This is a long idea for SYS AltcoinAfter the recent breakout, it seems to head higher due to rebranding in December and positive momentum. As you can see on the RSI there is support around 50, which got tested and not broken.
SYSBTC trade ideas
Sys to Btc noob analysisDescending triangle on Sys Coin on 4 hour chart. Looks like it wants to break through soon. 2 Targets based on past resistance levels.
This is not financial advice, trade at your own risk.
SYS Next TargetSYS is playing quite well with fib trend line support(Dark blue line).Just getting an intuitive feeling of hitting target of 3166 (short) & hopefully 0.236 next.
SYS/BTC upcoming rebranding in december!SYS nearly support! With upcoming rebranding in December we might see soon another bull run again!
Syscoin looks promisingSyscoin looking good for a potential breakout. Once BTC dominance is down sub 55% or so, it should see a pump. TA is prime for a breakout.
Let me know if see anything different.
Daily Equilibrium Pattern + Potential Oversold BounceToday marks the 6th candle of the equilibrium pattern.
I bought a position at 2600 satoshis and looking to exit at 3000 satoshis.
Watch for a break of the support/resistance levels.
Expecting this pattern to break bullish since the RSI levels were so low recently.
Good luck everyone!
DISCLAIMER:
I'm relatively new at TA and I appreciate any and all feedback/comments/criticisms! Hope my insight helps someone out there :)
15min oversold bounceI just bought a position into SYS at 2750 bc i saw massive oversold conditions + if these 15min candles finish this is a pattern known as three white soldiers
DISCLAIMER:
I'm a noob trader and i just started 6 months ago and started learning TA 3 months ago. feedback/comments/criticsm much welcome :)
$SYS 1D candles$SYS is a great coin to be holding. Masternodes are coming in, project fundamentals are great. Attacking a giant market with basically no blockchain competitors. Huge volume as well.
I see two scenarios for it.
A) It will drop below 2 week upward support line and form a double bottom before pumping up to the target box. You can see a similar pattern right before previous pump (Double top, double bottom, then pump)
B) It will bounce off this support line in the next 1-2 days and break out with strong upward movement and within 1-2 weeks reach the target box (+70%)
Inside Bar Break + Ascending TriangleYesterday, Syscoin broke its 4x inside bars and ascending triangle upwards with its green candle.
It reached a peak of 3.8k satoshis and has pulled back a decent amount.
Despite the pullback, I believe there is still plenty of room for upside.
I have just bought a position at 3.4k satoshis and am looking to scale out my position at 4k -> 4.5k
DISCLAIMER:
I am relatively new at trading. I have been watching the market since the beginning of this year and started learning Technical Analysis about 3 months ago. Please feel free to give me any feedback or criticism! I appreciate any and all comments :D
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
SYSBTC possible breakoutSYSBTC forms a falling wedge pattern, with resistance at ~3000sats and some major resistance at 4k.
With buy volume building up, MACD crossed upwards, RSI in the middle of the channel looking up, and Bollinger tightening, we are looking at a possible breakout, keeping in mind the BTC volatility.
One other thing to remember is that SYS masternodes are coming on 15th of November.
