- SNX is ready for an upcoming uptrend!
- On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout!
- The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4).
- You can set your profit target here, between 9.19 USDT to 8.02 USDT.
- We have a huge descending parallel channel and I think we can definitely break through this channel!
- I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again.
- https://www.tradingview.com/chart/SNXUSD/pOGpSmOT-Synthetix-SNX-Bullish-head-and-shoulders-Elliott-wave/
