Syscoin retraced a lot recently and bounced from the blue box and shows strength and might be one of altcoins which go up no matter what btc is doing.
It just broke out of the downtrend and currently correcting this with growing volume.
I'm expecting some more downside and maybe a retetst of the trendline where I will decide to buy or not.
Syscoin has some good developments coming, also masternodes coming in November which all might lead to a nice move up towards previous high.
Trading advise: wait for completion of current, looks like its forming an ABC correction. If it gets towards trendline, try to buy when it shows strong bullish priceaction
It just broke out of the downtrend and currently correcting this with growing volume.
I'm expecting some more downside and maybe a retetst of the trendline where I will decide to buy or not.
Syscoin has some good developments coming, also masternodes coming in November which all might lead to a nice move up towards previous high.
Trading advise: wait for completion of current, looks like its forming an ABC correction. If it gets towards trendline, try to buy when it shows strong bullish priceaction
Note
Trade active from 3.2k sat, looks very promisingNote
A bit deeper retrace as expected but nice chance to add more to my position. Perfect bounce after hitting the blue box,l followed by a breakout. Looks very promising to me!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.