Syscoin
Syscoin (SYS) about to complete Shark | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Syscoin ( SYS ) with US Dollar pair.
Previously we had a nice trade of SYS:
Now on a 4-hr time frame chart, SYS is about to complete the final leg of bullish Shark.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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.
Feel free to hit like if you want to show your support.
Namaste.
sysusdtIf this price is breached up (0.2455$) The close is above the 4-hour candle
The price will go up directly to (0.2988$)
But if the price rebounds from (0.2455$) The price will drop directly to (0.1726$)
Therefore if the conditions for the breakout are met, the price will head towards the targets drawn in green 🟢
If the price bounces down, it will head to the targets drawn in red 🔴
🆓Syscoin (SYS) Apr-14 #SYS $SYS
The buying force at $0.5 of SYS is very potential, the appearance of this buying force can help SYS increase strongly to the area of $0.75 and $0.9 or even higher in late April.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.5$ zone
🔴Buy : 0.5
🔴Sell : 0.62 - 0.75 - 0.9
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.5$ zone
🔵Sell : 0.5
🔵Buy : 0.44 - 0.38
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Syscoin bullish $30 long term (4000%) Good day
We are looking at the 1 day chart of sys/usd.
As we can see, two cup and handles shapes have formed, meaning a bullish signal.
Fundamentals:
"Syscoin Platform is a full Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology to support cutting-edge applications all in one network. The project's goal is to build a protocol that transforms the blockchain experience and combines the best of Bitcoin and Ethereum. Through Bitcoin merge-mining, Syscoin transforms Bitcoin's Proof-of-Work security and decentralization into a functional and scalable solution"
coinmarketcap.com
"The best of Bitcoin and Ethereum" now that sounds like a strong marketing/propoganda message people will be interested in to gamble on.
Current market cap: 0.5B.
Think about what people will do and what people will do when they know you are thinking about what they will do, so on en sofort ..
Not your financial advisor.
Leave a comment below and have a good day
#Syscoin #SYS - MA Ribbon flipped bullish#Syscoin #SYS - MA Ribbon flipped bullish.
RSI resistance to consider - may reduce the growth potential.
But the RSI levels when buy signal of Ribbon indicator occurs are very interesting IMO.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
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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Also, share your views in the comment section.
Thank You!