SNX - 500+ days range comes to an end

Synthetix / United States DollarCoinbase

설명

⋅ 2023년 11월 18일 오후 7시 34분

SNX has been trading in this accumulation range for more than 500 days now, but I am sure this will come to an end coming days.

First step would be a weekly candle close above the range highs. Think we will see a strong push towards 5$ after that.

Stay safe!

코멘트

⋅ 2023년 11월 20일 오후 1시 14분

And there it is :)

코멘트

⋅ 2023년 11월 27일 오후 9시 12분

Now another deep pullback into former range highs. This should have bottomed out today, meaning weekly low should be in.

주문취소됨

⋅ 2024년 4월 29일 오후 1시 47분

Almost reached target, but could not maintain the trend. Overall weak performance.

Won't trade this again!

Stay safe!

Support and Resistance

코멘트

NoFOMO_

⋅ 2023년 11월 20일 오후 5시 1분

Nice work, I've reached the same conclusion. If you look at the Chainlink chart it also had over 500 sideways accumulation before its breakout.

TV288

⋅ 2023년 11월 20일 오후 6시 23분

@DeathstrokeTerminator, Yes :) These setups are actually pretty easy to spot. Playing out nicely so far.

NoFOMO_

⋅ 2023년 12월 9일 오후 6시 16분

Where do you expect it to pull back to? $3.45 appears to be a good S/R flip level