SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 06/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.86 USDT
My targets
1.79 USDT (-1.65%)
1.74 USDT (-4.40%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SYNTHETIX - SNX/USDT as long as the price remains well below 1.86 USDT. The sellers' bearish objective is set at 1.79 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.74 USDT. If there is any crossing, the next objective would be the support located at 1.65 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.6
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This analysis was given by pipskok. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNTHETIX - SNX/USDT rating 1.82 USDT. The price is lower by -2.15% since the last closing with the lowest point at 1.82 USDT and the highest point at 1.89 USDT. The deviation from the price is 0% for the low point and -3.70% for the high point.1.82
1.89
1.82
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:
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.65 | 1.74 | 1.79 | 1.82 | 1.86 | 1.90 | 2.03 |
| Change (%) | -9.34% | -4.40% | -1.65% | - | +2.20% | +4.40% | +11.54% |
| Change | -0.17 | -0.08 | -0.03 | - | +0.04 | +0.08 | +0.21 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 1.74 | 1.77 | 1.82 | 1.85 | 1.90 | 1.93 | 1.98 |
| Camarilla | 1.84 | 1.85 | 1.85 | 1.86 | 1.87 | 1.88 | 1.88 |
| Woodie | 1.74 | 1.78 | 1.82 | 1.86 | 1.90 | 1.94 | 1.98 |
| Fibonacci | 1.77 | 1.80 | 1.82 | 1.85 | 1.88 | 1.90 | 1.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.56 | 1.63 | 1.75 | 1.82 | 1.94 | 2.01 | 2.13 |
| Camarilla | 1.81 | 1.83 | 1.84 | 1.86 | 1.88 | 1.90 | 1.91 |
| Woodie | 1.58 | 1.64 | 1.77 | 1.83 | 1.96 | 2.02 | 2.15 |
| Fibonacci | 1.63 | 1.71 | 1.75 | 1.82 | 1.90 | 1.94 | 2.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.28 | 1.61 | 1.97 | 2.30 | 2.66 | 2.99 | 3.35 |
| Camarilla | 2.14 | 2.20 | 2.27 | 2.33 | 2.39 | 2.46 | 2.52 |
| Woodie | 1.30 | 1.62 | 1.99 | 2.31 | 2.68 | 3.00 | 3.37 |
| Fibonacci | 1.61 | 1.87 | 2.04 | 2.30 | 2.56 | 2.73 | 2.99 |
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): | 37.02 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -19.09 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.88 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.87 | |
| Zig ZAG (10): | 1.82 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 13.31 | |
| TEMA (21): | 1.83 | |
| Williams %R (14): | -90.41 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.41 |
| MA7: | 1.81 | |
| MA20: | 2.05 | |
| MA50: | 2.22 | |
| MA100: | 2.43 | |
| MAexp7: | 1.84 | |
| MAexp20: | 1.86 | |
| MAexp50: | 1.84 | |
| MAexp100: | 1.83 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -11.22% | |
| Price / MA50: | -18.02% | |
| Price / MA100: | -25.10% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -2.15% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -0.55% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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