#Synthetix #SNX #SNXUSDT
The signal here is called "hidden bullish divergence." It is one of those divergences with the RSI. There is also a falling wedge pattern. Regardless of these, after a major flush there is always a strong recovery.
SNX went below its previous low and support and immediately started to turn. The RSI entered oversold territory and is now starting to recover.
This is another chart setup similar to AAVE, you can buy now/today and start green the next day. Truly the best possible entry prices and timing.
Another bullish signal comes from the volume but we looked at this indicator already plenty of times.
Just a move back to baseline can produce big gains. A bullish wave here can easily yield some 150% to 300% within weeks or days, once the bullish action starts.
Since the decline was fast and sustained, the reversal should be equally strong. This is a perfect chart setup if you are looking for opportunities to go LONG.
Namaste.
✅ Trade here on $SNX
