funny lines say syscoin 2 dollarsSYS is one of the oldest coins in the world and the chart is definitely one of the most messed up. Nevertheless at ETF we can reasonably expect a push to 2 dollars per SYS this cycle.
SYSUSD trade ideas
SYS USD long term bullish trend establishedAfter a tough bear market during which SYS went sub 10 cents, it has performed a recovery from the deviation at the bottom and has now switched bullish long-term
SYS USD Syscoin massive triangle breakoutAnalyzing Syscoin (SYS) to USD at a high time frame, one of the notable patterns that emerges is a massive symmetrical triangle formation. This pattern indicates a period of consolidation where the price action oscillates between two converging trendlines, one sloping downward from the highs and another sloping upward from the lows.
Potential Price Target:
Measurement: The potential move post-breakout can be estimated by measuring the widest part of the triangle (the base) and projecting that distance from the breakout point. If Syscoin breaks out upwards from a triangle that had a base of, say, $0.10, from a breakout point at $1.20, the target would be approximately $1.30 ($1.20 + $0.10).
Time Frame: Given the long-term nature of this triangle, the breakout might imply a significant trend continuation or reversal. The longer the pattern takes to form, the more significant the breakout is likely to be.
Current Context:
At the time of this analysis, posts from X suggest an anticipation of a breakout towards a resistance level at $1.35 from a descending wedge reversal, which could align with the dynamics of a symmetrical triangle if we extend our timeframe. However, these are user interpretations and should be taken with caution as market sentiments can change.
Conclusion:
The massive triangle pattern in Syscoin's price chart against USD at a high time frame presents a significant opportunity for traders. The key is patience for a confirmed breakout, watching volume for confirmation, and setting appropriate targets based on technical measurements. However, as with all technical patterns, traders should be prepared for the possibility of a false breakout and use additional indicators for confirmation.
SYSCOIN: Don't Miss It ! Trading Plan🎯Hi Traders, Investors and Speculators of the Chart📈📉
Syscoin is an altcoin with massive upside potential and currently trading in it's ideal accumulation zone (bargain!). The ideal accumulation zone for any coin is between the 0 and 0.236 Fibonacci Retracement from the ATH down to the lowest low after that. In this video, I take a look at :
📈 Technical Indicators Bollinger Bands together with Phoenix Ascending, targets for near term
📈 Fractal, previous price action on this support zone
📈 Targets with Fibonacci Retracement
📈 Trend lines - Immediate resistance zone
📈 Targets with Wykoff Method
I took a look at sysbtc but forgot to add the SYSBTC chart in the video. It's very bullish for the immediate term - meaning that SYSUSDT could gain some ground on BTC and increase independently.
What are your thoughts on this?
Check out a possible long entry position for Solana:
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SYSUSD Analysis January 21, 2023We are Bullish on Syscoin, SYS , since January 13, 2023. We are down 91% since the Bear Market started in November of 2021 and saved over 79% since the technical analysis in April, 2022.
The Daily Downtrend Lines were broken to the upside over the weekend, ($0.100) and ($0.120), with ($0.122) becoming a very strong Support Area.
This might be an opportunity to stack up on some SYS at what may be the end of the Bear Market...? Take some profits on the way up.
Not Financial Advice...Trade with Confidence and Control.
Syscoin with a giant cup and handle - Taregt $15I have been into this Dinasour since it started and love it. Now their work with NFT etc will make this huge. Big cup and handle, hit resistance from 2017 got a retrace to support and now I think $15 is next.
SYSCOIN is not bullish. More down move at horizonToday I was looking at some volume monitor bots and noticed big buy orders for SYScoin and decided to have a look at it, oh boy we're anything but bullish on this one.
I expect it to find its bottom at around $0.0038 range, so stay away from this shitcoin lads.
systight invalidation, very much depending on BTC/legacy markets nuking. will DCA if we come lower into the OB
Syscoin (SYS) - OversoldOn the above daily chart price action has corrected 70% since the year began. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal has printed.
2) Price action trend reversal. Higher highs and higher lows have replaced lower lows and lower highs.
3) Price action prints last higher low on golden ratio. Excellent.
4) RSI resistance breakout + higher high.
5) The Bitcoin pair for this token is incredibly bullish, linked below.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
Good luck!
Ww
Syscoin (SYS) to 20 centsJust a quick one.. on the above 10-day chart a ‘great sell’ is printed. Expect a 70% correction in the following weeks.
WW
Syscoin bullish $30 long term (4000%) Good day
We are looking at the 1 day chart of sys/usd.
As we can see, two cup and handles shapes have formed, meaning a bullish signal.
Fundamentals:
"Syscoin Platform is a full Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology to support cutting-edge applications all in one network. The project's goal is to build a protocol that transforms the blockchain experience and combines the best of Bitcoin and Ethereum. Through Bitcoin merge-mining, Syscoin transforms Bitcoin's Proof-of-Work security and decentralization into a functional and scalable solution"
coinmarketcap.com
"The best of Bitcoin and Ethereum" now that sounds like a strong marketing/propoganda message people will be interested in to gamble on.
Current market cap: 0.5B.
Think about what people will do and what people will do when they know you are thinking about what they will do, so on en sofort ..
Not your financial advisor.
Leave a comment below and have a good day
#Syscoin #SYS - MA Ribbon flipped bullish#Syscoin #SYS - MA Ribbon flipped bullish.
RSI resistance to consider - may reduce the growth potential.
But the RSI levels when buy signal of Ribbon indicator occurs are very interesting IMO.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
SYSUSD Analysis March 30, 2022We've become fully Bullish again on Syscoin, SYS after the Daily Downtrend was broken and two BUY signals fired last week (Buy 4 and MOON) with a UMAC "Cross" signal hopefully on today's close. We placed a 20% BUY after breaking the Downtrend Line and a 50% BUY with the BUY signals. ANKR is a new partnership and LUXY launching on SYS in April, 2022. Not Financial Advice...Trade with Confidence and Control.
SYSUSD Analysis Feb 22, 2022We are still Bearish on Syscoin, SYS . Three (3) SELL signals saved us over 40% of our profits. Still below the Daily Down Trend Line but above the Weekly Up Trend Line. The Horizontal Resistance Line at ($0.38) will be a key area to look out for. We will wait and see if Syscoin dips down to that Horizontal Resistance at ($0.38), see if we get some BUY signals, and gobble up some more SYS.
SYSUSD Analysis 272022We are short term Bearish on Syscoin, SYS . Three SELL signals is a sign of Bearish price movement. The Horizontal Support Line at ($0.97) has been broken and the Daily Up Trend Line as well. We made some profit since August (500%)! We will wait and see if Syscoin can get back above that Horizontal Resistance and some Signals from the Engineer until we become Bullish again.
SYS Coin prediction if BTC goes downIf BTC finally hits 30K SYS Coin could go down to 60 cents where we find a strong buying area.
SYSCOIN Strong support at previous top , now only upThis is a important level for SYSCOIN
Only up from here don't miss it
Possible 10x
multi-year cup and handle on log chart for syscoinTLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 $DOGE.
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Imminent releases: December - NEVM launched -- full smart contract functionality covered by Bitcoin PoW security
Upcoming releases: Q1 2022 - zkRollups launched -- full native Layer1 scalability on-chain.
Upcoming listings: Syscoin has been added to the Asset Hub on Coinbase.
SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH .
Monthly chart is closing on 30 November and is on track to close at the highest level since Q1 2017 when Syscoin made a 100x run in 9 months.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes.
However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020.
Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
SYSCOINSyscoin in on the precipice of a mega breakout with it's Bitcoin secured smartcontract platform due to release in early Dec. Zkrollups will see this project become a beast in early 2022 with 200k TPS and super cheap fees.
