SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 2.01 USDT
My targets
2.33 USDT (+2.37%)
2.38 USDT (+4.43%)
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 2.01 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.33 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 2.38 USDT as an objective. Crossing it would then enable buyers to target 2.68 USDT. If the support 2.01 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.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USDT price is 2.28 USDT. The price is lower by -2.15% since the last closing with the lowest point at 2.28 USDT and the highest point at 2.47 USDT. The deviation from the price is 0% for the low point and -7.69% for the high point.2.28
2.47
2.28
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1.69 | 1.79 | 1.93 | 2.28 |
| Change (%) | -25.88% | -21.49% | -15.35% | - |
| Change | -0.59 | -0.49 | -0.35 | - |
| Level | Minor | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.66 | 1.80 | 2.06 | 2.20 | 2.47 | 2.61 | 2.87 |
| Camarilla | 2.22 | 2.25 | 2.29 | 2.33 | 2.37 | 2.40 | 2.44 |
| Woodie | 1.72 | 1.83 | 2.13 | 2.23 | 2.53 | 2.64 | 2.93 |
| Fibonacci | 1.80 | 1.95 | 2.05 | 2.20 | 2.36 | 2.45 | 2.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.99 | 1.34 | 1.66 | 2.01 | 2.33 | 2.68 |
| Camarilla | 1.50 | 1.57 | 1.63 | 1.69 | 1.75 | 1.81 | 1.87 |
| Woodie | 0.68 | 1.00 | 1.35 | 1.67 | 2.03 | 2.34 | 2.70 |
| Fibonacci | 0.99 | 1.25 | 1.40 | 1.66 | 1.92 | 2.08 | 2.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.07 | 0.35 | 1.16 | 1.57 | 2.38 | 2.80 | 3.61 |
| Camarilla | 1.63 | 1.74 | 1.85 | 1.96 | 2.08 | 2.19 | 2.30 |
| Woodie | 0.13 | 0.45 | 1.35 | 1.67 | 2.58 | 2.90 | 3.80 |
| Fibonacci | 0.35 | 0.82 | 1.11 | 1.57 | 2.04 | 2.33 | 2.80 |
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): | 48.26 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -12.62 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 2.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.47 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 2.46 | |
| Zig ZAG (10): | 2.30 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 22.12 | |
| TEMA (21): | 2.42 | |
| Williams %R (14): | -93.68 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -5.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5600 | |
| Courbe Coppock: | 4.90 |
| MA7: | 1.97 | |
| MA20: | 1.54 | |
| MA50: | 1.12 | |
| MA100: | 0.91 | |
| MAexp7: | 2.38 | |
| MAexp20: | 2.36 | |
| MAexp50: | 2.21 | |
| MAexp100: | 2.06 | |
| Price / MA7: | +15.74% | |
| Price / MA20: | +48.05% | |
| Price / MA50: | +103.57% | |
| Price / MA100: | +150.55% | |
| Price / MAexp7: | -4.20% | |
| Price / MAexp20: | -3.39% | |
| Price / MAexp50: | +3.17% | |
| Price / MAexp100: | +10.68% |
Quotes :
2020-07-02 14:37:06
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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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