SYS holds potential for explosive parabolic gain

I have been watching SYS for nearly a year, assessing its technicals and fundamentals. The iron is hot.

Chart shows many chances for notable gains provided to traders through 2017. For long term investors, it has been, and continues to be a lucrative hold. Current technicals and fundamentals look positive.

Technicals

• The red resistance line established through 2017 has been broken as of late December
  
• A convergence of support exists at current level
  
• Marked increase in volume average
  
• When BTC began its new rise early October, SYS demonstrated resilience beyond many other cryptos (but of course continued to display its own kind of inherent volatility). It finally gave-in a bit in early December during BTC's parabolic move, but not for long at all. It began a reversal ~Dec 14th which broke long term resistance.
  

Target: 22k sats



Fundamentals
Syscoin project has been in existence since 2014, has a well-established development team. Their product is functioning, and is updated and expanded regularly. They have a good history of delivering on their roadmap, including the first functioning decentralized marketplace entirely on blockchain.

Upcoming deliverables include:

• Masternodes: Ability for transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k/3k masternodes, etc). Return on investment is promising. In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility during sideways times as holding will be incentivized.
  
• Blockmarket Web: This brings their existing decentralized marketplace to the web, enabling ease of use without downloading a wallet or waiting for sync.
  
• Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in near future which will further compound the degree of anonymity provided.
  
• Integrated crypto exchange utilizing Flypme and Changelly (Exchange back and forth between 20+ cryptos, including SYS, directly within wallet)
  
• Instant Send: Send and receive transactions instantly. Similar sending capability as DASH, but a step beyond: A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.
  
• Rebranding currently underway, and the promise of a significant marketing campaign to be launched leading up to Core 2 release.
  
• Over 1 million SKUs to be added to Blockmarket through their Merchant Pilot Program (NDAs in place as to who these merchants are).
  
• Ethereum Virtual Machine: Will run ethereum contracts much cheaper and faster at a fraction of the Ethereum gas price.
  
• Syscoin's parent company, Blockchain Foundry, plans to soon go public as an IPO on a Canadian stock exchange. The company objective is to promote full use of Syscoin as a DApp platform by providing blockchain solutions to businesses, organizations and institutions. As such, the Syscoin team tends to avoid hype or other questionable activity common in this market, because they must pass a certain level of scrutiny to be accepted on a Canadian stock exchange.
  
  I could actually add more points to the fundamentals, but I'm tired.... anyway, the fundamentals are good as you can see.
  

Enjoy, and trade/invest responsibly! You are responsible for your own trading decisions!

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A bounce on the big green trampoline

Comment:

Trade active:

Bounced hard. We're once again past the red resistance which has already been pierced multiple times recently. Expecting red to become support very soon, and higher moves.

Comment:

The movement we see on the chart from mid-Dec to now is definitely uncharacteristic of the past year. Before now, when SYS began a drop from a high, it went straight into a steep sell-off (with slight interruptions). That no longer appears to be the case. That's further confirmation to me that SYS has entered a new cycle. This uptrend appears to be wide, accompanied by this hard bounce the past couple of days. All indications point to new ATH in terms of BTC and USD, and soon.

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Nested inverse head & shoulders appears nearly complete. The internal pattern is a bit less symmetric than the larger pattern containing it.

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Well, we've broken the neckline! :)
I think I might have even spotted a bullish gartley toward the end of that nested pattern... I didn't measure the symmetry and chose against posting it.

Here's one of the best recent reads I've come across recently on the Syscoin project. Author managed to cover the project very well, which is impressive considering the project's depth and broad scope.
medium.com/@StevenVo...or-long-96814ac66b08

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Do you see what I see?

Comment:

I know the symmetry of that cup & handle might not be *perfect*... However, due to the massiveness of the pattern (stretching from September 11 2017 all the way to now), and being fairly close to symmetry, I deem it worthy of showing.

Comment:

And some say TA is meaningless... These lines were in place in my working chart days ago.