SYS ANALYSIS:
SYS peaked after reaching a high of 590+ sats. Since then, SYS has been on a strong retrace. I expect a possible further decline into the yellow box, which should hold as the next support level. The main entry zone that I am looking for is inside the zone of 280-320 sats. After this point, I do expect another attempt at the daily resistance giving the outlook profit targets of T1 at 390 and T2 at 424 sats. RSI has plenty of room to come down on the daily and volume is still declining. I dont see a reason to jump into a long yet, wait for further confirmation or a drop into the buy zone!
Possible Entires: 280-320 sats
SYS peaked after reaching a high of 590+ sats. Since then, SYS has been on a strong retrace. I expect a possible further decline into the yellow box, which should hold as the next support level. The main entry zone that I am looking for is inside the zone of 280-320 sats. After this point, I do expect another attempt at the daily resistance giving the outlook profit targets of T1 at 390 and T2 at 424 sats. RSI has plenty of room to come down on the daily and volume is still declining. I dont see a reason to jump into a long yet, wait for further confirmation or a drop into the buy zone!
Possible Entires: 280-320 sats