To all those who have been following my recent posts on TradingView or Steemit you will know I'm currently looking to buy Syscoin in a follow up from there release on September 12th.
All the technicals are explained in my previous post.
Since posting my analysis last week price has now formed a fully complete bullish 5-0 pattern with a C point just above 1.618.
This provides an excellent opportunity to get into the next move on Syscoin, my entry and exit levels are detailed below.
Entry: 5300
SL: 3900 (26% loss)
TP: 8300 (56% gain)
As always I am using a minimum 1:2 risk to reward ratio to ensure maximum profit whilst limiting losses.
Make sure you divide your capital wisely, diversify and do not use all of your trading capital on one trade :)
Click here to view my original post on TradingView.
Don't forget to upvote, resteem and follow me for in-depth market analysis and investing education.
Further update on Syscoin.
Bullish cypher pattern has formed around 5000 on the 1h chart providing additional confirmation for a move up over the next 7 days: https://www.tradingview.com/x/P4HNUZxJ/
Hey. I am with u. Entry 5600.
What do you think about Ark.. looks very nice..
Yeah it's looking good! I'll need to check it out, have you bought already? @psywalker
Jep. I bought it months ago at 6k satoshi ^^ sold it at 40k and bought again at 20k and sold at 110k... nice profits for me :))
now i am waiting for a correction... i hope i can do this one more time
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