SYSBTC trade ideas
SYSCOIN MAJOR RUN....Time to recover? SYS/BTC H4Syscoin has just jumped out of no where! A little late to the party but better late than never. I actually purchased some SYS a while back and went up over 60% with its current price. I like how SYS had been performing & it actually made it into the top 100 on Coinmarketcap for a bit. I believe we now have to recover to the Highlighted support level.
I am Thinking about selling right now, & buying back in when we recover.
Any input on this project?
SysCoin (SYSBTC) Starts To Show Bullish SignalsLooking at the daily chart for SysCoin, which is now trending on Binance, we can see some bullish signals taking place.
Let's take a look at those and see what we can learn:
SYSBTC broke above EMA10 and EMA50, but is now facing resistance at EMA100 (blue line) which pushed its price back many times in the past since December.
This is the main resistance to break, followed by MA200, for a strong move up.
The RSI is really bullish and has broken above all recent resistance.
The MACD is having a bullish crossover.
And we have some strong green candles.
Expect bullish action from SysCoin soon.
Conditions for change: If SysCoin (SYSBTC) fails to break resistance and closes below 0.00001065, these signals would be invalidated and a new analysis is needed.
Note: This is not a piece of trade advice. My trades contain buy-in range, targets, stop loss, capital allocation and additional details.
Thanks a lot for reading.
Namaste.
BTC-SYS SysCoin- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2014 ( 8 / 10 )
Volume 24 H : 17 BTC ( 2 / 10 )
Available Markets* ( 6 / 10 )
Social Media Rate ( 6 / 10 )
Ranks ** 110 ( 6 / 10 )
Website ( 7 / 10 )
Type Token creation platform and the world's first decentralized marketplace
Overall ( 6 /10 )
First of all, Syscoin team is around for a long time. I talked with all Syscoin team a couple of times in person. Sebastian Schepis , Jagdeep Sidhu and Dan Wasyluk are legit and nice guys.
However, They dont control the market . So , I dont buy their coins blindly. Like almost all alt coins Syscoin doesnt do well in a bear market. I am not touching this coin right now. MA 50 - MA 100 parity is also negative!
My buy zone will be above the bullish trend-line with a stop loss order.
I will also start the accumulate this coin around 1000 satoshi if it drops. Around 40% down from this level.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points