SYSBTC
Syscoin Rising Channel, Recovery Potential 555% & BeyondEver since the start of January Sycoin (SYSBTC) has been going through a strong bearish wave.
Right now we can appreciate a rising channel long-term and prices start to form a potential low.
The 0.786 Fib. retracement level for the last bullish wave has been breached.
This level normally holds.
Below this level corrections tend to end.
Right after we can see grow.
We have long-term higher highs and higher lows.
There is potential for 400%, 500% or even more.
Additional details on the chart.
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Namaste.
The Opportunity of 2022! $SYS SYSCOIN
This is just a price action analysis but you will be more surprised if you dig deeper into the fundamentals of SYSCOIN. (Check out SYSCOIN on twitter to stay updated on their growth)
Chart analysis - While SYS did take a hit during the last bit of the BTC dump, there was heavy relative strength for months. Take a look at the period between Oct 21 - Jan22 and compare that with BTC; it wont take long to realise the relative strength of SYS. Such as the ones that become market leaders when the overall market turns positives.
SYS/BTC, SYS/USDT have some key levels to break on the chart; For ex SYS/USDT has key resistance between 0.64 - 0.70 which is a key level for the buyers to reclaim.
There is a clear wedge on the 3D chart of SYS.USDT which I have posted before; We had a confirmed breakout on record 3D volumes!
While more work needs to be done, the chart is clear. Massive opportunity lies if SYS/BTC can breach through $0.000027.
(Alot more partnerships and news on the way).
$SYS - SYSCOIN approaches key resistance$SYS has had it all from a shakeout of buyers shown through the blue circled area to a strong breakout on heavy 3D volume, a retest and then a final pickup to retest resistance again.
Key levels to breakout have been highlighted through the red zones but for starters, buyers should focus on breaching through 0.70 which as of now is the most important level.
The 30MA has been a key filter for SYS as shown by how well it has acted as support and resistance through the past 4 -5 months. After an extended decline we have finally seen the 30MA start to flatten out and support a move higher on SYS.
Breaking through 0.70 would mostly likely bring in the momentum for SYS to test $0.90 before we see another base start forming.
Generally a conservative price target is the pattern high at around $1.33.
A further look into SYS/BTC monthly timeframe would give a more broader view into the potential $SYS has in order to move towards $2 - $3 over the short term.
SYS/BTC LOOKS READY TO PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this SYS/BTC TRADE setup. SYS looks good here.
SYS is breaking out from a descending triangle in the daily time frame. It also holds above 200ma which acts as good support.
Buy some now and more in dips.
Entry range:- 1180-1320 sats
Target1:- 1580 sats
Target2:- 1964 sats
Target3:- 2488 sats
Target4:- 3072 sats
SL:- 1064 sats
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SYSUSDT, trade update
SYSUSDT precisely corrected and hit bullish trend line around 38% fib level and now running towards 161% fib level with good opportunity.
We publish precise and compact information which give you quick glimpse for comparative analysis. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button.
SYS/BTC Coinbase Listing EffectYou can check average Coinbase Listing Effect analysis from link below. I believe this is not priced in yet. I know CEO spoke about their full doc application. So here is my price prediction that will hopefully win %91 or even more. I am allocating $100 for this bet. Afterwards I am planing to sell $100 worth, and keep remaining for eternity.
edit for visual pleasure.
multi-year cup and handle on log chart for syscoinTLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 $DOGE.
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Imminent releases: December - NEVM launched -- full smart contract functionality covered by Bitcoin PoW security
Upcoming releases: Q1 2022 - zkRollups launched -- full native Layer1 scalability on-chain.
Upcoming listings: Syscoin has been added to the Asset Hub on Coinbase.
SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH .
Monthly chart is closing on 30 November and is on track to close at the highest level since Q1 2017 when Syscoin made a 100x run in 9 months.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
SYS BTC - Multi-Year Resistance Knocked Out, Bullish ConvergenceBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin, making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.