SYNTHETIX - SNX/USD - 1H - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3.63 USD
My targets
3.51 USD (-0.85%)
3.20 USD (-9.60%)
My analysis
The bearish trend is currently very strong for SYNTHETIX - SNX/USD. As long as the price remains below the resistance at 3.63 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.51 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.20 USD as an objective. Crossing it would then enable sellers to target 2.81 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USD rating is 3.54 USD. The price registered a decrease of -0.28% on the session and was traded between 3.42 USD and 3.78 USD over the period. The price is currently at +3.51% from its lowest and -6.35% from its highest.3.42
3.78
3.54
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.81 | 3.20 | 3.51 | 3.54 | 3.86 | 4.06 | 4.24 |
| Change (%) | -20.62% | -9.60% | -0.85% | - | +9.04% | +14.69% | +19.77% |
| Change | -0.73 | -0.34 | -0.03 | - | +0.32 | +0.52 | +0.70 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 3.13 | 3.32 | 3.44 | 3.63 | 3.75 | 3.94 | 4.06 |
| Camarilla | 3.47 | 3.49 | 3.52 | 3.55 | 3.58 | 3.61 | 3.64 |
| Woodie | 3.09 | 3.30 | 3.40 | 3.61 | 3.71 | 3.92 | 4.02 |
| Fibonacci | 3.32 | 3.44 | 3.52 | 3.63 | 3.75 | 3.83 | 3.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.20 | 2.01 | 2.82 | 3.63 | 4.44 | 5.25 | 6.06 |
| Camarilla | 3.20 | 3.34 | 3.49 | 3.64 | 3.79 | 3.94 | 4.09 |
| Woodie | 1.21 | 2.01 | 2.83 | 3.63 | 4.45 | 5.25 | 6.07 |
| Fibonacci | 2.01 | 2.63 | 3.01 | 3.63 | 4.25 | 4.63 | 5.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04 | 1.10 | 2.32 | 3.38 | 4.60 | 5.66 | 6.88 |
| Camarilla | 2.92 | 3.13 | 3.34 | 3.55 | 3.76 | 3.97 | 4.18 |
| Woodie | 0.13 | 1.14 | 2.41 | 3.42 | 4.69 | 5.70 | 6.97 |
| Fibonacci | 1.10 | 1.97 | 2.51 | 3.38 | 4.25 | 4.79 | 5.66 |
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): | 44.87 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -2.36 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 3.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.70 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 3.77 | |
| Zig ZAG (10): | 3.52 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 35.19 | |
| TEMA (21): | 3.53 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 7.51 |
| MA7: | 3.66 | |
| MA20: | 3.18 | |
| MA50: | 2.75 | |
| MA100: | 3.07 | |
| MAexp7: | 3.54 | |
| MAexp20: | 3.60 | |
| MAexp50: | 3.67 | |
| MAexp100: | 3.68 | |
| Price / MA7: | -3.28% | |
| Price / MA20: | +11.32% | |
| Price / MA50: | +28.73% | |
| Price / MA100: | +15.31% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.67% | |
| Price / MAexp50: | -3.54% | |
| Price / MAexp100: | -3.80% |
Quotes :
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Real time data
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