✴️ Synthetix Short-Term (Wave Count + Jargon)

5 ส.ค. 2023

This is what I am seeing, I can be embarrassingly wrong but I will have some courage and share my opinion with you anyway, even though it can fail badly still, no risk no glory; let's trade.

You know when you have your eyes on a pair knowing that it is set to grow and it suddenly crashes. You make a mental note to look back once support hits but somehow you completely ignore it when the time is right and once you look back it is already long gone?

I had Synthetix in mind for a while and then completely forgot about it and now it is doing better than many of the other pairs that I recommend and hold.

Actually, I don't recommend anything I just read charts.

SNXUSD
We are looking at a potential impulse after a correction.

10-June clearly marks the bottom of a strong correction and a new impulse develops.

We have potentially 2 waves up and 2 waves down, we are only missing one final up wave to form a 3 up 2 down (bullish impulse) wave pattern.

Bottom of wave 4 does wick below the top of wave 1 but you know, we can't be too strict with these things.

It is too early too tell but with other Altcoins being so bullish, SHIB, BNT, SC, HNT, etc., it is likely that this pair will also resume growing, if not now, maybe within a few days.

That's my view of course, I can be completely wrong.
In time we will know how it goes.

✔️ Thank you for taking the time to leave a comment.
✔️ Thank you for showing up to read.
✔️ Thank you for your continued support.

Namaste.