SYNTHETIX - SNX/USD - 1H - Technical analysis published on 10/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.50 USD
My targets
1.56 USD (+3.31%)
1.65 USD (+9.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SYNTHETIX - SNX/USD as long as the price remains well above 1.50 USD. The buyers' bullish objective is set at 1.56 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.65 USD. If there is any crossing, the next objective would be the resistance located at 1.68 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
The SYNTHETIX - SNX/USD price is 1.51 USD. On the day, this instrument gained +8.63% with the lowest point at 1.39 USD and the highest point at 1.51 USD. The deviation from the price is +8.63% for the low point and 0% for the high point.1.39
1.51
1.51
Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SYNTHETIX - SNX/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.36 | 1.41 | 1.50 | 1.51 | 1.56 | 1.65 | 1.68 |
| Change (%) | -9.93% | -6.62% | -0.66% | - | +3.31% | +9.27% | +11.26% |
| Change | -0.15 | -0.10 | -0.01 | - | +0.05 | +0.14 | +0.17 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.25 | 1.29 | 1.34 | 1.38 | 1.43 | 1.47 | 1.52 |
| Camarilla | 1.37 | 1.37 | 1.38 | 1.39 | 1.40 | 1.41 | 1.42 |
| Woodie | 1.26 | 1.29 | 1.35 | 1.38 | 1.44 | 1.47 | 1.53 |
| Fibonacci | 1.29 | 1.32 | 1.35 | 1.38 | 1.41 | 1.44 | 1.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.16 | 1.28 | 1.48 | 1.60 | 1.80 | 1.92 |
| Camarilla | 1.31 | 1.34 | 1.37 | 1.40 | 1.43 | 1.46 | 1.49 |
| Woodie | 0.92 | 1.14 | 1.24 | 1.46 | 1.56 | 1.78 | 1.88 |
| Fibonacci | 1.16 | 1.28 | 1.36 | 1.48 | 1.60 | 1.68 | 1.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 1.09 | 1.34 | 1.55 | 1.80 | 2.01 | 2.26 |
| Camarilla | 1.45 | 1.50 | 1.54 | 1.58 | 1.62 | 1.66 | 1.71 |
| Woodie | 0.89 | 1.10 | 1.35 | 1.56 | 1.81 | 2.02 | 2.27 |
| Fibonacci | 1.09 | 1.27 | 1.38 | 1.55 | 1.73 | 1.84 | 2.01 |
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): | 67.96 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 32.97 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.45 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.42 | |
| Zig ZAG (10): | 1.47 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 52.38 | |
| TEMA (21): | 1.48 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 6.11 |
| MA7: | 1.44 | |
| MA20: | 1.47 | |
| MA50: | 1.48 | |
| MA100: | 1.46 | |
| MAexp7: | 1.47 | |
| MAexp20: | 1.45 | |
| MAexp50: | 1.43 | |
| MAexp100: | 1.43 | |
| Price / MA7: | +4.86% | |
| Price / MA20: | +2.72% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | +2.72% | |
| Price / MAexp20: | +4.14% | |
| Price / MAexp50: | +5.59% | |
| Price / MAexp100: | +5.59% |
Quotes :
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Real time data
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Cryptocompare
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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