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 08/15/2020 (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

89%

11%

My opinion

Bullish above 5.51 USDT

My targets

6.91 USDT (+0.57%)

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 5.51 USDT. The buyers” bullish objective is set at 6.91 USDT. A bullish break in this resistance would boost the bullish momentum. 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

8.9

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 6.87 USDT. The price registered an increase of +11.71% on the session and was traded between 5.93 USDT and 7.39 USDT over the period. The price is currently at +15.85% from its lowest and -7.04% from its highest.

5.93

7.39

6.87

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this SYNTHETIX - SNX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:

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 : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2.87	3.85	4.48	6.87
Change (%)	-58.22%	-43.96%	-34.79%	-
Change	-4.00	-3.02	-2.39	-
Level	Intermediate	Intermediate	Minor	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.71	4.33	5.24	5.85	6.77	7.38	8.29
Camarilla	5.73	5.87	6.01	6.15	6.29	6.43	6.57
Woodie	3.87	4.40	5.39	5.93	6.92	7.45	8.44
Fibonacci	4.33	4.91	5.27	5.85	6.44	6.80	7.38

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):	78.44
MACD (12,26,9):	0.7500
Directional Movement:	37.04
AROON (14):	92.86
DEMA (21):	5.61
Parabolic SAR (0,02-0,02-0,2):	4.67
Elder Ray (13):	1.56
Super Trend (3,10):	4.53
Zig ZAG (10):	7.03
VORTEX (21):	1.2100
Stochastique (14,3,5):	80.83
TEMA (21):	5.92
Williams %R (14):	-10.57
Chande Momentum Oscillator (20):	2.77
Repulse (5,40,3):	28.3900
ROCnROLL:	1
TRIX (15,9):	2.1700
Courbe Coppock:	93.52

MA7:	5.37
MA20:	4.45
MA50:	3.47
MA100:	2.23
MAexp7:	5.59
MAexp20:	4.71
MAexp50:	3.65
MAexp100:	2.74
Price / MA7:	+27.93%
Price / MA20:	+54.38%
Price / MA50:	+97.98%
Price / MA100:	+208.07%
Price / MAexp7:	+22.90%
Price / MAexp20:	+45.86%
Price / MAexp50:	+88.22%
Price / MAexp100:	+150.73%

Quotes : 2020-08-15 13:44:55 - Real time data - Cryptocompare

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

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