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 01/05/2021 (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

94%

My opinion

Bullish above 9.29 USDT

My targets

13.91 USDT (+17.17%)

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 9.29 USDT. The buyers” bullish objective is set at 13.91 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 11.87 USDT. The price registered an increase of +3.40% on the session and was between 10.49 USDT and 12.32 USDT. This implies that the price is at +13.16% from its lowest and at -3.65% from its highest.

10.49

12.32

11.87

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 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, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	3.62	5.36	8.07	11.87
Change (%)	-69.50%	-54.84%	-32.01%	-
Change	-8.25	-6.51	-3.80	-
Level	Intermediate	Minor	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.54	7.52	9.50	10.49	12.47	13.46	15.44
Camarilla	10.66	10.94	11.21	11.48	11.75	12.02	12.30
Woodie	7.03	7.77	10.00	10.74	12.96	13.71	15.93
Fibonacci	7.52	8.66	9.36	10.49	11.62	12.33	13.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.72	6.38	7.28	7.95	8.85	9.52	10.42
Camarilla	7.75	7.90	8.04	8.19	8.33	8.47	8.62
Woodie	5.83	6.44	7.40	8.01	8.97	9.58	10.54
Fibonacci	6.38	6.98	7.35	7.95	8.55	8.92	9.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04	2.09	4.66	6.71	9.29	11.34	13.91
Camarilla	5.96	6.39	6.81	7.23	7.66	8.08	8.51
Woodie	0.30	2.22	4.92	6.84	9.55	11.47	14.17
Fibonacci	2.09	3.86	4.95	6.71	8.48	9.57	11.34

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):	84.07
MACD (12,26,9):	1.3100
Directional Movement:	31.48
AROON (14):	100.00
DEMA (21):	9.63
Parabolic SAR (0,02-0,02-0,2):	7.44
Elder Ray (13):	2.61
Super Trend (3,10):	7.67
Zig ZAG (10):	12.02
VORTEX (21):	1.2200
Stochastique (14,3,5):	97.47
TEMA (21):	10.37
Williams %R (14):	-5.14
Chande Momentum Oscillator (20):	4.54
Repulse (5,40,3):	38.4200
ROCnROLL:	1
TRIX (15,9):	2.2300
Courbe Coppock:	92.98

MA7:	9.16
MA20:	7.73
MA50:	6.03
MA100:	4.96
MAexp7:	9.79
MAexp20:	8.06
MAexp50:	6.52
MAexp100:	5.54
Price / MA7:	+29.59%
Price / MA20:	+53.56%
Price / MA50:	+96.85%
Price / MA100:	+139.31%
Price / MAexp7:	+21.25%
Price / MAexp20:	+47.27%
Price / MAexp50:	+82.06%
Price / MAexp100:	+114.26%

Quotes : 2021-01-05 13:13:41 - Real time data - Cryptocompare

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

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