SysCoin has broken out of the daily channel.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe SysCoin is currently in the wave three in the weekly chart. The wave one started in January, and ended in March. The wave two correction finished on the December 2. If this wave count is correct, SysCoin should be heading next towards the March peak.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, SysCoin is most likely in the wave three. The wave one started in March 2015, and finished in May 2015. The wave two correction ended in January 2016.
(Chart courtesy of Tradingview.com)
In my alternative monthly chart SysCoin is already in the wave five.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long SysCoin.
If you think this analysis is correct, upvote this post and upvote the comment "SysCoin will takeout the September 6 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "SysCoin will drop below the December 2 low".
If you think SysCoin is in a range, upvote this post and upvote the comment "SysCoin will stay in a trading range between the December 2 low and the September 6 peak until January 5, 2017".
You can upvote the comment until 3 PM EST December 12 and you can upvote only one comment. 200% of Steem (2 X 0.043 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
