Syscoin (Bittrex: SYSUSD) has broken out of the triangle pattern in the monthly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, SYS began a red wave one advance in March 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in January 2022 and the red wave two (blue sub-waves a-b-c) correction ended in December 2022. If this wave count is correct, SYS should be heading next towards the January 2022 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Syscoin is a smart contract platform that supports a cutting-edge Web 3.0 ecosystem with ultra-low fees, decentralized Layer-1 security and Layer-2 scalability that provides for economies of scale via Rollups. CryptoWendyO reviewed the project one month ago.
(Sources: https://syscoin.org/)
How Will Syscoin Trade?
Syscoin (Bittrex: SYSUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
SYS will takeout the June 2022 peak
SYS will drop below the December 2022 low
SYS will stay in a trading range between the December 2022 low and the June 2022 peak until March 20