SYNTHETIX - SNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SNXUSDT
ISIN:

SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 08/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 4.48 USDT

My targets

5.51 USDT (+6.45%)

5.95 USDT (+14.88%)

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 4.48 USDT. The buyers” bullish objective is set at 5.51 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.95 USDT. If there is any crossing, the next objective would be the resistance located at 6.91 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SYNTHETIX - SNX/USDT rating 5.18 USDT. On the day, this instrument lost -8.16% with the lowest point at 4.82 USDT and the highest point at 5.97 USDT. The deviation from the price is +7.47% for the low point and -13.23% for the high point.

4.82

5.97

5.18

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

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.

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

RSI indicator is overbought : over 70

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 scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2.87	3.85	4.48	5.18
Change (%)	-44.59%	-25.68%	-13.51%	-
Change	-2.31	-1.33	-0.70	-
Level	Intermediate	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	4.21	4.53	5.09	5.40	5.96	6.28	6.83
Camarilla	5.40	5.48	5.56	5.64	5.72	5.80	5.88
Woodie	4.33	4.59	5.20	5.46	6.07	6.34	6.95
Fibonacci	4.53	4.87	5.07	5.40	5.74	5.94	6.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.60	3.08	3.72	4.20	4.83	5.32	5.95
Camarilla	4.04	4.15	4.25	4.35	4.45	4.56	4.66
Woodie	2.67	3.12	3.79	4.24	4.91	5.35	6.03
Fibonacci	3.08	3.51	3.77	4.20	4.63	4.89	5.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.37	1.15	2.55	3.33	4.73	5.51	6.91
Camarilla	3.34	3.54	3.74	3.94	4.14	4.34	4.54
Woodie	0.67	1.30	2.85	3.49	5.03	5.67	7.21
Fibonacci	1.15	1.99	2.50	3.33	4.17	4.68	5.51

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):	65.13
MACD (12,26,9):	0.5300
Directional Movement:	31.56
AROON (14):	100.00
DEMA (21):	4.96
Parabolic SAR (0,02-0,02-0,2):	4.06
Elder Ray (13):	0.85
Super Trend (3,10):	3.92
Zig ZAG (10):	5.07
VORTEX (21):	1.1600
Stochastique (14,3,5):	84.33
TEMA (21):	5.10
Williams %R (14):	-36.29
Chande Momentum Oscillator (20):	1.28
Repulse (5,40,3):	2.6400
ROCnROLL:	1
TRIX (15,9):	1.9300
Courbe Coppock:	78.67

MA7:	4.76
MA20:	4.13
MA50:	3.28
MA100:	2.12
MAexp7:	4.86
MAexp20:	4.27
MAexp50:	3.40
MAexp100:	2.58
Price / MA7:	+8.82%
Price / MA20:	+25.42%
Price / MA50:	+57.93%
Price / MA100:	+144.34%
Price / MAexp7:	+6.58%
Price / MAexp20:	+21.31%
Price / MAexp50:	+52.35%
Price / MAexp100:	+100.78%

Quotes : 2020-08-13 18:35:03 - Real time data - Cryptocompare

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

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