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Weekly forecast Synthetix technical chart
Symbol SNXUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 7, 2023 - 10:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.395, beginning of uptrend is expected.
  • We make sure when the resistance at 3.367 breaks.
  • If the support at 1.395 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 3.090 on 04/19/2023, so more losses to support(s) 2.289, 1.984, 1.814 and minimum to Major Support (1.395) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Symbol Released Current Forecast
Synthetix (SNXUSD) free Sat, 23 Mar 2024
Synthetix (SNXUSD) Sun, 17 Mar 2024
Synthetix (SNXUSD) free Sun, 10 Mar 2024
Synthetix (SNXUSD) free Sun, 3 Mar 2024
Synthetix (SNXUSD) Sat, 24 Feb 2024