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Weekly forecast Synthetix technical chart
Symbol SNXUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (3.205 to 2.978). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (3.205)
  • Ending of entry zone (2.978)

DateFebruary 12, 2024 - 12:23
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 2.978, continuation of uptrend is expected.
  • We make sure when the resistance at 4.946 breaks.
  • If the support at 2.978 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 2.978 on 01/23/2024, so more gains to resistance(s) 3.600, 4.055, 4.405 and maximum to Major Resistance (4.946) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 3.600
  2. 4.055
  3. 4.405
  4. 4.946
  5. 7.200
  6. 8.190
  7. 11.800
  8. 15.850
  9. 25.835
  10. 28.980
Click on the level to view price action history.

Symbol Released Current Forecast
Synthetix (SNXUSD) Sat, 20 Jul 2024
Synthetix (SNXUSD) Sun, 30 Jun 2024
Synthetix (SNXUSD) Sat, 22 Jun 2024
Synthetix (SNXUSD) Sat, 15 Jun 2024
Synthetix (SNXUSD) Tue, 11 Jun 2024