SYNTHETIX - SNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SNXUSDT
ISIN:

SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 12/24/2020 (GMT)

Londinia

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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

83%

11%

My opinion

Bullish above 6.14 USDT

My targets

7.34 USDT (+8.74%)

My analysis

SYNTHETIX - SNX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.14 USDT. The next resistance located at 7.34 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 6.75 USDT. On the day, this instrument lost -5.06% with the lowest point at 6.59 USDT and the highest point at 7.55 USDT. The deviation from the price is +2.43% for the low point and -10.60% for the high point.

6.59

7.55

6.75

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:

Abnormal volumes on SYNTHETIX - SNX/USDT were detected by the Central Volumes scanner:

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. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	3.62	5.25	6.14	6.75	7.34
Change (%)	-46.37%	-22.22%	-9.04%	-	+8.74%
Change	-3.13	-1.50	-0.61	-	+0.59
Level	Intermediate	Major	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
Standard	4.29	5.39	6.25	7.35	8.21	9.31	10.17
Camarilla	6.58	6.75	6.93	7.11	7.29	7.47	7.65
Woodie	4.18	5.33	6.13	7.29	8.09	9.25	10.05
Fibonacci	5.39	6.14	6.60	7.35	8.10	8.56	9.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.61	3.50	4.81	5.71	7.02	7.91	9.22
Camarilla	5.52	5.72	5.92	6.12	6.33	6.53	6.73
Woodie	2.82	3.61	5.02	5.81	7.23	8.01	9.43
Fibonacci	3.50	4.35	4.87	5.71	6.55	7.07	7.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.42	1.02	2.88	4.33	6.19	7.63	9.49
Camarilla	3.83	4.14	4.44	4.74	5.05	5.35	5.65
Woodie	-0.21	1.13	3.09	4.43	6.39	7.73	9.70
Fibonacci	1.02	2.28	3.06	4.33	5.59	6.37	7.63

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):	67.28
MACD (12,26,9):	0.5700
Directional Movement:	20.79
AROON (14):	85.72
DEMA (21):	6.41
Parabolic SAR (0,02-0,02-0,2):	5.72
Elder Ray (13):	1.01
Super Trend (3,10):	4.82
Zig ZAG (10):	6.78
VORTEX (21):	1.1000
Stochastique (14,3,5):	72.44
TEMA (21):	6.72
Williams %R (14):	-39.62
Chande Momentum Oscillator (20):	2.27
Repulse (5,40,3):	-5.1000
ROCnROLL:	1
TRIX (15,9):	1.0900
Courbe Coppock:	69.63

MA7:	6.52
MA20:	5.50
MA50:	4.91
MA100:	4.46
MAexp7:	6.53
MAexp20:	5.76
MAexp50:	5.10
MAexp100:	4.68
Price / MA7:	+3.53%
Price / MA20:	+22.73%
Price / MA50:	+37.47%
Price / MA100:	+51.35%
Price / MAexp7:	+3.37%
Price / MAexp20:	+17.19%
Price / MAexp50:	+32.35%
Price / MAexp100:	+44.23%

Quotes : 2020-12-24 11:09:50 - Real time data - Cryptocompare

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

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