SAND / TetherUS
Long

SANDUSDT breaking 3-years descending wedge. 2200% max profit

178
Hi!

posting again after a long time. wanted to share this SAND/USD weekly chart, all time.
Big opportunity here:

  • 3 years long descending wedge
  • breakout with huge volume
  • retest of the wedge and bounce (current week)
  • RSI printing a higher low while price printing a double bottom
  • MACD cross


SAND is currently struggling with main weekly MAs.
At a price of 0.3590$ at the time of writing, we have some outstanding targets:

  • 1.00$ first big resistance (around 200% profit)
  • 2.50$ second main resistance (600%+ profit)
  • 8.00$ crazy target of the multi-year wedge (needs some months, in case we are looking at the previous ATH - 2200% profit).


Seems a solid investment for medium term. Also trading it is great, consider main MAs and listed targets as a reference.

Cheers,

And100

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