SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/11/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 12.12 USDT
My targets
12.72 USDT (+3.25%)
13.74 USDT (+11.53%)
My analysis
SYNTHETIX - SNX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.12 USDT. The next resistance located at 12.72 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.74 USDT. After this resistance, buyers could then target 16.11 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USDT price is 12.32 USDT. The price registered an increase of +11.59% on the session and was between 10.77 USDT and 12.54 USDT. This implies that the price is at +14.39% from its lowest and at -1.75% from its highest.10.77
12.54
12.32
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USDT indicates that the overall trend is strongly bullish. 92.86% 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.23 | 11.45 | 12.12 | 12.32 | 12.72 | 13.74 | 16.11 |
| Change (%) | -16.96% | -7.06% | -1.62% | - | +3.25% | +11.53% | +30.76% |
| Change | -2.09 | -0.87 | -0.20 | - | +0.40 | +1.42 | +3.79 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 9.00 | 9.75 | 10.40 | 11.15 | 11.80 | 12.55 | 13.20 |
| Camarilla | 10.66 | 10.78 | 10.91 | 11.04 | 11.17 | 11.30 | 11.43 |
| Woodie | 8.94 | 9.73 | 10.34 | 11.13 | 11.74 | 12.53 | 13.14 |
| Fibonacci | 9.75 | 10.29 | 10.62 | 11.15 | 11.69 | 12.02 | 12.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.08 | 4.55 | 7.79 | 10.26 | 13.50 | 15.97 | 19.21 |
| Camarilla | 9.47 | 9.99 | 10.52 | 11.04 | 11.56 | 12.09 | 12.61 |
| Woodie | 2.48 | 4.74 | 8.19 | 10.45 | 13.90 | 16.16 | 19.61 |
| Fibonacci | 4.55 | 6.73 | 8.08 | 10.26 | 12.44 | 13.79 | 15.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.61 | 0.47 | 3.91 | 8.99 | 12.43 | 17.51 | 20.95 |
| Camarilla | 5.00 | 5.78 | 6.56 | 7.34 | 8.12 | 8.90 | 9.68 |
| Woodie | -5.44 | 0.06 | 3.08 | 8.58 | 11.60 | 17.10 | 20.12 |
| Fibonacci | 0.47 | 3.73 | 5.74 | 8.99 | 12.25 | 14.26 | 17.51 |
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): | 78.57 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 33.37 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 11.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.98 | |
| Elder Ray (13): | 0.68 | |
| Super Trend (3,10): | 11.32 | |
| Zig ZAG (10): | 12.32 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 93.03 | |
| TEMA (21): | 11.86 | |
| Williams %R (14): | -13.56 | |
| Chande Momentum Oscillator (20): | 1.47 | |
| Repulse (5,40,3): | 6.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 12.87 |
| MA7: | 11.00 | |
| MA20: | 8.30 | |
| MA50: | 9.87 | |
| MA100: | 14.03 | |
| MAexp7: | 11.94 | |
| MAexp20: | 11.40 | |
| MAexp50: | 11.15 | |
| MAexp100: | 10.86 | |
| Price / MA7: | +12.00% | |
| Price / MA20: | +48.43% | |
| Price / MA50: | +24.82% | |
| Price / MA100: | -12.19% | |
| Price / MAexp7: | +3.18% | |
| Price / MAexp20: | +8.07% | |
| Price / MAexp50: | +10.49% | |
| Price / MAexp100: | +13.44% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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