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 07/11/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

89%

11%

My opinion

Bullish above 8.99 USDT

My targets

13.74 USDT (+11.44%)

16.11 USDT (+30.66%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SYNTHETIX - SNX/USDT as long as the price remains well above 8.99 USDT. The buyers' bullish objective is set at 13.74 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.11 USDT. If there is any crossing, the next objective would be the resistance located at 18.90 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 13.74 USDT. On this resistance, against the trend traders who would like to go short on SYNTHETIX - SNX/USDT with a bearish signal from their trading strategy, should not hesitate to act.

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

3.2

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

Additional analysis

Quotes

The SYNTHETIX - SNX/USDT rating is 12.33 USDT. The price has increased by +11.69% since the last closing and was between 10.77 USDT and 12.54 USDT. This implies that the price is at +14.48% from its lowest and at -1.67% from its highest.

10.77

12.54

12.33

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of SYNTHETIX - SNX/USDT in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.56	7.34	12.33	13.74	16.11	18.90
Change (%)	-79.24%	-40.47%	-	+11.44%	+30.66%	+53.28%
Change	-9.77	-4.99	-	+1.41	+3.78	+6.57
Level	Minor	Major	-	Minor	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	9.00	9.75	10.40	11.15	11.80	12.55	13.20
Camarilla	10.66	10.78	10.91	11.04	11.17	11.30	11.43
Woodie	8.94	9.73	10.34	11.13	11.74	12.53	13.14
Fibonacci	9.75	10.29	10.62	11.15	11.69	12.02	12.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.08	4.55	7.79	10.26	13.50	15.97	19.21
Camarilla	9.47	9.99	10.52	11.04	11.56	12.09	12.61
Woodie	2.48	4.74	8.19	10.45	13.90	16.16	19.61
Fibonacci	4.55	6.73	8.08	10.26	12.44	13.79	15.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-4.61	0.47	3.91	8.99	12.43	17.51	20.95
Camarilla	5.00	5.78	6.56	7.34	8.12	8.90	9.68
Woodie	-5.44	0.06	3.08	8.58	11.60	17.10	20.12
Fibonacci	0.47	3.73	5.74	8.99	12.25	14.26	17.51

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):	63.78
MACD (12,26,9):	0.5200
Directional Movement:	15.82
AROON (14):	64.29
DEMA (21):	9.72
Parabolic SAR (0,02-0,02-0,2):	8.99
Elder Ray (13):	1.80
Super Trend (3,10):	7.60
Zig ZAG (10):	12.31
VORTEX (21):	1.1100
Stochastique (14,3,5):	83.97
TEMA (21):	11.23
Williams %R (14):	-6.41
Chande Momentum Oscillator (20):	5.11
Repulse (5,40,3):	17.2900
ROCnROLL:	1
TRIX (15,9):	-0.3300
Courbe Coppock:	128.45

MA7:	11.00
MA20:	8.30
MA50:	9.87
MA100:	14.03
MAexp7:	10.76
MAexp20:	9.46
MAexp50:	10.49
MAexp100:	12.49
Price / MA7:	+12.09%
Price / MA20:	+48.55%
Price / MA50:	+24.92%
Price / MA100:	-12.12%
Price / MAexp7:	+14.59%
Price / MAexp20:	+30.34%
Price / MAexp50:	+17.54%
Price / MAexp100:	-1.28%

Quotes : - Real time data - Cryptocompare

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

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