SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 01/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 15.32 USDT
My targets
15.99 USDT (+1.85%)
My analysis
The bullish trend is currently very strong on SYNTHETIX - SNX/USDT. As long as the price remains above the support at 15.32 USDT, you could try to benefit from the boom. The first bullish objective is located at 15.99 USDT. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 rating is 15.70 USDT. The price registered an increase of +3.77% on the session and was between 14.96 USDT and 15.90 USDT. This implies that the price is at +4.95% from its lowest and at -1.26% from its highest.14.96
15.90
15.70
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on SYNTHETIX - SNX/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 12.40 | 13.57 | 14.76 | 15.70 | 15.99 |
| Change (%) | -21.02% | -13.57% | -5.99% | - | +1.85% |
| Change | -3.30 | -2.13 | -0.94 | - | +0.29 |
| Level | Major | Intermediate | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.56 | 12.44 | 13.78 | 14.66 | 16.00 | 16.88 | 18.22 |
| Camarilla | 14.52 | 14.72 | 14.93 | 15.13 | 15.33 | 15.54 | 15.74 |
| Woodie | 11.80 | 12.56 | 14.02 | 14.78 | 16.24 | 17.00 | 18.46 |
| Fibonacci | 12.44 | 13.29 | 13.81 | 14.66 | 15.51 | 16.03 | 16.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.56 | 5.78 | 9.44 | 11.66 | 15.32 | 17.54 | 21.20 |
| Camarilla | 11.48 | 12.02 | 12.56 | 13.10 | 13.64 | 14.18 | 14.72 |
| Woodie | 4.28 | 6.14 | 10.16 | 12.02 | 16.04 | 17.90 | 21.92 |
| Fibonacci | 5.78 | 8.03 | 9.42 | 11.66 | 13.91 | 15.29 | 17.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04 | 2.09 | 4.66 | 6.71 | 9.29 | 11.34 | 13.91 |
| Camarilla | 5.96 | 6.39 | 6.81 | 7.23 | 7.66 | 8.08 | 8.51 |
| Woodie | 0.30 | 2.22 | 4.92 | 6.84 | 9.55 | 11.47 | 14.17 |
| Fibonacci | 2.09 | 3.86 | 4.95 | 6.71 | 8.48 | 9.57 | 11.34 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.47 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 4.71 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 15.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.48 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 14.12 | |
| Zig ZAG (10): | 15.64 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 87.36 | |
| TEMA (21): | 15.65 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 1.76 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 17.11 |
| MA7: | 14.69 | |
| MA20: | 11.58 | |
| MA50: | 7.99 | |
| MA100: | 6.00 | |
| MAexp7: | 15.50 | |
| MAexp20: | 15.11 | |
| MAexp50: | 14.93 | |
| MAexp100: | 14.65 | |
| Price / MA7: | +6.88% | |
| Price / MA20: | +35.58% | |
| Price / MA50: | +96.50% | |
| Price / MA100: | +161.67% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +3.90% | |
| Price / MAexp50: | +5.16% | |
| Price / MAexp100: | +7.17% |
Quotes :
2021-01-16 08:28:44
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Real time data
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Cryptocompare
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