SYNTHETIX - SNX/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SNXUSD
ISIN:

SYNTHETIX - SNX/USD - Daily - Technical analysis published on 03/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 2.35 USD

My targets

3.02 USD (+12.16%)

3.11 USD (+15.61%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SYNTHETIX - SNX/USD. As long as you are above the support located at 2.35 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.02 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 3.11 USD as an objective. Crossing it would then enable buyers to target 3.48 USD. If the support 2.35 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.3

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.

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Additional analysis

Quotes

The SYNTHETIX - SNX/USD price is 2.69 USD. The price has increased by +22.27% since the last closing with the lowest point at 2.13 USD and the highest point at 2.71 USD. The deviation from the price is +26.29% for the low point and -0.74% for the high point.

2.13

2.71

2.69

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

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SYNTHETIX - SNX/USD chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.51	2.06	2.35	2.69	2.72	3.11	3.48
Change (%)	-43.87%	-23.42%	-12.64%	-	+1.12%	+15.61%	+29.37%
Change	-1.18	-0.63	-0.34	-	+0.03	+0.42	+0.79
Level	Major	Major	Intermediate	-	Major	Major	Minor

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	1.70	1.85	2.03	2.18	2.36	2.51	2.69
Camarilla	2.11	2.14	2.17	2.20	2.23	2.26	2.29
Woodie	1.71	1.86	2.04	2.19	2.37	2.52	2.70
Fibonacci	1.85	1.98	2.06	2.18	2.31	2.39	2.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.38	1.19	1.70	2.51	3.02	3.83	4.34
Camarilla	1.84	1.96	2.08	2.20	2.32	2.44	2.56
Woodie	0.22	1.12	1.54	2.44	2.86	3.76	4.18
Fibonacci	1.19	1.70	2.01	2.51	3.02	3.33	3.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.47	1.83	2.30	2.66	3.13	3.49	3.96
Camarilla	2.54	2.62	2.69	2.77	2.85	2.92	3.00
Woodie	1.53	1.86	2.36	2.69	3.19	3.52	4.02
Fibonacci	1.83	2.15	2.34	2.66	2.98	3.17	3.49

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):	46.75
MACD (12,26,9):	-0.0300
Directional Movement:	-6.44
AROON (14):	-42.86
DEMA (21):	2.63
Parabolic SAR (0,02-0,02-0,2):	3.11
Elder Ray (13):	-0.28
Super Trend (3,10):	3.10
Zig ZAG (10):	2.52
VORTEX (21):	0.9300
Stochastique (14,3,5):	21.49
TEMA (21):	2.52
Williams %R (14):	-61.36
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	10.9400
ROCnROLL:	-1
TRIX (15,9):	0.2600
Courbe Coppock:	9.09

MA7:	2.57
MA20:	2.69
MA50:	2.60
MA100:	2.19
MAexp7:	2.51
MAexp20:	2.63
MAexp50:	2.53
MAexp100:	2.39
Price / MA7:	+4.67%
Price / MA20:	-0%
Price / MA50:	+3.46%
Price / MA100:	+22.83%
Price / MAexp7:	+7.17%
Price / MAexp20:	+2.28%
Price / MAexp50:	+6.32%
Price / MAexp100:	+12.55%

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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Londinia AI

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