$SYS is not a trash coin. They have amazing working developers and projects. They are going to release block market in 5 days and after than this blockmaster, they will be releasing masternodes. Do you remember how STRAT gone %600 within stratis masternode release. Same thing is going to be happen. Take your ticket for SYS train before it touch moon.
Syscoin is one of the few coins that actually have a use case. Not only are these guys working on decentralized market places, but they will have fiat on ramps and other features such as anon in the works. Currently, Syscoin has a market cap of ~70million, but has extremely professional development. The devs have had a constant stream of no-hype features...
"With the Lightning Network, eventually atomic swaps between coins like bitcoin, litecoin, vertcoin, viacoin, and syscoin will become available. Atomic swaps eliminate the need for exchanges such as ShapeShift, allowing you to instantaneously swap across blockchains." btcmanager.com Your'e welcome. Lots of potential growth here.
Syscoin have some strong news tomorrow. Also it has formed a symmetrical triangle there and may go for a bull leg up. Resistances marked by redzones.
SYS is looking pretty good right now if you are looking to make an entry. Although there is a descending triangle which is usually bearish, the RSI shows oversold and the SMA has crossed over (at least for now) so those are some good signs. With WAVES, ANS and other high profile alts making nice gains, once people decide to take profit on those...i feel that SYS...
SYS , buy position and level resistance
Generally speaking, we are making higher highs here. If we continue to do so and get enough momentum to push over the 100 ma, we could see some big moves.
I have been watching the SYS chart and read several positive ideas here on the site recently, and it looks to me like there will be some fluctuations to take advantage of in the next days and week. Once the fluctuations are over we might see a big jump up a level. But until then we have the opportunity to make some cash as well. I expect SYS to fluctuate between...
Within the next few weeks, SYS will be testing new highs once the bullish pennant is broken upwards. TP1: 9600 sat. TP2: 13000 sat. TP3: 15000 sat. Questions and requests on Telegram. More info in my signature. Song for the ride www.youtube.com
SYS/BTC may retrace further to the trend line presenting an opportunity for entry. The ongoing trend is likely to continue with the 50% fib offering additional support. Look for entry below 0.00006
The history can and do repeat itself every time. Can we go to 15k now, thats the question...
Huge level of support at 0.00007000. A close below this level could pull back to 0.00006200. Watch for bounce off 7000 level as well. Strong volume can drive it back up to the 8000 range. Keep an eye on this one! Great straddle play.