Syscoin Getting Close To Psychological Resistance

Dec 25, 2017

Following the previous idea on Syscoin, it broke above the upside target and continued to move higher. The question remains how fart it could potentially go?

Clearly there is a massive support at $0.33 level where previously was a resistance. This is also the price where the uptrend trendline was rejected, and price got extremely close to the 200 Moving Average, but without touching it went up again.

Closest support is now at $0.68 and from there SYS/USD should continue rising. The first very strong resistance is at $0.9 and it could potentially go to $1 psychological level. If it manages to break above the $1 then another 50% rise could be on its' way, where Syscoin target is seen at $1.47. Only a break and close below the $0.33 support could invalidate bullish outlook.

Dec 27, 2017

Note

First target reached

Dec 28, 2017

Note

Now at the support and should be jumping higher very soon

Dec 29, 2017

Note

watch for the resistance breakout

Jan 3, 2018

Note

At the moment looks like Syscoin will move up towards the second target

Jan 14, 2018

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Syscoin finally broke the resistance, lets go up

Jan 18, 2018

Note

Trendline rejected

Feb 13, 2018

Trade closed: target reached

First target reached and then corrected back to support, i'd expect a continuation of an uptrend from this point