Syscoin (SYS) – Oversold
Syscoin / US Dollar (calculated by TradingView) BINANCE:SYSUSD
On 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
