SYS Trading Idea & 2018 Price ProjectionRight around the height of "Altcoin Mania" in June 2017 $SYS hit it's all-time-high vs. $BTC and has been trending downward through Q3 & Q4.
Based on several project related updates scheduled for Q1 of 2018, I suspect we will see $SYS return to previous highs and potentially continue to move upward from there.
I expect $SYS will break through the long term-resistance trend line eventually, and as the release of the Mainnet + Blockmarket gets nearer, along with the addition of Masternodes as an incentive to invest in and hold the token, I expect we will see fireworks.
For more information on Syscoin go to:
syscoin.org
Syscoin
Syscoin Getting Close To Psychological ResistanceFollowing the previous idea on Syscoin , it broke above the upside target and continued to move higher. The question remains how fart it could potentially go?
Clearly there is a massive support at $0.33 level where previously was a resistance. This is also the price where the uptrend trendline was rejected, and price got extremely close to the 200 Moving Average, but without touching it went up again.
Closest support is now at $0.68 and from there SYS/USD should continue rising. The first very strong resistance is at $0.9 and it could potentially go to $1 psychological level. If it manages to break above the $1 then another 50% rise could be on its' way, where Syscoin target is seen at $1.47. Only a break and close below the $0.33 support could invalidate bullish outlook.
SyscoinI was hoping this coin would pull back one more time before posting this, but it's looking pretty strong
There is lots of room to the upside here.
Fundamentally,
Syscoin has lots of good news coming up. It has a solid team and is part of the Microsoft Azure network. But DYOR. Here's some upcoming news that should accelerate the price.
Dec 31- Rebranding "Excited for the future of @BlockFoundry & #Syscoin, rebranding as mentioned in PR is all good and on track to launch in December"
Jan 31 - Syscoin is releasing a decentralized marketplace called blockmarket. Kinda like an ebay or amazon, but no middleman taking cuts. They're not the only ones doing this, but its a good thing they have coming "Blockmarket Web 1.0 & Desktop 1.x"
February 28th- Mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0. Masternodes will be all the hype in 2018. Kinda like segwit was in 2018. Syscoin already has segwit enabled as well.
It's also worth noting that in order for anyone to own a masternode it costs 10,000 SYS. Masternodes help secure the network and in return the stakeholders receive payouts in SYS. This means that more people with lots of SYS are incentivized to hold onto their coins and decrease the coin supply because they will be earning a passive income. Less coins = Higher price.
Technically,
Syscoin has major divergence showing against the downtrend and price has been bouncing between the ending wedge pattern for 2 months now. If it doesn't rocket to the upside soon, we should hopefully see a healthy pullback to test any where between the .382 or as deep as the .882 of the current impulse. Ive marked with blue arrows.
RSI and stochastics are showing overbought and BTC is down, so it's probable we'll get a pullback if BTC decides to pump like it usually does. However, this market is highly speculative and news tends to push prices beyond their true values so it's hard to tell if it will pullback here.
As always DYOR and keep this one on your radar for early 2018. I believe even if you get in now and it decides to pullback you will still make a profit if you can hodl until February.
SYS breakout Sys made a top today in 5600 Area and now it is in support area in 4800
for risk trader : we can take it to the back top in 5600 and waiting for a breakout
there is a trend with resistant line in 5600 if it break it , it wil lfly to 6600 then 7200
for more safty : keep looking because it can go to the lower support area in 4000
SYSBTC SysCoin. FIB RetracementAll I saw today was real Fib Retracement till 0.618 level, we may see more retrace until 0.5 fib level, but it's 50%. In my opinion, orange curve movement may happen more than green one, because Stoch RSI is going downward. However, indicators are not right every time and we may see green movement.
Buy level 30-33. Stop loss lower than 30. Good Luck !
SYS is in an uptrend!SYS is in an uptrend. BITTREX:SYSUSD
Cryptocurrency is in an uptrend.
Breakout is likely to the upside.
Syscoin Buy OpportunityThe price bounced from the support zone formed by the uptrend line and SMA50. MACD and DMI support upward movement. If the price breaks the resistance level and the previous swing high, we'll get a signal confirming that the market is going to move higher. Pending orders for buy can be placed at 0.00002550 level with stop orders at 0.00002150 level. Profit targets are 0.00003000 and 0.00003800 resistance levels.
Syscoin Entry LevelThe previous swing high can be a good level for placing buy orders. If the market breaks 0.00003000 resistance level and moves upward, we'll be able to catch this price movement. Entry level is 0.00003100 with stop orders at 0.00002450 level. Profit targets are 0.00004000 and 0.0000500 resistance levels.
SYS: A Bull Rally Soon?After having retraced almost 100% since last massive rally, the chart shows a similar price consolidation as previous pre-rally consolidation. Price sitting at strong support and a bullish divergence on the MACD also helps. As far as fundamentals: master nodes soon, which could push the price to a new ATH.
Syscoin: An Interesting Investment OpportunityThe Syscoin 2.2 Testnet for Masternodes was released just days ago and is successfully being tested.
IN Q1 2018 the final version will be released. It will cost 100k SYS (at current market price: 21895 USD) to run a masternode. Masternodes provide very good, solid investment returns and are very in demand. Somewhere in Q1, 2018 the Syscoin team will release the beta web version of Blockmarket, which will be a lot more accessible and easy to use for the average Joe. I predict 300% ROI within 4 months.
SysCoinAt the beginning of the ascent, I noticed one of the candle patterns "morning star", which indicates a change in trend. RSI, MOM and cross MACD up wardly confirm this movement.
I recommend buying from 0.000036. If the price breaks the resistance level of 0.000045, it can go to 0.000068. I advise you to fix profits in parts.
Buy 0.000036
target 0.000045-0.000068
stop-loss 0.000025
SYS Have good action SYS touch weekly support last week at 0.00002318 that not the first time last time bounced about 80 % now we see tail from support area
good movement at daily and 4 H frame
good to get fast trade to 0.000030 as first Target
sl if get back and close under 0.00002318
capital management is recommended
we ask Allah reconcile and repay