2021-07-13 20:30:08
Synthetix (SNXUSD) Failed to Break $13.500 Resistance
SNXUSD Market Analysis – Price Failed to Break Through $13.500 Barrier
Synthetix failed to break $13.500 at the second time of testing. This is despite the fact that the market had fallen to $9.360 to bounce up. On reaching the resistance, the price was repelled strongly. This can be seen in the bearish inverted hammer candlestick shown.
Synthetix Key Levels
Resistance Levels: $16.400, $13.500
Support Levels: $11.450, $9.360
The last time the Synthetix attempted this key level was early in June. The market had just fallen below it and attempted to rally immediately, but $13.500 defended the price well and it eventually fell to as low as $5.500. It was from this point that SNXUSD began to rally again to make up for…
For the remainder of this analysis and the signal to place this trade, please join our VIP group here: https://cryptosignals.org/
501 views17:30