Synthetix Archives - Page 2 of 3

July 29, 2021

Synthetix (SNXUSD) Bulls Have Laid a Siege Below the $9.300 Resistance

Synthetix Analysis – The $9.300 Resistance Remains Under Siege From the Bulls Synthetix bulls are aiming to break through the $9.300 barrier again and have laid a siege below it. Bears initially plunged the market below $9.300 on the 16th of June 2021, to which it fell directly to support at $5.500...

#Crypto Analysis #CRYPTOCURRENCY #Daily Chart #Price Action #SNXUSD #Synthetix

July 20, 2021

Synthetix (SNXUSD) Bullish Campaign Comes to an Abrupt End

Price Analysis – $13.500 Resistance Halts SNXUSD Bullish Campaign SNXUSD bullish campaign will have to wait another turn after it abruptly ended at the $13.500 key level. Bears initially plunged the market from this level on the 27th of May 2021. This was after the big drop had happened earli...

#Crypto Analysis #CRYPTOCURRENCY #Price Action #SNXUSD #Synthetix

July 13, 2021

Synthetix (SNXUSD) Failed to Break $13.500 Resistance

SNXUSD Market Analysis – Price Failed to Break Through $13.500 Barrier Synthetix failed to break $13.500 at the second time of testing. This is despite the fact that the market had fallen to $9.360 to bounce up. On reaching the resistance, the price was repelled strongly. This can be seen in the be...

#Crypto Analysis #CRYPTOCURRENCY #Daily Chart #Price Action #SNXUSD #Synthetix

June 23, 2021

Synthetix (SNXUSD) Is Set to Leap Down From Its Parallel Channel Mid-Line

SNXUSD Analysis – Synthetix Is Set to Leap Down From Mid-Line Resistance Synthetix is set to leap down when it climbs the middle line of its descending parallel channel. Since its precipitous drop in price on May 19, 2021, the market has been in a general decline. In just one day, SNX fell from $24...

#Crypto Analysis #Market Anticipation #Price Action #SNXUSD #Synthetix

June 15, 2021

Decreasing Volatility on Synthetix (SNXUSD) Keeps Bears in Control

Synthetix Bears Takes Advantage of Decreasing Volatility to Keep the Market in Control The effect of decreasing volatility on Synthetix is that the bears remain in control. The market had endured a consolidation phase between the 22nd of February 2021 and the 17th of May 2021. This was after a pric...

#Market Expectation #Price Analysis #SNX #SNXUSD #Synthetix #Technical Analysis

June 08, 2021

Synthetix (SNX/USD) Dives Into Demand Zone

SNX Market Analysis Synthetix has posted lower highs without concurrent lower lows. The volatile dive in price since the 19th of May has failed to break through the demand zone at $10.350. Price is seen to bounce on the zone multiple times. The market revealed sharp rejection at the demand zone wit...

#Price Chart #SNX #Synthetix #Technical Analysis

June 01, 2021

Synthetix (SNXUSD) Flows Through Descending Triangle

Significant Levels on SNXUSD Support Levels: $11.2500, $16.3550Resistance Levels: $22.1350, $19.1350 SNXUSD Market Analysis The market appears to be on a downward trend. This is evident with consistent lower lows formed in the market. A descending channel is also seen to have formed due to the mark...

#Price Action #Price Chart #SNXUSD #Synthetix #Technical Analysis

May 25, 2021

Synthetix (SNXUSD) Retests Symmetrical Triangle for Bullish Drive

SNXUSD Key Zones Demand Zones: 16.000, 22.000, 25.400Supply Zones: 13.000, 10.550, 6.800 Synthetix Market Analysis SNXUSD has conformed into a symmetrical triangle pattern and buyers are poised to take advantage of the market. From the 23rd of February 2021, the market has been caught in a ...

#Price Action #SNXUSD #symmetrical triangle #Synthetix #Triangle

May 18, 2021

Synthetix (SNXUSD) Trammeled in a Parallel Channel

SNXUSD Key Zones Demand Zones: 29.00, 27.00, 23.60Supply Zones: 19.40, 15.30, 14.00 Since its inception about a week before Christmas on the 15th of December 2020, Synthetix has been with the bulls, and it has ever been on the rise. This continued with only a few major drawbacks till it hit its all...

#Price Chart #SNXUSD #Synthetix #Technical Analysis