SYS consolidating on top of old resistance, could move higher.
SYS/BTC is currently consolidating on top of old resistance around 300-310, and is currently testing this descending resistance line that has held the price down since July 17th. As price enters the apex of this pennant/wedge formation, we could see SYS break to the upside for a potential 7-12% move, if not higher up toward that 4-hour 200 MA in Red. We also have the 4-hour 50 MA (in green) right in that support box as well adding an extra layer of support confluence. Higher risk given the current market environment.
MA Guide (All 4-hour for this post.)
50 MA in Green.
200 MA in Red.
Entry: 305-312.
Target 1: 335.
Target 2: 345.
Target 3: 4-hour 200 MA.
SL: 295-297 (below the green support box and below the 4-hour 50 MA.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
MA Guide (All 4-hour for this post.)
50 MA in Green.
200 MA in Red.
Entry: 305-312.
Target 1: 335.
Target 2: 345.
Target 3: 4-hour 200 MA.
SL: 295-297 (below the green support box and below the 4-hour 50 MA.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
Comment:
Target 1 at 335 has been hit:
Comment:
Consolidating under resistance:
Comment:
Target 2 at 345 has been hit. Thanks for playing:
Trade closed: target reached:
Closing as this trade has hit my first 2 targets and came very close to my third target.