Here we have the chart for Syscoin (SYSBTC) fully mapped, please allow me a minute to share some of the details.
We have multiple channels, support, and resistance levels marked on this chart.
The light yellow area is where sideways consolidation can happen, prices going flat (blue arrow).
If 0.00000307 is broken, we can expect the bullish scenario to start to play out (green arrows).
If 0.00000268 is broken, we can expect the bearish scenario to start to take form (red arrows). Note, a bounce can always happen when the bearish scenario is activated because we are looking at a bullish chart in general.
The trend in general is bullish as we are seeing higher highs and higher lows.
The altcoins market is also growing and conquering resistance after resistance in a try to move higher.
Syscoin has huge potential long-term... Keep an eye on the chart.
It could trigger the bullish scenario.