SYSBTC trade ideas
SYSBTC in a search of a good entry pointAt 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 zone. However volume of trade is too low and there are no sufficient fundamentals to break out of the triangle earlier.
We recommend to carefully watch this coin, as in the short term it has opportunities to change the trend. Signals will be provided once the best entry moment will be found
SYSBTC BUY OPPORTUNITYThere 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:
CUP Formation
Ascending Triangle
Bearish Channel
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
SYS Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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SYS - LONG - TENKAN CROSSSysCoin looking good on the 1d chart, with a 1d Tenkan cross and the price currently resting on top of the Tenkan, this graph just looks like it could go crazy at any moment now. Sys has gone through a deep fall since July with no signs of recovery until now.
Entries: below 0.00001500
Target 1: 0.00001619
Target 2: 0.00001753
Target 3: 0.00001990
Stop Loss: 0.00001370
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SYS targets for 7-22% profitTogether with all alts SYS has started its own uptrend. Now we are standing on 1700 support but looks a bit overbought which may result in falling back to 1630 (mostly depending on BTC). If not next targets will be 1820, 1970 and 2080 (7%, 15% and 22% respectively). Each target is potential support. Watch it closely as once it breaks the coin will fall back to previous resistance level.
Check out the daily chart for SR zones.
Good luck with your trades - trade on your own risk. I'm just practicing TA.
The only altcoin worth 96 Bitcoins :) Yes, the controversial SYS is back in uptrend. This is the same coin which spike up to 96 BTC per coin (of course that was some shady price action because of a system exploit).
Then it tanked back to 0.00002 immediately (which is to be expected) But the fact is that many bought that coin on higher prices and still holding, gives it chance to pickup pace again.
Hopefully Elliott waves will be on our side. And momentum indicator (4 hr) is also showing positive momentum shift after a long time.
There is a huge possibility of getting up to 0.000024 or even up to 0.00003. which is a whooping 10% + gain
Its a good investment for next few days.
My play would be to buy and hold for 3 to 5 % gains.
Place stop loss at 0.00002 or if you are more worried watch for a breakout below 55EMA.
Don't panic in spikes because this is a small coin and a victim of pump and dump.
Keep an eye on BTC , any altcoin analysis is done assuming no sudden extreme BTC movements.
Happy Hunting.
Note:- This is not a financial advise.