SYNTHETIX - SNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SNXUSDT
ISIN:

SYNTHETIX - SNX/USDT - Daily - Technical analysis published on 03/13/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 2.92 USDT

My targets

3.47 USDT (+8.10%)

3.75 USDT (+16.92%)

My analysis

The bullish trend is currently very strong on SYNTHETIX - SNX/USDT. As long as the price remains above the support at 2.92 USDT, you could try to benefit from the boom. The first bullish objective is located at 3.47 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.75 USDT as an objective. Crossing it would then enable buyers to target 7.31 USDT. 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

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SYNTHETIX - SNX/USDT price is 3.21 USDT. The price registered an increase of +15.47% on the session with the lowest point at 2.74 USDT and the highest point at 3.32 USDT. The deviation from the price is +17.15% for the low point and -3.31% for the high point.

2.74

3.32

3.21

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USDT:

Technical

Technical analysis of SYNTHETIX - SNX/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.36	2.72	2.92	3.21	3.47	7.31	15.01
Change (%)	-26.48%	-15.26%	-9.03%	-	+8.10%	+127.73%	+367.60%
Change	-0.85	-0.49	-0.29	-	+0.26	+4.10	+11.80
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Minor

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	1.89	2.33	2.56	3.00	3.23	3.67
Camarilla	2.60	2.66	2.72	2.78	2.84	2.90	2.96
Woodie	1.78	1.94	2.45	2.61	3.12	3.28	3.79
Fibonacci	1.89	2.14	2.30	2.56	2.81	2.97	3.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.37	1.18	1.68	2.49	2.99	3.80	4.30
Camarilla	1.82	1.94	2.06	2.18	2.30	2.42	2.54
Woodie	0.22	1.10	1.53	2.41	2.84	3.72	4.15
Fibonacci	1.18	1.68	1.99	2.49	2.99	3.30	3.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.26	1.73	2.09	2.56	2.92	3.39	3.75
Camarilla	2.23	2.31	2.38	2.46	2.54	2.61	2.69
Woodie	1.22	1.70	2.05	2.53	2.88	3.36	3.71
Fibonacci	1.73	2.04	2.24	2.56	2.87	3.07	3.39

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):	59.27
MACD (12,26,9):	0.0500
Directional Movement:	7.83
AROON (14):	-42.85
DEMA (21):	2.76
Parabolic SAR (0,02-0,02-0,2):	1.99
Elder Ray (13):	0.26
Super Trend (3,10):	1.91
Zig ZAG (10):	3.31
VORTEX (21):	1.0100
Stochastique (14,3,5):	56.19
TEMA (21):	2.73
Williams %R (14):	-7.39
Chande Momentum Oscillator (20):	0.18
Repulse (5,40,3):	30.6600
ROCnROLL:	1
TRIX (15,9):	0.3400
Courbe Coppock:	1.72

MA7:	2.62
MA20:	2.71
MA50:	2.58
MA100:	2.14
MAexp7:	2.73
MAexp20:	2.68
MAexp50:	2.52
MAexp100:	2.37
Price / MA7:	+22.52%
Price / MA20:	+18.45%
Price / MA50:	+24.42%
Price / MA100:	+50.00%
Price / MAexp7:	+17.58%
Price / MAexp20:	+19.78%
Price / MAexp50:	+27.38%
Price / MAexp100:	+35.44%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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