Syscoin (SYS) - Oversold

On the above daily chart price action has corrected 70% since the year began. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal has printed.

2) Price action trend reversal. Higher highs and higher lows have replaced lower lows and lower highs.

3) Price action prints last higher low on golden ratio. Excellent.

4) RSI resistance breakout + higher high.

5) The Bitcoin pair for this token is incredibly bullish, linked below.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

Good luck!


Trade active:
This has surely got to be a solid long moment, price action bounces off both 200-week EMA and SMA.

Will cancel idea if both of those become resistance.


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Allow 3-6 months on ideas. Not investment advice. DYOR

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