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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 07/02/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 2.01 USDT
My targets
2.33 USDT (+2.37%)
2.38 USDT (+4.43%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SYNTHETIX - SNX/USDT. As long as you are above the support located at 2.01 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.33 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 2.38 USDT as an objective. Crossing it would then enable buyers to target 2.68 USDT. If the support 2.01 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8

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 price is 2.28 USDT. The price is lower by -2.15% since the last closing with the lowest point at 2.28 USDT and the highest point at 2.47 USDT. The deviation from the price is 0% for the low point and -7.69% for the high point.

2.28
2.47
2.28

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows the following items:

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


A technical analysis in 1H of this SYNTHETIX - SNX/USDT chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 2

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:

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 doji star

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.69 1.79 1.93 2.28
Change (%) -25.88% -21.49% -15.35% -
Change -0.59 -0.49 -0.35 -
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
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.26
MACD (12,26,9): 0.0600
Directional Movement: -12.62
AROON (14): -14.29
DEMA (21): 2.45
Parabolic SAR (0,02-0,02-0,2): 2.47
Elder Ray (13): -0.06
Super Trend (3,10): 2.46
Zig ZAG (10): 2.30
VORTEX (21): 1.0300
Stochastique (14,3,5): 22.12
TEMA (21): 2.42
Williams %R (14): -93.68
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -5.8000
ROCnROLL: -1
TRIX (15,9): 0.5600
Courbe Coppock: 4.90
MA7: 1.97
MA20: 1.54
MA50: 1.12
MA100: 0.91
MAexp7: 2.38
MAexp20: 2.36
MAexp50: 2.21
MAexp100: 2.06
Price / MA7: +15.74%
Price / MA20: +48.05%
Price / MA50: +103.57%
Price / MA100: +150.55%
Price / MAexp7: -4.20%
Price / MAexp20: -3.39%
Price / MAexp50: +3.17%
Price / MAexp100: +10.68%

Quotes : 2020-07-02 14:37:06 - Real time data - Cryptocompare

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

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