Bullish for SNX
One of my favourite DEFI project looks bullish after breaking the resistance at $13. It might retest the resistance again after reaching the 0.5 fib level, which is approximately at $15.5.
But looking at weekly chart, the MACD crosses below, which is but not always bullish. But I do believe is MACD crosses in weekly chart, it signals a bullish move in the price.
I think the price will reach $18. But breaking the red resistant line on the chart, which coincide with the 0.782 fib level, might be slightly more difficult. But crossing that, it will send the price to $25 or even breaking the ATH.
But all depends on BTC if it manages to break the 0.618 fib level at 50K....Hopefully BTC doesn't drag the market down again
But looking at weekly chart, the MACD crosses below, which is but not always bullish. But I do believe is MACD crosses in weekly chart, it signals a bullish move in the price.
I think the price will reach $18. But breaking the red resistant line on the chart, which coincide with the 0.782 fib level, might be slightly more difficult. But crossing that, it will send the price to $25 or even breaking the ATH.
But all depends on BTC if it manages to break the 0.618 fib level at 50K....Hopefully BTC doesn't drag the market down again
Note
Also forget to mention that the volume increases and the daily chart did a double bottom...
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.