SYNTHETIX - SNX/USD - 1H - Technical analysis published on 05/18/2021 (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
67%
11%
22%
My opinion
Bullish above 22.08 USD
My targets
23.20 USD (+2.47%)
27.07 USD (+19.55%)
My analysis
The bullish trend is currently very strong on SYNTHETIX - SNX/USD. As long as the price remains above the support at 22.08 USD, you could try to benefit from the boom. The first bullish objective is located at 23.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 27.07 USD as an objective. Crossing it would then enable buyers to target 27.16 USD. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNTHETIX - SNX/USD rating 22.64 USD. On the day, this instrument gained +10.87% and was between 20.25 USD and 23.86 USD. This implies that the price is at +11.80% from its lowest and at -5.11% from its highest.20.25
23.86
22.64
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
Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USD indicates that the overall trend is strongly bullish. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.87 | 20.63 | 22.08 | 22.64 | 23.20 | 27.16 |
| Change (%) | -16.65% | -8.88% | -2.47% | - | +2.47% | +19.96% |
| Change | -3.77 | -2.01 | -0.56 | - | +0.56 | +4.52 |
| Level | Major | Intermediate | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.53 | 14.58 | 17.50 | 19.55 | 22.47 | 24.52 | 27.44 |
| Camarilla | 19.05 | 19.51 | 19.96 | 20.42 | 20.88 | 21.33 | 21.79 |
| Woodie | 12.97 | 14.80 | 17.94 | 19.77 | 22.91 | 24.74 | 27.88 |
| Fibonacci | 14.58 | 16.48 | 17.65 | 19.55 | 21.45 | 22.62 | 24.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.56 | 11.49 | 15.35 | 19.28 | 23.14 | 27.07 | 30.93 |
| Camarilla | 17.08 | 17.79 | 18.51 | 19.22 | 19.93 | 20.65 | 21.36 |
| Woodie | 7.54 | 11.47 | 15.33 | 19.26 | 23.12 | 27.05 | 30.91 |
| Fibonacci | 11.49 | 14.46 | 16.30 | 19.28 | 22.25 | 24.09 | 27.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.17 | 8.14 | 13.18 | 18.15 | 23.19 | 28.16 | 33.20 |
| Camarilla | 15.46 | 16.38 | 17.29 | 18.21 | 19.13 | 20.05 | 20.96 |
| Woodie | 3.20 | 8.16 | 13.21 | 18.17 | 23.22 | 28.18 | 33.23 |
| Fibonacci | 8.14 | 11.97 | 14.33 | 18.15 | 21.98 | 24.34 | 28.16 |
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): | 72.90 | |
| MACD (12,26,9): | 0.9600 | |
| Directional Movement: | 22.80 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 22.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.79 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 20.85 | |
| Zig ZAG (10): | 22.97 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 78.77 | |
| TEMA (21): | 23.18 | |
| Williams %R (14): | -32.35 | |
| Chande Momentum Oscillator (20): | 1.74 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6400 | |
| Courbe Coppock: | 21.67 |
| MA7: | 19.79 | |
| MA20: | 18.55 | |
| MA50: | 18.46 | |
| MA100: | 19.64 | |
| MAexp7: | 22.44 | |
| MAexp20: | 21.45 | |
| MAexp50: | 20.42 | |
| MAexp100: | 20.01 | |
| Price / MA7: | +14.40% | |
| Price / MA20: | +22.05% | |
| Price / MA50: | +22.64% | |
| Price / MA100: | +15.27% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +5.55% | |
| Price / MAexp50: | +10.87% | |
| Price / MAexp100: | +13.14% |
Quotes :
-
Real time data
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