Syscoin (SYS) Could Target a Lower Low

in #syscoin4 years ago

SUMMARY

The breakout or rally that is expected throughout Cryptosphere given the similarity of pattern, MACD and Elliott Waves could provide nice returns through June. However, I expect another sizable (50%?) correction come July/early August. So, take your profits when they are staring at your eyeballs!

The below chart of Syscoin is pretty complex in its correction. The earlier Cup & Handle pattern playedout but given the current labelings of the correction as wxyxz (blue), a lower low is expected.

The subwaves of the blue Z wave shows the red abc. The B wave could enable the rise towards June, potentially and the subsequent drop towards a lowere low of c of Z could be the correction.

Meanwhile, the whole correction could fit into a larger symmetrical triangle pattern of consolidation at a higher degree of trend:

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Thank you for disclosing your analysis. It helps us a lot.

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good prediction ^^

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