Syscoin Getting Close To Psychological ResistanceFollowing 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.
Sysusd
sysusd Bearish batI found a bearish bat here but not a super strong pattern. I have recently started my journey with crypto so I am more or less getting some practice in and seeing how the patterns translate
SYSUSD 30M Strong Buy SignalWe are maybe waiting for support and trend line touch. It could be strong BUY SIGNAL.
SYS USD BREAKOUTWe have a symetrical triangle formation on SYSUSD and might see a break out in SYS coins USD value by mid October reaching our price target by mid November.
