SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 2.33 USDT
My targets
2.38 USDT (+0.89%)
2.68 USDT (+13.73%)
My analysis
The bullish trend is currently very strong on SYNTHETIX - SNX/USDT. As long as the price remains above the support at 2.33 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.38 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.68 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USDT price is 2.36 USDT. The price has increased by +1.29% since the last closing and was traded between 2.33 USDT and 2.42 USDT over the period. The price is currently at +1.29% from its lowest and -2.48% from its highest.2.33
2.42
2.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1.69 | 1.79 | 1.93 | 2.36 |
| Change (%) | -28.39% | -24.15% | -18.22% | - |
| Change | -0.67 | -0.57 | -0.43 | - |
| Level | Minor | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.66 | 1.80 | 2.06 | 2.20 | 2.47 | 2.61 | 2.87 |
| Camarilla | 2.22 | 2.25 | 2.29 | 2.33 | 2.37 | 2.40 | 2.44 |
| Woodie | 1.72 | 1.83 | 2.13 | 2.23 | 2.53 | 2.64 | 2.93 |
| Fibonacci | 1.80 | 1.95 | 2.05 | 2.20 | 2.36 | 2.45 | 2.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.99 | 1.34 | 1.66 | 2.01 | 2.33 | 2.68 |
| Camarilla | 1.50 | 1.57 | 1.63 | 1.69 | 1.75 | 1.81 | 1.87 |
| Woodie | 0.68 | 1.00 | 1.35 | 1.67 | 2.03 | 2.34 | 2.70 |
| Fibonacci | 0.99 | 1.25 | 1.40 | 1.66 | 1.92 | 2.08 | 2.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.07 | 0.35 | 1.16 | 1.57 | 2.38 | 2.80 | 3.61 |
| Camarilla | 1.63 | 1.74 | 1.85 | 1.96 | 2.08 | 2.19 | 2.30 |
| Woodie | 0.13 | 0.45 | 1.35 | 1.67 | 2.58 | 2.90 | 3.80 |
| Fibonacci | 0.35 | 0.82 | 1.11 | 1.57 | 2.04 | 2.33 | 2.80 |
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): | 77.90 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 30.60 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.36 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 2.28 | |
| Zig ZAG (10): | 2.39 | |
| VORTEX (21): | 1.4100 | |
| Stochastique (14,3,5): | 85.36 | |
| TEMA (21): | 2.43 | |
| Williams %R (14): | -19.80 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7200 | |
| Courbe Coppock: | 16.89 |
| MA7: | 1.98 | |
| MA20: | 1.54 | |
| MA50: | 1.12 | |
| MA100: | 0.92 | |
| MAexp7: | 2.37 | |
| MAexp20: | 2.27 | |
| MAexp50: | 2.11 | |
| MAexp100: | 1.98 | |
| Price / MA7: | +19.19% | |
| Price / MA20: | +53.25% | |
| Price / MA50: | +110.71% | |
| Price / MA100: | +156.52% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | +3.96% | |
| Price / MAexp50: | +11.85% | |
| Price / MAexp100: | +19.19% |
Quotes :
2020-07-02 04:43:54
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Real time data
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