SYS just completed a 5-3 pattern, and upon completing the ABC correction it broke through the resistance. Based on Fib levels, trendiness and extrapolating the set of impulse Elliot waves I have constructed three potential targets. Let me know if it's bullshit.
SYS is performing an Elliot ave cycle, and just begins the 5th wave
The previous waves are exact Fib levels
- 4.236 from 2 to 3
- rebound on 0.382 from 3 to 4
Entry : 0.000038
TP1 : 0.00041
TP2 : 0.00046
SL : 0.00036
Trade at you own risks
What do you guys think of SYS? Looks like it bottoms out on the 0 fib and has just passed the .236. With no other support levels in the way it should have a high probability of reaching the .618 fib.
Wait for confirmation & do what you feel is safe.
Top yellow line: Resistance Lines
Bottom yellow line: Support Lines
Binance exchange may list Syscoin soon
Happy Trading!
The daily chart shows that the upward movement was corrected and kept in the support area at 0.003850.
We also formed a triangle on 4 hours, if we hit the triangle up, the price goes to the first target at 0.0000541, then a small rollback and a continuation of the movement to goal 2 at 0.00006550 is possible.
Prepare a purchase order and wait for a breakout.
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S-RoC Indicators shows divergence and we can obviously see that price is going to break triangle. If BTCUSDT doesn't fall and keeps it's price constantly increasing we may see SYSBTC on 0.000046 again. So, place your buy orders now or on 0.000038 and stop-loss on 0.000036. Good luck )
