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SYSBNB

SYS/BTC (Test Previous Major Resistance?)💎Technical Analysis Summary💎 BINANCE: SYSBTC -Syscoin is on a strong sell-off after the blow-off top -Since there is no logical support built during is pop -The price decline is expected fast too -The important level need to be watching is at 380-340 range -This was a previous key resistance area before the burst -So there is a good chance we can expect a bounce reaction -I recommend waiting for any Bullish sign if the price reaches this level -This will increase the probability of a temporary relief rally `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
12
There is a possibility for the beginning of an uptrend in SYSBNBTechnical analysis: . SYSCOIN/BINANCECOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00786 to 0.00609). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00786) Ending of entry zone (0.00609) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.01140 TP2= @ 0.01440 TP3= @ 0.01970 TP4= @ 0.02390 TP5= @ 0.02820 TP6= @ 0.03420 TP7= @ 0.04190 TP8= Free
SLong
by ForecastCity
1