Looking at the daily chart for SysCoin, which is now trending on Binance, we can see some bullish signals taking place.
Let's take a look at those and see what we can learn:
SYSBTC broke above EMA10 and EMA50, but is now facing resistance at EMA100 (blue line) which pushed its price back many times in the past since December.
This is the main resistance to break, followed by MA200, for a strong move up.
The RSI is really bullish and has broken above all recent resistance.
The MACD is having a bullish crossover.
And we have some strong green candles.
Expect bullish action from SysCoin soon.
Conditions for change: If SysCoin (SYSBTC) fails to break resistance and closes below 0.00001065, these signals would be invalidated and a new analysis is needed.
Note: This is not a piece of trade advice. My trades contain buy-in range, targets, stop loss, capital allocation and additional details.
Thanks a lot for reading.
Namaste.
Comment
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(1) Target hit @ 0.00001418.
SysCoin (SYSBTC) is moving and generating profits. Shared two days ago.
Enjoy.
Namaste.
Trade closed: target reached
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Showing really good strength. We are trading SysCoin (SYSBTC) long term.