SANDUSDT.1DBased on the market data provided, the SAND/USDT pair shows a bullish trend in the short term, as indicated by the Relative Strength Index (RSI) of 80.65 on the 4-hour chart and 73.08 on the 1-day chart, both of which are above the overbought level of 70. This suggests that the pair is currently overbought and could potentially face a price correction in the near future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day and 7-day charts are all positive, indicating a bullish momentum. The Bollinger Bands (Bb) on all three time frames are above the current price, which could suggest a potential upward movement.
The support levels are at 0.5567, 0.4980, and 0.4599 on the 4-hour chart, and 0.5141, 0.4541, and 0.3647 on the 1-day chart. If the price drops, these levels could serve as potential bounce-back points. On the other hand, the resistance levels are at 0.6174, 0.6274, and 0.6563 on the 4-hour chart, and 0.6221, 0.6791, and 0.7136 on the 1-day chart. These levels could be the target points for the price to break through in the coming period.
Despite the bullish indicators, it's important to note that the market is highly volatile and unpredictable. Therefore, it's crucial to use stop losses and take profits at appropriate levels to manage your risk.
Overall, it would be prudent to monitor the market closely and make decisions based on any changes in the trend. It's also essential to consider other factors, such as news events and overall market sentiment, when making trading decisions.
Sandusdtsignal
SAND/USDT Break out the Bullish pattern. Ready to continue UP ??💎 SAND is currently in the spotlight within the market, achieving a breakout from a bullish flag pattern. It is now approaching a local resistance point at $0.425. Should SAND successfully break through this resistance, it could pave the way for a continued ascent towards a stronger resistance area.
💎 However, if SAND struggles to surpass this resistance, it may face a downturn, leading to a retesting phase at the demand zone between $0.4 and $0.41.
💎 In this demand area, it's crucial for SAND to exhibit a strong bounce. Failure to do so could result in the loss of this zone. If such a scenario unfolds, SAND could then be heading towards a test at the support level around $0.357.
💎 A particularly concerning situation would arise if SAND also breaks down from this support level, which could lead to a continued downward trajectory towards a more substantial demand area.
SAND target 0.564h time frame
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SAND is creating a potential bottom head and shoulders, the right shoulder hasn't been formed yet. Currently, 0.37 achieve the condition of HS, but shall notice another possibility that SAND go back to 0.35 to make the low of right shoulder.
I will provide another trading plan if SAND reach 0.35, and now we can follow this plan which targets as below.
TP: 0.56 / 0.66
SL: 0.381
SAND/USDT Bullish Momentum ??? Break the resistance or Reject?💎 SAND has undoubtedly captured our attention, achieving a breakout from the Symmetrical Triangle pattern with a notable ascent. Currently, SAND is at a pivotal juncture, facing a resistance zone that needs to be overcome to maintain its upward trajectory. However, SAND has not yet initiated a downward movement for a retesting phase.
💎 For optimal entry points, we can await confirmation by observing either a breakout from the resistance zone or a pullback to the demand area. If SAND manages to breach the resistance promptly, it's likely to proceed smoothly towards its next targets, the supply zone, and the bearish OB region.
💎 Should SAND face another rejection at the resistance, it might enter a retesting phase at the demand zone. In such a case, SAND would require a definitive bounce to continue its attempts to shatter the resistance barrier.
💎 Failure to do so could result in SAND relinquishing its hold on the demand zone, indicating a potential false breakout and initiating a downward momentum. Consequently, SAND might seek support, potentially testing the resilience of a significant support area below.
SANDUSD Daily: 25/03/2023: First long then short!!!
You can see all the details on the chart.
Please pay attention, we need low-timeframe confirmation.
It's not investment advice, so do your own research!!!
If you have questions, feel free to ask!
💡Wait for the update!
🗓️25/03/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
SANDUSDT Analysis (potential Inverse H&S)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower(i bought by 0.63 and place buy limit order at 0.52)
Target: 0.9 - 1.2 and ~1.4
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward:
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SANDUSDT Analysis (potential Inverse H&S)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 1.2 and ~1.4
after first target reached move ur stop to breakeven
Stop: ~0.715 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SANDUSDT - Descending Broadening wedge pattern!SANDUSDT (1D Chart) Technical analysis
SANDUSDT (1D Chart) Currently trading at $0.893
Buy level: Above $0.88
Stop loss: Below $0.65
TP1:$1
TP2: $1.4
TP3: $2
TP4: $2.5
Max Leverage 2x
Always keep Stop loss
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SANDUSDT - Descending Broadening Wedge Pattern!SANDUSDT (4h Chart) Technical analysis
SANDUSDT (4h Chart) Currently trading at $0.947
Buy level: Buy after Breakout
Stop loss: Below $0.844
Target 1: $0.985
Target 2: $1
Target 3: $1.2
Target 4: $1.4
Max Leverage 3x
Always keep Stop loss
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SANDUSDT 1h Retest TradingWe always have to trade on grounds.
There are two points of view from the current position: retesting and descending in the sky blue upward trend line and retesting and descending in the red downward trend line.
The upward view is to test the sky blue upward trend after breaking through the red downward trend.
We can implement a response strategy at the test point.
#SAND/USDT TRADE SETUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
SAND also looks bullish here. Long some here and add more up to $1.44
Remember to get in partially don't buy at once. It's important to keep your entry as low as possible. The best way is to buy in parts which will eventually average your entries.
Target:- 20% to 30%
SL:- $1.38
Lev:- 10x
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you