SYNTHETIX - SNX/USD - 1H - Technical analysis published on 12/04/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 3.78 USD
My targets
4.03 USD (+5.70%)
4.34 USD (+13.99%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.78 USD remains possible. It is advisable to trade SYNTHETIX - SNX/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.78 USD. The next bullish objective for buyers is set at 4.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.34 USD. If there is any crossing, the next objective would be the resistance located at 7.71 USD. PS: if there is a bearish break in the support located at 3.78 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNTHETIX - SNX/USD rating 3.81 USD. The price is lower by -0.26% since the last closing and was traded between 3.78 USD and 3.91 USD over the period. The price is currently at +0.79% from its lowest and -2.56% from its highest.3.78
3.91
3.81
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.49 | 3.64 | 3.78 | 3.81 | 7.71 | 15.02 | 23.39 |
| Change (%) | -8.40% | -4.46% | -0.79% | - | +102.36% | +294.23% | +513.91% |
| Change | -0.32 | -0.17 | -0.03 | - | +3.90 | +11.21 | +19.58 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Major |
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 | 3.31 | 3.47 | 3.65 | 3.81 | 3.99 | 4.15 | 4.33 |
| Camarilla | 3.73 | 3.76 | 3.79 | 3.82 | 3.85 | 3.88 | 3.91 |
| Woodie | 3.31 | 3.48 | 3.65 | 3.82 | 3.99 | 4.16 | 4.33 |
| Fibonacci | 3.47 | 3.60 | 3.68 | 3.81 | 3.94 | 4.02 | 4.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.81 | 3.01 | 3.32 | 3.52 | 3.83 | 4.03 | 4.34 |
| Camarilla | 3.50 | 3.55 | 3.59 | 3.64 | 3.69 | 3.73 | 3.78 |
| Woodie | 2.88 | 3.04 | 3.39 | 3.55 | 3.90 | 4.06 | 4.41 |
| Fibonacci | 3.01 | 3.20 | 3.32 | 3.52 | 3.71 | 3.83 | 4.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 1.47 | 2.39 | 3.09 | 4.01 | 4.71 | 5.63 |
| Camarilla | 2.86 | 3.00 | 3.15 | 3.30 | 3.45 | 3.60 | 3.75 |
| Woodie | 0.87 | 1.53 | 2.49 | 3.15 | 4.11 | 4.77 | 5.73 |
| Fibonacci | 1.47 | 2.09 | 2.47 | 3.09 | 3.71 | 4.09 | 4.71 |
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): | 50.08 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 15.42 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 3.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.91 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 3.74 | |
| Zig ZAG (10): | 3.81 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 14.81 | |
| TEMA (21): | 3.81 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.9900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.59 |
| MA7: | 3.54 | |
| MA20: | 3.38 | |
| MA50: | 2.76 | |
| MA100: | 2.41 | |
| MAexp7: | 3.81 | |
| MAexp20: | 3.82 | |
| MAexp50: | 3.75 | |
| MAexp100: | 3.64 | |
| Price / MA7: | +7.63% | |
| Price / MA20: | +12.72% | |
| Price / MA50: | +38.04% | |
| Price / MA100: | +58.09% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | +1.60% | |
| Price / MAexp100: | +4.67% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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