Syscoin (SYSBTC) seems to be reaching a low after printing a strong bullish candlestick pattern.
Back in mid-May a low was hit and SYSBTC bounced and tried to break above EMA50 without luck. After this low was hit EMA5 and EMA10 were easily broken but there was no volume to support this break, this can be easily seen on the chart above.
We take a look now at the inverted hammer on the 18-June, we can see massive volume while again EMA50 rejected the growth.
Now, on the 27-June, we see another attempt to break above EMA5 and EMA10 (today), but this time we have significant volume (high volume/above average) and the MACD and RSI trending towards the bulls.
Great potential here... Keep an eye out on this altcoin pair.
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This is Alan Masters.
YES! ALWAYS PRESENT, STAY POSITIVE
Changing mood is normal, it is good… It is wise to express and accept what we feel.
In certain situations, you can or have to choose between fight or love.
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