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SANUSD

SAN Sell Setup. Aug 2018I was bullish on this an many other just two weeks ago, but BTC seems to have different plans for us. Maybe, just maybe ill be on the wrong side of it but am willing to try some shorts. My plan is to sell the top of this channel hopefully sometime in the next 10hrs, if it starts to break down from it ill take a sell too. The pitchfork is taken from a trend channel, it gives me the median and edges so I can set the fork. On the fork I have fibs so I know where supports are. Zoomed out look, targets can get alot better than the one on here if things go to shit.
SShort
by sykes
1
SAN/USD Could Extend The Sell-OffTimeframe: 240M Main Scenario: The rate could drop further after the failure to retest the first warning line (wl1) of the ascending pitchfork. Price has made a valid breakdown below a very strong support area, so, technically, it is expected to drop in the upcoming period. SAN/USD should move down if the Bitcoin will drop as well. Alternative Scenario: A a failure to reach the 0.7200 former low and a valid breakout above the 0.8350 will invalidate a further drop and will signal a potential upside movement. Entry/Stop Loss/ Take Profit: You can go short from below the former low, from 0.7612 level and you could place a Stop Loss at 0.8819. The Take Profit could be at 0.4877 level. Duration: 3-5 days Consolidation/Ratification level: You can drag the Stop Loss below the opening price if the rate will drop much below the 0.7200 psychological level. Warning Level: It is very important for the price to drop and close below the 0.7200 level to be able to drop further. A false breakdown or a failure to reach this level could invalidate the bearish scenario. Risk Management: Risk/Reward Ratio: 2.27
SShort
by Forex_Academy
SAN. Consolidation in the triangle and fallIn order for the SUN to start to grow as the ETP needs to break through the black trend line and strong price zone 1.15-1.20. This is the key zone for this coin. In the history it is visible, what were the volumes when this zone was punched by buyers or sellers. Looking at the current volumes, it is more likely that the SAN will break the triangle down and continue moving in the wedge. If I am wrong - then when breaking the price zone of 1.15-1.20 there should be high volumes and buyers should keep the zone test by sellers. So far the wide range of trading in the triangle.
S
by P_S_trade
Santiment with new chances?SAN has tried to break through the resistance at old ATH several times and failed. In dayly candles one can see an ascending triangle, what is a bullish technical sign. SAN has left the positive trend channel- so the long term trend is broken. bearish: SAN breaks through the lower line of the ascending triangle; next support would be the fib retracement 78.6% bullish: the couse breaks through the resistance line (old ATH), next aim would be fib retracement at 161.8% (7.24$) buy order above the mentioned resistance line stop order below fib retracement at 78.6% (3.64$)
S
by Luettis