SYNTHETIX - SNX/USD - 1H - Technical analysis published on 12/06/2024 (GMT)
- 106
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.16 USD
My targets
3.62 USD (+13.93%)
3.64 USD (+14.56%)
My analysis
SYNTHETIX - SNX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.16 USD. The next resistance located at 3.62 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.64 USD. After this resistance, buyers could then target 4.52 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USD price is 3.18 USD. On the day, this instrument gained +8.16% and was between 2.93 USD and 3.21 USD. This implies that the price is at +8.53% from its lowest and at -0.93% from its highest.2.93
3.21
3.18
Here is a more detailed summary of the historical variations registered by SYNTHETIX - SNX/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on SYNTHETIX - SNX/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SYNTHETIX - SNX/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.69 | 2.90 | 3.16 | 3.18 | 4.52 | 5.11 | 7.71 |
| Change (%) | -15.41% | -8.81% | -0.63% | - | +42.14% | +60.69% | +142.45% |
| Change | -0.49 | -0.28 | -0.02 | - | +1.34 | +1.93 | +4.53 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 2.46 | 2.63 | 2.78 | 2.95 | 3.10 | 3.27 | 3.42 |
| Camarilla | 2.85 | 2.88 | 2.91 | 2.94 | 2.97 | 3.00 | 3.03 |
| Woodie | 2.46 | 2.63 | 2.78 | 2.95 | 3.10 | 3.27 | 3.42 |
| Fibonacci | 2.63 | 2.75 | 2.82 | 2.95 | 3.07 | 3.14 | 3.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.43 | 1.70 | 2.16 | 2.43 | 2.89 | 3.16 | 3.62 |
| Camarilla | 2.43 | 2.50 | 2.56 | 2.63 | 2.70 | 2.76 | 2.83 |
| Woodie | 1.54 | 1.75 | 2.27 | 2.48 | 3.00 | 3.21 | 3.73 |
| Fibonacci | 1.70 | 1.98 | 2.15 | 2.43 | 2.71 | 2.88 | 3.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.22 | 0.72 | 1.68 | 2.18 | 3.14 | 3.64 | 4.60 |
| Camarilla | 2.23 | 2.36 | 2.50 | 2.63 | 2.76 | 2.90 | 3.03 |
| Woodie | 0.44 | 0.84 | 1.90 | 2.30 | 3.36 | 3.76 | 4.82 |
| Fibonacci | 0.72 | 1.28 | 1.63 | 2.18 | 2.74 | 3.09 | 3.64 |
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): | 67.03 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 10.33 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 3.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.83 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 2.97 | |
| Zig ZAG (10): | 3.18 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 94.97 | |
| TEMA (21): | 3.09 | |
| Williams %R (14): | -4.76 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 5.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 5.04 |
| MA7: | 2.86 | |
| MA20: | 2.33 | |
| MA50: | 1.82 | |
| MA100: | 1.63 | |
| MAexp7: | 3.10 | |
| MAexp20: | 3.04 | |
| MAexp50: | 2.99 | |
| MAexp100: | 2.89 | |
| Price / MA7: | +11.19% | |
| Price / MA20: | +36.48% | |
| Price / MA50: | +74.73% | |
| Price / MA100: | +95.09% | |
| Price / MAexp7: | +2.58% | |
| Price / MAexp20: | +4.61% | |
| Price / MAexp50: | +6.35% | |
| Price / MAexp100: | +10.03% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SYNTHETIX - SNX/USD - 1H