SYS is close to the bottom, high rewards with litte risk
SYS is looking pretty good right now if you are looking to make an entry. Although there is a descending triangle which is usually bearish, the RSI shows oversold and the SMA has crossed over (at least for now) so those are some good signs. With WAVES, ANS and other high profile alts making nice gains, once people decide to take profit on those...i feel that SYS will be one of those coins profits will go into.
SYS coin is still down more than 50% from its ATH of 9800 but very close from its recent trend bottom of 3100 (about 15% away). Its not one of those coins that will go 3-5x but theres no reason to think you wont be able to make good profits from it in the near future.
Support 1 - 3700 at FIB line
Support 2 - 3450
Bottom Level - 3060
Resistance 1 - 4935
Resistance 2 - 5500
If it breaks the descending triangle, expect a nice surge to at least 4700
SYS coin is still down more than 50% from its ATH of 9800 but very close from its recent trend bottom of 3100 (about 15% away). Its not one of those coins that will go 3-5x but theres no reason to think you wont be able to make good profits from it in the near future.
Support 1 - 3700 at FIB line
Support 2 - 3450
Bottom Level - 3060
Resistance 1 - 4935
Resistance 2 - 5500
If it breaks the descending triangle, expect a nice surge to at least 4700
Comment:
4 red candles in a row is never fun, but if you got in around the 4000/4100 mark youre still in good shape. Im waiting to see how it reacts at the 3700 line and what happens from there, it btc price goes up like it did several days ago then almost all the alts would go up a bit. Like always, play the market accordingly and have stop losses in play