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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.

DateJune 11, 2022 - 17:21
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 3.327 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of downtrend is increased.
  • A peak is formed in daily chart at 3.445 on 05/31/2022, so more losses to support(s) 2.175 and more depths 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 38.

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