Syscoin (SYS/BTC) + BTC/ETH/LTC Technical Analysis!
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Weekly
Looking at our trend timeframe we see price is currently bouncing off our 2000 support level. Price continuing to respect our descending wedge, momentum in favor of bears. Does SYS hold at our breakout support zone, or do we continue to drop towards our 1000 zone?
Daily
Shifting over to our pattern timeframe we see price formed another lower high at 2400, and once again at 2200. Stochastic RSI showing momentum is heading towards the downside. Will be waiting for a daily close above 2200 or a drop to 1400, before adding to any positions.
Conclusion
- Buy: After Daily Close Above 2200
- Sell: NO
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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