	1.44
Parabolic SAR (0,02-0,02-0,2):	1.33
Elder Ray (13):	0.29
Super Trend (3,10):	1.31
Zig ZAG (10):	1.64
VORTEX (21):	1.4000
Stochastique (14,3,5):	98.85
TEMA (21):	1.55
Williams %R (14):	-1.03
Chande Momentum Oscillator (20):	0.56
Repulse (5,40,3):	17.1700
ROCnROLL:	1
TRIX (15,9):	1.9900
Courbe Coppock:	96.49

MA7:	1.43
MA20:	1.17
MA50:	0.95
MA100:	0.81
MAexp7:	1.45
MAexp20:	1.22
MAexp50:	1.02
MAexp100:	0.92
Price / MA7:	+13.99%
Price / MA20:	+39.32%
Price / MA50:	+71.58%
Price / MA100:	+101.23%
Price / MAexp7:	+12.41%
Price / MAexp20:	+33.61%
Price / MAexp50:	+59.80%
Price / MAexp100:	+77.17%

Quotes : 2020-06-24 04:09:42 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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