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 02/04/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 2.35 USDT

My targets

2.86 USDT (+5.26%)

3.47 USDT (+27.57%)

My analysis

SYNTHETIX - SNX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.35 USDT. The next resistance located at 2.86 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.47 USDT. After this resistance, buyers could then target 3.81 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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 Spider992s. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SYNTHETIX - SNX/USDT rating is 2.72 USDT. The price registered an increase of +6.25% on the session and was traded between 2.52 USDT and 2.89 USDT over the period. The price is currently at +7.94% from its lowest and -5.88% from its highest.

2.52

2.89

2.72

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SYNTHETIX - SNX/USDT in Daily shows a strongly overall bullish trend. 89.29% 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 is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

In fact, 15 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 : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.98	2.35	2.72	2.72	3.47	3.81	4.28
Change (%)	-27.21%	-13.60%	0%	-	+27.57%	+40.07%	+57.35%
Change	-0.74	-0.37	0	-	+0.75	+1.09	+1.56
Level	Major	Intermediate	Major	-	Minor	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	2.28	2.37	2.47	2.56	2.66	2.75	2.85
Camarilla	2.52	2.54	2.55	2.57	2.59	2.61	2.62
Woodie	2.29	2.37	2.48	2.56	2.67	2.75	2.86
Fibonacci	2.37	2.44	2.49	2.56	2.63	2.68	2.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.90	2.10	2.27	2.47	2.64	2.84	3.01
Camarilla	2.35	2.38	2.42	2.45	2.48	2.52	2.55
Woodie	1.90	2.09	2.27	2.46	2.64	2.83	3.01
Fibonacci	2.10	2.24	2.33	2.47	2.61	2.70	2.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.30	0.87	1.58	2.15	2.86	3.43	4.14
Camarilla	1.95	2.07	2.18	2.30	2.42	2.54	2.65
Woodie	0.38	0.91	1.66	2.19	2.94	3.47	4.22
Fibonacci	0.87	1.36	1.66	2.15	2.64	2.94	3.43

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):	63.41
MACD (12,26,9):	0.1700
Directional Movement:	17.68
AROON (14):	35.71
DEMA (21):	2.62
Parabolic SAR (0,02-0,02-0,2):	2.21
Elder Ray (13):	0.23
Super Trend (3,10):	2.00
Zig ZAG (10):	2.71
VORTEX (21):	1.1200
Stochastique (14,3,5):	66.33
TEMA (21):	2.66
Williams %R (14):	-26.00
Chande Momentum Oscillator (20):	0.14
Repulse (5,40,3):	5.4600
ROCnROLL:	1
TRIX (15,9):	1.3100
Courbe Coppock:	16.26

MA7:	2.51
MA20:	2.44
MA50:	1.95
MA100:	1.95
MAexp7:	2.55
MAexp20:	2.39
MAexp50:	2.14
MAexp100:	2.09
Price / MA7:	+8.37%
Price / MA20:	+11.48%
Price / MA50:	+39.49%
Price / MA100:	+39.49%
Price / MAexp7:	+6.67%
Price / MAexp20:	+13.81%
Price / MAexp50:	+27.10%
Price / MAexp100:	+30.14%

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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