SYNTHETIX - SNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SNXUSDT
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SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 03/06/2023 (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

94%

My opinion

Bullish above 2.92 USDT

My targets

3.47 USDT (+7.43%)

3.75 USDT (+16.19%)

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 2.92 USDT. The buyers' bullish objective is set at 3.47 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.75 USDT. If there is any crossing, the next objective would be the resistance located at 7.31 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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

The SYNTHETIX - SNX/USDT rating is 3.23 USDT. The price registered an increase of +3.86% on the session and was traded between 3.05 USDT and 3.27 USDT over the period. The price is currently at +5.90% from its lowest and -1.22% from its highest.

3.05

3.27

3.23

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SYNTHETIX - SNX/USDT indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.36	2.72	2.92	3.23	3.47	7.31	15.01
Change (%)	-26.93%	-15.79%	-9.60%	-	+7.43%	+126.32%	+364.71%
Change	-0.87	-0.51	-0.31	-	+0.24	+4.08	+11.78
Level	Major	Major	Major	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.44	2.65	2.88	3.09	3.32	3.53	3.76
Camarilla	2.99	3.03	3.07	3.11	3.15	3.19	3.23
Woodie	2.45	2.66	2.89	3.10	3.33	3.54	3.77
Fibonacci	2.65	2.82	2.92	3.09	3.26	3.36	3.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.10	2.33	2.60	2.83	3.10	3.33	3.60
Camarilla	2.73	2.78	2.82	2.87	2.92	2.96	3.01
Woodie	2.12	2.34	2.62	2.84	3.12	3.34	3.62
Fibonacci	2.33	2.52	2.64	2.83	3.02	3.14	3.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.26	1.73	2.09	2.56	2.92	3.39	3.75
Camarilla	2.23	2.31	2.38	2.46	2.54	2.61	2.69
Woodie	1.22	1.70	2.05	2.53	2.88	3.36	3.71
Fibonacci	1.73	2.04	2.24	2.56	2.87	3.07	3.39

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):	64.09
MACD (12,26,9):	0.1600
Directional Movement:	13.87
AROON (14):	92.86
DEMA (21):	2.96
Parabolic SAR (0,02-0,02-0,2):	2.45
Elder Ray (13):	0.32
Super Trend (3,10):	2.29
Zig ZAG (10):	3.21
VORTEX (21):	0.9800
Stochastique (14,3,5):	82.85
TEMA (21):	3.01
Williams %R (14):	-9.20
Chande Momentum Oscillator (20):	0.78
Repulse (5,40,3):	9.7700
ROCnROLL:	1
TRIX (15,9):	0.6400
Courbe Coppock:	36.48

MA7:	2.92
MA20:	2.66
MA50:	2.49
MA100:	2.08
MAexp7:	2.96
MAexp20:	2.75
MAexp50:	2.50
MAexp100:	2.33
Price / MA7:	+10.62%
Price / MA20:	+21.43%
Price / MA50:	+29.72%
Price / MA100:	+55.29%
Price / MAexp7:	+9.12%
Price / MAexp20:	+17.45%
Price / MAexp50:	+29.20%
Price / MAexp100:	+38.63%

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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