Trade instructions Syscoin (SYSBTC)
Found the chart:
- The yellow square (our support / demand zone) goes back to early 2016. So this is a very, very strong support for Syscoin, we move up from here.
- Volume is yet to build up, action yet to start but the correction is evident on the chart; all gains were removed.
- We ...
These days Bitcoin tried to touch its bottom line and after that bounced off the support zone and went up. So did Syscoin. Let's see it from the technical prospective. According to the 3 hours chart, the support zone is above the level of 800 satoshi. While resistance one is at 1446. Elliott triple combo wave predict that the asset is supposed to reach its ...
At the 3-hours timeframe we can see a formed triangle and a subsequent upward movement in a pattern of a Bullish Flag. Nevertheless fluctuations are too low to make a good profit and the market is too risky right now.
Currently indicators are bearish nevertheless Impulsive growth can bring the price to the top of the triangle and form a Flag in a Ichimoku clouds ...
There are two ways to trade this coin either to place a buy from the given BUY zone or wait for the breakout of the Ascending triangle to buy the pull back.
Pattern detected are:
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL ...
Crypto market is in decline stage due to fundamental reasons: new Antminer S15 and T15 and bankruptcy of Gigawatt (one of the most promising ICO mining farms)
We recommend to start accumulate SYS at the current level as the price touched Fib 1 global retracement level. Indicators are bullish and BTC seems to found the bottom. The targets in the signal are now active
Although many trades could be taken based on the underlying math of ‘The Calculator’, my own (conservative) trading rules say that it’s NOT about the quantity of trades. It’s about the QUALITY of the trade. I call it ‘predictable probability’.
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