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SYNTHETIX - SNX/USDT
SYNTHETIX - SNX/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: SNXUSDT
ISIN:

SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/01/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.01 USDT
My targets
2.33 USDT (+10.62%)
2.38 USDT (+12.84%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SYNTHETIX - SNX/USDT as long as the price remains well above 2.01 USDT. The buyers” bullish objective is set at 2.33 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.38 USDT. If there is any crossing, the next objective would be the resistance located at 2.68 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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.

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

Additional analysis

Quotes

The SYNTHETIX - SNX/USDT rating is 2.11 USDT. The price registered an increase of +7.65% on the session with the lowest point at 1.94 USDT and the highest point at 2.11 USDT. The deviation from the price is +8.76% for the low point and 0% for the high point.

1.94
2.11
2.11

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 SYNTHETIX - SNX/USDT in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.79 1.93 1.98 2.11
Change (%) -15.17% -8.53% -6.16% -
Change -0.32 -0.18 -0.13 -
Level Minor Major Intermediate -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.701.761.861.932.032.092.19
Camarilla1.921.931.951.961.981.992.01
Woodie1.721.771.881.942.052.102.21
Fibonacci1.761.821.861.931.992.032.09


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.670.991.341.662.012.332.68
Camarilla1.501.571.631.691.751.811.87
Woodie0.681.001.351.672.032.342.70
Fibonacci0.991.251.401.661.922.082.33


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.070.351.161.572.382.803.61
Camarilla1.631.741.851.962.082.192.30
Woodie0.130.451.351.672.582.903.80
Fibonacci0.350.821.111.572.042.332.80

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 76.49
MACD (12,26,9): 0.0400
Directional Movement: 32.93
AROON (14): 100.00
DEMA (21): 2.01
Parabolic SAR (0,02-0,02-0,2): 1.94
Elder Ray (13): 0.06
Super Trend (3,10): 1.94
Zig ZAG (10): 2.06
VORTEX (21): 1.2900
Stochastique (14,3,5): 90.21
TEMA (21): 2.02
Williams %R (14): -2.24
Chande Momentum Oscillator (20): 0.10
Repulse (5,40,3): 4.2700
ROCnROLL: 1
TRIX (15,9): 0.3300
Courbe Coppock: 8.79
MA7: 1.88
MA20: 1.46
MA50: 1.08
MA100: 0.89
MAexp7: 2.00
MAexp20: 1.95
MAexp50: 1.88
MAexp100: 1.83
Price / MA7: +12.23%
Price / MA20: +44.52%
Price / MA50: +95.37%
Price / MA100: +137.08%
Price / MAexp7: +5.50%
Price / MAexp20: +8.21%
Price / MAexp50: +12.23%
Price / MAexp100: +15.30%

Quotes : 2020-07-01 10:14:01 - Real time data - Cryptocompare

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

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