The price of SYS/BTC has been oscilating between the 0.382 and 0.618 FIB levels since December after the clear upward trend that we witnessed back in November.
The price is also moving close the EMA(50), which an give an additional support. The RSI shows plenty of room for SYS to grow, and the MACD is close to a potential cross that could begin another bullish wave.
For this trade, i think it is a good strategy to accumulate at prices below the 0.5 FIB level. Although the wave up might end up not happening, if the price of SYS breaks 0.00006, I am inclined to see it going for the next resistances.
Buy and Accumulate: Below 0.00006, ideally close to 0.00005
Take profits:
@ 0.00007000
@ 0.00008251
@ 0.0001 for the more ambitious !
Stop-loss at 0.00003570
The price is also moving close the EMA(50), which an give an additional support. The RSI shows plenty of room for SYS to grow, and the MACD is close to a potential cross that could begin another bullish wave.
For this trade, i think it is a good strategy to accumulate at prices below the 0.5 FIB level. Although the wave up might end up not happening, if the price of SYS breaks 0.00006, I am inclined to see it going for the next resistances.
Buy and Accumulate: Below 0.00006, ideally close to 0.00005
Take profits:
@ 0.00007000
@ 0.00008251
@ 0.0001 for the more ambitious !
Stop-loss at 0.00003570