SYNTHETIX - SNX/USDT
-
USDT
(-)
- Real time data - CoinMarketCap
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Cryptocurrencies |
| Ticker: | SNXUSDT |
| ISIN: |
SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 08/17/2021 (GMT)
- 259
- 0
- 08/17/2021 - 16:14
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on 08/17/2021 - 16:14
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 12.04 USDT
My targets
12.79 USDT (+2.73%)
13.41 USDT (+7.71%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SYNTHETIX - SNX/USDT. As long as you are above the support located at 12.04 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12.79 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 13.41 USDT as an objective. Crossing it would then enable buyers to target 16.11 USDT. If the support 12.04 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
0
10
3.4
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 price is 12.45 USDT. The price has increased by +2.72% since the last closing with the lowest point at 11.74 USDT and the highest point at 13.10 USDT. The deviation from the price is +6.05% for the low point and -4.96% for the high point.11.74
13.10
12.45
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USDT indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral 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, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.48 | 12.04 | 12.43 | 12.45 | 12.79 | 13.41 | 16.11 |
| Change (%) | -7.79% | -3.29% | -0.16% | - | +2.73% | +7.71% | +29.40% |
| Change | -0.97 | -0.41 | -0.02 | - | +0.34 | +0.96 | +3.66 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.44 | 11.26 | 11.69 | 12.51 | 12.94 | 13.76 | 14.19 |
| Camarilla | 11.78 | 11.89 | 12.01 | 12.12 | 12.24 | 12.35 | 12.46 |
| Woodie | 10.25 | 11.16 | 11.50 | 12.41 | 12.75 | 13.66 | 14.00 |
| Fibonacci | 11.26 | 11.74 | 12.03 | 12.51 | 12.99 | 13.28 | 13.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.64 | 7.98 | 10.49 | 11.83 | 14.34 | 15.68 | 18.19 |
| Camarilla | 11.94 | 12.29 | 12.65 | 13.00 | 13.35 | 13.71 | 14.06 |
| Woodie | 7.23 | 8.27 | 11.08 | 12.12 | 14.93 | 15.97 | 18.78 |
| Fibonacci | 7.98 | 9.45 | 10.36 | 11.83 | 13.30 | 14.21 | 15.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.73 | 2.85 | 6.48 | 10.06 | 13.69 | 17.27 | 20.90 |
| Camarilla | 8.13 | 8.79 | 9.45 | 10.11 | 10.77 | 11.43 | 12.09 |
| Woodie | -0.71 | 2.86 | 6.51 | 10.07 | 13.72 | 17.28 | 20.93 |
| Fibonacci | 2.85 | 5.60 | 7.31 | 10.06 | 12.81 | 14.52 | 17.27 |
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): | 58.83 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 10.50 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 12.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.33 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 12.08 | |
| Zig ZAG (10): | 12.70 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 79.78 | |
| TEMA (21): | 12.63 | |
| Williams %R (14): | -28.69 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 6.38 |
| MA7: | 11.96 | |
| MA20: | 10.64 | |
| MA50: | 9.80 | |
| MA100: | 10.98 | |
| MAexp7: | 12.63 | |
| MAexp20: | 12.55 | |
| MAexp50: | 12.53 | |
| MAexp100: | 12.29 | |
| Price / MA7: | +4.10% | |
| Price / MA20: | +17.01% | |
| Price / MA50: | +27.04% | |
| Price / MA100: | +13.39% | |
| Price / MAexp7: | -1.43% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | +1.30% |
Quotes :
08/17/2021 - 16:14
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SYNTHETIX - SNX/USDT - 1H