TheCryptagon

SNXUSD Gave a major break out buy signal

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CRYPTO:SNXUSD   Synthetix
Synthetix / SNXUSD crossed today over not just the 4 month Channel Down but also the 1 year Falling Resistance (since the July 28th 2022 High) and the 1day MA200.

That is the strongest break out buy signal we could get on the medium term as despite stopping at Resistance A, it is repeating the rise of January, which after getting the 1day RSI overbought, it formed a Channel Up and peaked near the 1.5 Fibonacci level.

Buy now and target the new 1.5 Fibonacci at 3.70000.

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