SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 02/08/2023 (GMT)
- 170
- 0
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
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 2.72 USDT
My targets
2.95 USDT (+3.87%)
3.02 USDT (+6.34%)
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 2.72 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.95 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 3.02 USDT as an objective. Crossing it would then enable buyers to target 3.47 USDT. If the support 2.72 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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 Oli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USDT rating is 2.84 USDT. The price is lower by -2.74% since the last closing with the lowest point at 2.83 USDT and the highest point at 3.02 USDT. The deviation from the price is +0.35% for the low point and -5.96% for the high point.2.83
3.02
2.84
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SYNTHETIX - SNX/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.28 | 2.47 | 2.72 | 2.84 | 2.95 | 3.02 | 3.47 |
| Change (%) | -19.72% | -13.03% | -4.23% | - | +3.87% | +6.34% | +22.18% |
| Change | -0.56 | -0.37 | -0.12 | - | +0.11 | +0.18 | +0.63 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.61 | 2.69 | 2.80 | 2.88 | 2.99 | 3.07 | 3.18 |
| Camarilla | 2.87 | 2.89 | 2.90 | 2.92 | 2.94 | 2.96 | 2.97 |
| Woodie | 2.64 | 2.70 | 2.83 | 2.89 | 3.02 | 3.08 | 3.21 |
| Fibonacci | 2.69 | 2.76 | 2.80 | 2.88 | 2.95 | 2.99 | 3.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.60 | 1.90 | 2.30 | 2.60 | 3.00 | 3.30 | 3.70 |
| Camarilla | 2.52 | 2.58 | 2.65 | 2.71 | 2.77 | 2.84 | 2.90 |
| Woodie | 1.66 | 1.93 | 2.36 | 2.63 | 3.06 | 3.33 | 3.76 |
| Fibonacci | 1.90 | 2.16 | 2.33 | 2.60 | 2.86 | 3.03 | 3.30 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.40 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -4.41 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 2.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.02 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 2.78 | |
| Zig ZAG (10): | 2.84 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 36.20 | |
| TEMA (21): | 2.92 | |
| Williams %R (14): | -97.30 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -3.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 3.13 |
| MA7: | 2.70 | |
| MA20: | 2.56 | |
| MA50: | 2.05 | |
| MA100: | 1.96 | |
| MAexp7: | 2.91 | |
| MAexp20: | 2.90 | |
| MAexp50: | 2.83 | |
| MAexp100: | 2.75 | |
| Price / MA7: | +5.19% | |
| Price / MA20: | +10.94% | |
| Price / MA50: | +38.54% | |
| Price / MA100: | +44.90% | |
| Price / MAexp7: | -2.41% | |
| Price / MAexp20: | -2.07% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +3.27% |
Quotes :
-
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