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Snxanalysis

SNX: Keep an Eye on Breakout Levels🚀💎Paradisers, #SNX has recently displayed CHoCH and BOS, indicating a bullish market structure, and formed a cup and handle pattern, suggesting a potential bullish reversal. 💎If #SNXUSDT manages to break above the resistant level, it could signify further upward movement, with potential targets towards the next swing resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the bullish OB, especially if accompanied by bullish candlestick patterns in this area. 💎However, if the price breaks down below this area, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish sentiment in the market.
by MyCryptoParadise_Nathan
SNX Analysis: Bullish Breakout Signals Potential Upside Momentum💎 SNX has broken out of the resistance zone, which is now acting as support. Additionally, it has broken out of a falling wedge pattern and formed a W pattern in the support zone, increasing the likelihood of a bullish trend. 💎 Moreover, the price has exhibited a CHoCH (Change of Character) or a breakout of the previous swing, indicating a bullish trend. Given these factors, we can anticipate a bullish move from this point. Alternatively, there might be a retracement towards the demand area & expect a bounce from it. In either case, we can expect the price to move towards resistance levels, although it might be advisable to book small positions at each small resistance level. 💎 However, if SNX breaks down below the demand area, it would raise the probability of a bearish move.
by MyCryptoParadise_Nathan