The low for Syscoin (SYSBTC) was hit back in August 2019.
Many altcoins that are now growing strong hit new lows, a sign of weakness yet, these are making huge jumps.
Now, SYSBTC continues with higher lowers for years, signaling that its bullish move might be stronger than these other altcoins (you can find them by visiting my profile).
As for the chart, we...
SYS looks pumpy and if you've followed my ideas you've seen its weekly. SYS is so so ready to pop, hard. The signal is incoming volume and we have it. Let's see if price pierces that cloud and pushes through. If the volume holds... up we go
SYS is in a fairly strong uptrend and is correcting to 450sts, which is a reliable support zone that we can buy here and wait for SYS to break the 600sts to strongly increase to the 800sts, 900sts and so on 1100sts
02 December, SYS will have some announcement that I think it will be a positive sign.
But if it closes a 1D candle below 425sts, that would be a...
SYS is a coin with very strong volatility and pumps are often unstable, but during this rally, SYS has strong 1D candles and closes very high. So we can see that the money is flowing into SYS very strongly.
-Buy close to 275-300sts. Stoploss if B
-Buy more: 375-400sts if A. Stoploss if B
-Sell: 425-450sts. Stoploss if A
Was in the downtrend inside gaint falling wedge since 96 days
Today sys come with strong bullish green candel and just broke the falling wedge
If you are looking for buy then the best area
Will be after retest the trendline or horizontal support (previous accumulation zone) between
the target will be around 580 sat or more
This is not...
So, currently I keep eye on SYSBTC, that coin is is hype beast, it can easily release any news in 1-2 days time and price can easily pump.
I consider recent breakout from triangle as possible fake, though daily closed under 900. Take a look once at IRISBTC, it recently broke uptrend channel, but 1 good news pumped it ~90%.
That's mostly my personal opinion and...
So, basically SYSBTC is moving in triangle from last week, and possible scenario for me is breakout towards top, as it already broke white resistance line, the only thing left is to break from yellow triangle and expect rise till 1450.
Stop loss around 920 if it breaks from triangle. Good luck !