multi-year cup and handle on log chart for syscoin

2021년 12월 1일

TLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 DOGE.

Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to BNB (100b Market Cap), SOL (100b Market Cap), ADA (100b Market Cap) and ETH (500b market Cap). Market Cap of SSYS is 350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.

Imminent releases: December - NEVM launched -- full smart contract functionality covered by Bitcoin PoW security
Upcoming releases: Q1 2022 - zkRollups launched -- full native Layer1 scalability on-chain.
Upcoming listings: Syscoin has been added to the Asset Hub on Coinbase.

SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH .
Monthly chart is closing on 30 November and is on track to close at the highest level since Q1 2017 when Syscoin made a 100x run in 9 months.

Goldsworth. Org Technical Analysis ideas brought you DOGE at 14 Sats , LUNA at 10 cents, SOL at 3 dollars.