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 09/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 11.64 USDT

My targets

13.74 USDT (+3.39%)

16.11 USDT (+21.22%)

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 11.64 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 18.88 USDT. 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

7.9

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

SYNTHETIX - SNX/USDT rating 13.29 USDT. The price is lower by -9.10% since the last closing and was between 12.70 USDT and 14.93 USDT. This implies that the price is at +4.65% from its lowest and at -10.98% from its highest.

12.70

14.93

13.29

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

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

Technical

Technical analysis of SYNTHETIX - SNX/USDT in Daily shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

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:

Resistance of channel 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

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.83	7.51	10.56	13.29	13.74	16.11	18.88
Change (%)	-56.13%	-43.49%	-20.54%	-	+3.39%	+21.22%	+42.06%
Change	-7.46	-5.78	-2.73	-	+0.45	+2.82	+5.59
Level	Major	Minor	Intermediate	-	Major	Major	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	11.78	12.83	13.73	14.78	15.68	16.73	17.63
Camarilla	14.08	14.26	14.44	14.62	14.80	14.98	15.16
Woodie	11.70	12.79	13.65	14.74	15.60	16.69	17.55
Fibonacci	12.83	13.58	14.04	14.78	15.53	15.99	16.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.64	7.27	9.04	11.67	13.44	16.07	17.84
Camarilla	9.61	10.01	10.42	10.82	11.22	11.63	12.03
Woodie	4.22	7.06	8.62	11.46	13.02	15.86	17.42
Fibonacci	7.27	8.95	9.99	11.67	13.35	14.39	16.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.06	5.94	8.76	11.64	14.46	17.34	20.16
Camarilla	10.00	10.53	11.05	11.57	12.09	12.62	13.14
Woodie	3.02	5.93	8.72	11.63	14.42	17.33	20.12
Fibonacci	5.94	8.12	9.47	11.64	13.82	15.17	17.34

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.74
MACD (12,26,9):	0.5300
Directional Movement:	8.95
AROON (14):	57.15
DEMA (21):	13.14
Parabolic SAR (0,02-0,02-0,2):	10.53
Elder Ray (13):	1.00
Super Trend (3,10):	10.19
Zig ZAG (10):	13.25
VORTEX (21):	1.0500
Stochastique (14,3,5):	75.45
TEMA (21):	13.28
Williams %R (14):	-46.91
Chande Momentum Oscillator (20):	0.14
Repulse (5,40,3):	-5.2600
ROCnROLL:	1
TRIX (15,9):	0.3100
Courbe Coppock:	12.82

MA7:	13.02
MA20:	12.28
MA50:	11.67
MA100:	10.21
MAexp7:	13.26
MAexp20:	12.54
MAexp50:	11.81
MAexp100:	11.80
Price / MA7:	+2.07%
Price / MA20:	+8.22%
Price / MA50:	+13.88%
Price / MA100:	+30.17%
Price / MAexp7:	+0.23%
Price / MAexp20:	+5.98%
Price / MAexp50:	+12.53%
Price / MAexp100:	+12.63%

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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