SYNTHETIX - SNX/USD - 1H - Technical analysis published on 07/07/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.70 USD
My targets
2.95 USD (+6.50%)
3.04 USD (+9.86%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SYNTHETIX - SNX/USD as long as the price remains well above 2.70 USD. The buyers' bullish objective is set at 2.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.04 USD. If there is any crossing, the next objective would be the resistance located at 3.59 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
7.3
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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
The SYNTHETIX - SNX/USD price is 2.77 USD. The price registered an increase of +6.13% on the session and was between 2.58 USD and 2.79 USD. This implies that the price is at +7.36% from its lowest and at -0.72% from its highest.2.58
2.79
2.77
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this SYNTHETIX - SNX/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.48 | 2.63 | 2.70 | 2.77 | 2.78 | 2.95 | 3.59 |
| Change (%) | -10.47% | -5.05% | -2.53% | - | +0.36% | +6.50% | +29.60% |
| Change | -0.29 | -0.14 | -0.07 | - | +0.01 | +0.18 | +0.82 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.28 | 2.42 | 2.51 | 2.65 | 2.74 | 2.88 | 2.97 |
| Camarilla | 2.55 | 2.57 | 2.59 | 2.61 | 2.63 | 2.65 | 2.67 |
| Woodie | 2.27 | 2.41 | 2.50 | 2.64 | 2.73 | 2.87 | 2.96 |
| Fibonacci | 2.42 | 2.51 | 2.56 | 2.65 | 2.74 | 2.79 | 2.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.22 | 1.66 | 2.13 | 2.57 | 3.04 | 3.48 | 3.95 |
| Camarilla | 2.36 | 2.44 | 2.53 | 2.61 | 2.69 | 2.78 | 2.86 |
| Woodie | 1.25 | 1.67 | 2.16 | 2.58 | 3.07 | 3.49 | 3.98 |
| Fibonacci | 1.66 | 2.00 | 2.22 | 2.57 | 2.91 | 3.13 | 3.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.93 | 0.25 | 1.28 | 2.46 | 3.49 | 4.67 | 5.70 |
| Camarilla | 1.70 | 1.91 | 2.11 | 2.31 | 2.51 | 2.72 | 2.92 |
| Woodie | -1.01 | 0.21 | 1.21 | 2.42 | 3.42 | 4.63 | 5.63 |
| Fibonacci | 0.25 | 1.09 | 1.62 | 2.46 | 3.30 | 3.83 | 4.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.41 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 9.77 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 2.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.59 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.72 | |
| Zig ZAG (10): | 2.66 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 76.77 | |
| TEMA (21): | 2.66 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.35 |
| MA7: | 2.59 | |
| MA20: | 2.62 | |
| MA50: | 2.56 | |
| MA100: | 3.77 | |
| MAexp7: | 2.65 | |
| MAexp20: | 2.64 | |
| MAexp50: | 2.64 | |
| MAexp100: | 2.63 | |
| Price / MA7: | +6.95% | |
| Price / MA20: | +5.73% | |
| Price / MA50: | +8.20% | |
| Price / MA100: | -26.53% | |
| Price / MAexp7: | +4.53% | |
| Price / MAexp20: | +4.92% | |
| Price / MAexp50: | +4.92% | |
| Price / MAexp100: | +5.32% |
Quotes :
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Real time data
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