SAND/BTC Fifth target reached. Good for short ! The fifth target of SAND reached. Now it's in the top of the pitchfork channel. I think it's a good point to set short orders.
SANDBTC
SAND/BTC Falling Wedge PatternSAND has formed a falling wedge. We hope to breakout . . .
Short term and long term targets had been mentioned on the chart
SAND/BTC a good long opportunityHey guys welcome for a fresh crypto update
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As you can see in this chart Sand is trying to break out from the triangle.
RSI is oversold and indicating a bullish momentum
Blue line is 21EMA also acting as support
A good 20% profit potential trade
Thanks for reading...
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Thankyou...
SAND/BTC BREAK THE LINE a.k.a BREAKOUTBINANCE: SANDBTC
-SAND break line at 404 sat,
-hope this make trend reversal
entry 404 sat
hope can TP in 550
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this is Not Financial Advice
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upward movement for SANDchart is indicating an upward channel. trade prices on resistance. If we maintain the upward consolidation, we might see a parabolic move in a couple of days
SAND/BTC (Trading at Major Support Area)BINANCE: SANDBTC
-SAND retest previous support a 379 sat, a reaction bounce but rejected by trendline resistance
-The Bulls must defend the major support around 380 sat in the short term
-Falling wedges are reversal patterns most of the time
-SAND is showing some interest on the Buyers side as the price is back at the demand zone
-But until the pattern is broken to the upside, it can see go lower
-So I recommend to Buy the breakout confirmation or wait for a pullback
-If you are looking for an aggressive entry, please make sure you have a tight stop loss in place
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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SANDBTCHi fellow traders.
Since introducing SAND on Binance I wanted to publish my Idea on it's movements.
Its general movements is similar to SRMBTC and SRMUSD published before, e.g. here:
What I think is that since addition to Binance and having that crazy increase of its value it needed correction as it went through the correction process immediately after that. It finally got a good support from Ret-Fibo- 0.618 where it reversed the trend. Since then, it start trying reaching the last historical peak achieved the first day of addition to Binance.
Thus, the first big target for this SAND is reaching last historical peak and then trying to get pass it.
On the daily basis it is getting a support from 0.23, but we need the hourly movements to see what would be the best support lines to try that historical peak.
Looking at the hourly pattern you can see that 0.236 does not seems as that support line as there is a potential Bullish flag. Within this flag the next support line are RF-0.38 (support-1) or 0.5 (support2) If the flag formation complete and breaks the top of the channel then it will try RF-0.23 again and head for RF-0.0 the historical peak (target1), and possibly Fibo- 1.27 (target 2).
If you have not bought this CC, this means the entry points are either of the supports or when it breaks the flag (which is the less-risky ones). If your short traders then the early sell target (target 1) can provide 25-60% profit depending on entry points, and the second profit target would be 50-100%.
Note: Have a good risk management plan by having a good loss margin based on your entry point.
WHAT ABOUT LONG TERM THEN?
If the pattern manages to break the last historical peak then the next targets are:Target a (target 2 in the above statement=Fibo 1.27=60% profit from entry-1), then Fibo 1.6 (100% profit for entry 2), Fibo-2 (150%) and then 2.6 (200%).
SANDBTCWe see a zigzag pattern with a correction (wave B) and it can finish soon and I think SAND can bounce in the short term and gained a good profit!
