🆓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
SYSUSDT trade ideas
Syscoin respects technical!Syscoin defiantly stands out as an asset that has created a 'strong base'.
It response well to certain technical indicators and seems to respects tradition TA theory.
One such theory is that of the OB and Breaker Block concepts.
Outlined on the chart are OB's, Source OB's and Breakers on the Daily time frame.
BINANCE:SYSUSDT
$SYS - SYSCOIN approaches key resistance$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.
SYSSYSCOIN is difficult to read. Previous time SYS had similar metrics, it went down ~20%.
I am trying to see order in chaos, hence all the lines.
Dashed Yellow lines = Downtrend limits I took from a 4H chart
White and Dashed Green lines = Long term Uptrend channels from 21H chart
And a couple Support and Resistance channels.
I want to see how SYS reacts to these limits in the next day or two, hopefully validating my method as it progresses.
Just as a hypothetical target, I think I'll see SYS reach 0.48
Maybe after that, it'll try to regain former glory days.
P.S. Let me know if you have a chart you'd like me to have a look at.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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