Looking back on my last SYS chart, I said that I would be bearish unless the 4H closed above approx 0.00004900. AS you can see indicated by the RED arrow, we closed just above this. Closing above here broke the common downtrend seen thought sys in the past weeks and months and we broke out. We may still have some momentum to get past the falling wedge and if we do I see us flying towards ATH. This is one to be on the lookout for. Buy the breakout above yellow rectangle seen on chart. As always DYOR but this one looks good to me. Let me know what you guys think thank you!
Comment:
Damn, major resistance at falling wedge doesnt look like we will be breaking out quite yet.If you open up the chart you can see where my line stopped the run dead in its tracks. Looking at a 30 min time frame we might be looking for a restest but im not sure yettttt. As I like to say, buy the breakout.