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SYNTHETIX - SNX/USDT
SYNTHETIX - SNX/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: SNXUSDT
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SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/02/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 2.33 USDT
My targets
2.68 USDT (+10.45%)
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 2.68 USDT. The bullish momentum would be boosted by a break in this resistance. 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.

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
7.7

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 2.43 USDT. The price registered an increase of +4.29% on the session with the lowest point at 2.33 USDT and the highest point at 2.44 USDT. The deviation from the price is +4.29% for the low point and -0.41% for the high point.

2.33
2.44
2.43

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

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



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.69 1.79 1.93 2.43
Change (%) -30.45% -26.34% -20.58% -
Change -0.74 -0.64 -0.50 -
Level Minor Minor Intermediate -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.661.802.062.202.472.612.87
Camarilla2.222.252.292.332.372.402.44
Woodie1.721.832.132.232.532.642.93
Fibonacci1.801.952.052.202.362.452.61


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

Technical indicators
Moving averages

RSI (14): 79.77
MACD (12,26,9): 0.1000
Directional Movement: 27.92
AROON (14): 100.00
DEMA (21): 2.42
Parabolic SAR (0,02-0,02-0,2): 2.35
Elder Ray (13): 0.08
Super Trend (3,10): 2.28
Zig ZAG (10): 2.41
VORTEX (21): 1.4100
Stochastique (14,3,5): 86.80
TEMA (21): 2.44
Williams %R (14): -11.73
Chande Momentum Oscillator (20): 0.14
Repulse (5,40,3): 1.1700
ROCnROLL: 1
TRIX (15,9): 0.7200
Courbe Coppock: 15.93
MA7: 1.99
MA20: 1.55
MA50: 1.12
MA100: 0.92
MAexp7: 2.38
MAexp20: 2.29
MAexp50: 2.12
MAexp100: 1.99
Price / MA7: +22.11%
Price / MA20: +56.77%
Price / MA50: +116.96%
Price / MA100: +164.13%
Price / MAexp7: +2.10%
Price / MAexp20: +6.11%
Price / MAexp50: +14.62%
Price / MAexp100: +22.11%

Quotes : 2020-07-02 07:28:55 - Real time data - Cryptocompare

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

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