SNX has been consolidating in this channel since mid February and now broke out on very high volume.
High volume indicates that SNX will go higher and break the current ATH.
Targets are :
29 (ATH)
39 (fib 1.618)
50 (psychological resistance)
55 (fib 2.618)
Support is at 21-22, then 19
However, if bitcoin drops aggressively SNX's trend can be put on hold, don't forget to keep some USDT on the side.
Any questions?
Good luck traders
Remember not to break your rules
Habib
High volume indicates that SNX will go higher and break the current ATH.
Targets are :
29 (ATH)
39 (fib 1.618)
50 (psychological resistance)
55 (fib 2.618)
Support is at 21-22, then 19
However, if bitcoin drops aggressively SNX's trend can be put on hold, don't forget to keep some USDT on the side.
Any questions?
Good luck traders
Remember not to break your rules
Habib