SYNTHETIX - SNX/USD - 1H - Technical analysis published on 09/28/2022 (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:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.36 USD
My targets
2.43 USD (+1.25%)
2.53 USD (+5.42%)
My analysis
The strong short-term increase of SYNTHETIX - SNX/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 2.36 USD, a purchase could be considered. The first bullish objective is located at 2.43 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2.53 USD. If there is any crossing, the next objective would be the resistance at 3.02 USD. Caution, if there is a return under 2.36 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
3.8
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Additional analysis
Quotes
The SYNTHETIX - SNX/USD rating is 2.40 USD. The price has increased by +6.20% since the last closing and was traded between 2.16 USD and 2.41 USD over the period. The price is currently at +11.11% from its lowest and -0.41% from its highest.2.16
2.41
2.40
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.54 | 2.27 | 2.36 | 2.40 | 2.43 | 2.53 | 3.02 |
| Change (%) | -35.83% | -5.42% | -1.67% | - | +1.25% | +5.42% | +25.83% |
| Change | -0.86 | -0.13 | -0.04 | - | +0.03 | +0.13 | +0.62 |
| Level | Major | Major | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.98 | 2.11 | 2.18 | 2.31 | 2.38 | 2.51 | 2.58 |
| Camarilla | 2.21 | 2.22 | 2.24 | 2.26 | 2.28 | 2.30 | 2.32 |
| Woodie | 1.96 | 2.10 | 2.16 | 2.30 | 2.36 | 2.50 | 2.56 |
| Fibonacci | 2.11 | 2.18 | 2.23 | 2.31 | 2.38 | 2.43 | 2.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 1.96 | 2.19 | 2.46 | 2.69 | 2.96 | 3.19 |
| Camarilla | 2.27 | 2.32 | 2.36 | 2.41 | 2.46 | 2.50 | 2.55 |
| Woodie | 1.66 | 1.95 | 2.16 | 2.45 | 2.66 | 2.95 | 3.16 |
| Fibonacci | 1.96 | 2.15 | 2.27 | 2.46 | 2.65 | 2.77 | 2.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.55 | 1.59 | 2.27 | 3.31 | 3.99 | 5.03 | 5.71 |
| Camarilla | 2.49 | 2.65 | 2.80 | 2.96 | 3.12 | 3.28 | 3.43 |
| Woodie | 0.38 | 1.50 | 2.10 | 3.22 | 3.82 | 4.94 | 5.54 |
| Fibonacci | 1.59 | 2.24 | 2.65 | 3.31 | 3.96 | 4.37 | 5.03 |
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): | 57.37 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 2.61 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 2.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.21 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 2.31 | |
| Zig ZAG (10): | 2.30 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.14 | |
| TEMA (21): | 2.25 | |
| Williams %R (14): | -18.75 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 1.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 1.72 |
| MA7: | 2.38 | |
| MA20: | 2.58 | |
| MA50: | 2.96 | |
| MA100: | 3.01 | |
| MAexp7: | 2.27 | |
| MAexp20: | 2.26 | |
| MAexp50: | 2.30 | |
| MAexp100: | 2.34 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | -6.98% | |
| Price / MA50: | -18.92% | |
| Price / MA100: | -20.27% | |
| Price / MAexp7: | +5.73% | |
| Price / MAexp20: | +6.19% | |
| Price / MAexp50: | +4.35% | |
| Price / MAexp100: | +2.56% |
Quotes :
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Real time data
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