The same EMA200 level we just looked at on the IOTXBTC chart (visit my profile), has been activated here on the Syscoin (SYSBTC) chart.
The green rectangle is the "buy zone". Remember to have a plan if you decide to trade.
Conditions for change
If prices break below EMA200/EMA100, we still remain bullish but a retrace will take place.
The team pushed hard through the multi year bear market.,now has a proven scalable platform. Trustless Bridge to Eth. Binance partnership. BUSD moving to sys chain. MATIC partnership to allow smart contact capabilities.
SYS INTO THE TOP 20
After a 600% rally, i`ve extended the Fibonacci Retracement tool to see the levels in which we expect a bounce, the most expected being the 0.618 level.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
See how to identify overbought charts with Bollinger bands indicator.
Bollinger bands consist of three lines that plotted in the chart. The line in the middle is usually a simple moving average configured for a period of 20, typically default for Tradingview.
The up and the low Bands are defined at two standard deviations away from the central...
-the price rallied over 400% since last week
-such a parabolic move on the weekly chart
-currently, it has touched the strong resistance at 1800 sat
-got rejected but the game is not yet over
-assuming that is the temporary top
-the immediate support is located at 1200 sat range
-I do not recommend buying at current price market
-zoom in the daily and 4H...