Sysusdt
#Syscoin Long position Entry zoneOn the daily chart, we still have clear uptrend movement, trendline and Fibonacci retracement sits perfectly. For both cases, the price is definitely at the support zone.
Now move to a 4-hour timeframe, we clearly see a downtrend. Let`s use MACD indicator and draw trend lines on the chart and on the indicator. After that we can notice a nice divergence at the support zone, which indicates that the price should go upwards.
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In technical view its create hidden bullish divergence!
Sys/btc just broke gaint falling wedgeSys/btc
Was in the downtrend inside gaint falling wedge since 96 days
Today sys come with strong bullish green candel and just broke the falling wedge
If you are looking for buy then the best area
Will be after retest the trendline or horizontal support (previous accumulation zone) between
370-345 sat
the target will be around 580 sat or more
This is not financial advice
Trade at your own risk
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SYS/BTC (Test Previous Major Resistance?)💎Technical Analysis Summary💎
BINANCE: SYSBTC
-Syscoin is on a strong sell-off after the blow-off top
-Since there is no logical support built during is pop
-The price decline is expected fast too
-The important level need to be watching is at 380-340 range
-This was a previous key resistance area before the burst
-So there is a good chance we can expect a bounce reaction
-I recommend waiting for any Bullish sign if the price reaches this level
-This will increase the probability of a temporary relief rally
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SYS/BTC (Strong Weekly Pump)SYS/BTC
-the price rallied over 400% since last week
-such a parabolic move on the weekly chart
-currently, it has touched the strong resistance at 1800 sat
-got rejected but the game is not yet over
-assuming that is the temporary top
-the immediate support is located at 1200 sat range
-I do not recommend buying at current price market
-zoom in the daily and 4H time frame
-look for any potential reversal sign before entering a position
-there are a lot of coins waiting in the sideline
-please do not FOMO buy :)
SYSBTC the price is close to major support levelCrypto market is in decline stage due to fundamental reasons: new Antminer S15 and T15 and bankruptcy of Gigawatt (one of the most promising ICO mining farms)
We recommend to start accumulate SYS at the current level as the price touched Fib 1 global retracement level. Indicators are bullish and BTC seems to found the bottom. The targets in the signal are now active