SYNTHETIX - SNX/USDT
SYNTHETIX - SNX/USDT
- USDT (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: SNXUSDT
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SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 12/18/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.60 USDT
My targets
6.04 USDT (+3.85%)
6.14 USDT (+5.50%)
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 5.60 USDT. The buyers” bullish objective is set at 6.04 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.14 USDT. If there is any crossing, the next objective would be the resistance located at 7.34 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
0
10
9.1

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 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 5.82 USDT. The price has increased by +10.02% since the last closing with the lowest point at 5.16 USDT and the highest point at 5.93 USDT. The deviation from the price is +12.79% for the low point and -1.85% for the high point.

5.16
5.93
5.82

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this 1H 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.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 5.25 5.47 5.60 5.82 6.14 7.34
Change (%) -9.79% -6.01% -3.78% - +5.50% +26.12%
Change -0.57 -0.35 -0.22 - +0.32 +1.52
Level Major Minor Major - Minor Intermediate



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
Standard4.484.775.035.315.585.866.13
Camarilla5.145.195.245.295.345.395.44
Woodie4.474.765.025.315.575.866.12
Fibonacci4.774.985.105.315.525.655.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.563.353.914.705.256.046.60
Camarilla4.094.214.344.464.594.714.83
Woodie2.443.293.794.645.145.996.48
Fibonacci3.353.864.184.705.215.536.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.421.022.884.336.197.639.49
Camarilla3.834.144.444.745.055.355.65
Woodie-0.211.133.094.436.397.739.70
Fibonacci1.022.283.064.335.596.377.63

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): 67.00
MACD (12,26,9): 0.1000
Directional Movement: 18.16
AROON (14): 85.71
DEMA (21): 5.56
Parabolic SAR (0,02-0,02-0,2): 5.20
Elder Ray (13): 0.25
Super Trend (3,10): 5.33
Zig ZAG (10): 5.83
VORTEX (21): 1.1400
Stochastique (14,3,5): 93.08
TEMA (21): 5.65
Williams %R (14): -6.74
Chande Momentum Oscillator (20): 0.54
Repulse (5,40,3): 7.0600
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 8.92
MA7: 5.20
MA20: 4.99
MA50: 4.45
MA100: 4.39
MAexp7: 5.64
MAexp20: 5.44
MAexp50: 5.32
MAexp100: 5.20
Price / MA7: +11.92%
Price / MA20: +16.63%
Price / MA50: +30.79%
Price / MA100: +32.57%
Price / MAexp7: +3.19%
Price / MAexp20: +6.99%
Price / MAexp50: +9.40%
Price / MAexp100: +11.92%

Quotes : 2020-12-18 09:41:31 - Real time data - Cryptocompare

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

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