Panjang
Syscoin Uptrend is Still Valid
Following the previous idea on Syscoin, it found the resistance near $1 psychological round number, and after hitting $0.98 high, the price went down sharply. SYS/USD broke below the ascending channel and found the support at the lower trendline of the extended ascending channel after rejecting $0.3 low. At the same time price rejected the 127.2% Fibonacci retracement level applied to the corrective wave up, after channel breakout. Anf finally, the uptrend trendline has been respected, while previous support at $0.34 hasn't been broken.
The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched.
50.0% Fibs ($0.63)
61.8% Fibs ($0.71)
76.4% Fibs ($0.80)
If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed.
The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched.
50.0% Fibs ($0.63)
61.8% Fibs ($0.71)
76.4% Fibs ($0.80)
If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed.
Nota
First and second targets reachedDagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.