SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 01/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.57 USDT
My targets
3.65 USDT (-12.68%)
2.53 USDT (-39.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SYNTHETIX - SNX/USDT as long as the price remains well below 4.57 USDT. The sellers' bearish objective is set at 3.65 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.53 USDT. In case of crossing, the next objective would be the support located at 1.50 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNTHETIX - SNX/USDT rating 4.18 USDT. The price is lower by -1.18% since the last closing and was traded between 4.07 USDT and 4.23 USDT over the period. The price is currently at +2.70% from its lowest and -1.18% from its highest.4.07
4.23
4.18
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SYNTHETIX - SNX/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.50 | 4.18 | 4.89 | 5.83 | 7.18 |
| Change (%) | -64.11% | - | +16.99% | +39.47% | +71.77% |
| Change | -2.68 | - | +0.71 | +1.65 | +3.00 |
| Level | Intermediate | - | Intermediate | Minor | 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 | 3.02 | 3.28 | 3.75 | 4.01 | 4.48 | 4.74 | 5.21 |
| Camarilla | 4.03 | 4.10 | 4.16 | 4.23 | 4.30 | 4.36 | 4.43 |
| Woodie | 3.14 | 3.33 | 3.87 | 4.06 | 4.60 | 4.79 | 5.33 |
| Fibonacci | 3.28 | 3.56 | 3.73 | 4.01 | 4.29 | 4.46 | 4.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12 | 2.33 | 3.05 | 4.26 | 4.98 | 6.19 | 6.91 |
| Camarilla | 3.25 | 3.43 | 3.60 | 3.78 | 3.96 | 4.13 | 4.31 |
| Woodie | 0.89 | 2.21 | 2.82 | 4.14 | 4.75 | 6.07 | 6.68 |
| Fibonacci | 2.33 | 3.06 | 3.52 | 4.26 | 4.99 | 5.45 | 6.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.53 | 3.65 | 4.57 | 5.69 | 6.61 | 7.73 | 8.65 |
| Camarilla | 4.93 | 5.12 | 5.30 | 5.49 | 5.68 | 5.86 | 6.05 |
| Woodie | 2.43 | 3.60 | 4.47 | 5.64 | 6.51 | 7.68 | 8.55 |
| Fibonacci | 3.65 | 4.43 | 4.91 | 5.69 | 6.47 | 6.95 | 7.73 |
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): | 37.66 | |
| MACD (12,26,9): | -0.4500 | |
| Directional Movement: | -14.71 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 4.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.19 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 5.27 | |
| Zig ZAG (10): | 4.18 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 29.78 | |
| TEMA (21): | 4.12 | |
| Williams %R (14): | -67.01 | |
| Chande Momentum Oscillator (20): | -0.90 | |
| Repulse (5,40,3): | 4.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8900 | |
| Courbe Coppock: | 37.76 |
| MA7: | 4.29 | |
| MA20: | 4.89 | |
| MA50: | 5.38 | |
| MA100: | 7.21 | |
| MAexp7: | 4.31 | |
| MAexp20: | 4.83 | |
| MAexp50: | 5.64 | |
| MAexp100: | 6.82 | |
| Price / MA7: | -2.56% | |
| Price / MA20: | -14.52% | |
| Price / MA50: | -22.30% | |
| Price / MA100: | -42.02% | |
| Price / MAexp7: | -3.02% | |
| Price / MAexp20: | -13.46% | |
| Price / MAexp50: | -25.89% | |
| Price / MAexp100: | -38.71% |
Quotes :
-
Real time data
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Cryptocompare
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