Views on pending patterns

7 thg 3, 2021

Looks like there's some heavy buying as well as selling pressure around 725-760 sats. The .786 might hold but I see a retest at 600 as more likely unless the bull pennant that is taking shape comes to fruition; even then though, to reach beyond 900 with no retests would leave us with a very tired looking chart. Overall, I see plenty of growth here but the profit margins on eager longs might be left without much padding. Time your positions, set your stops, ????, profit.
I've charted 3 possible paths SAND might take along these micro-view patterns; more heavy emphasis was placed on maintaining continuity with more well-established trend lines.

7 thg 3, 2021

Ghi chú

I get that it's cheating by labeling multiple paths but I'm new here and just playing around with chart tools and posting. If you enjoyed, please leave a thumbs-up but if you hate it, help me learn from you!

8 thg 3, 2021

Ghi chú

Bull pennant came through despite lack of volume! Price is resting on top of ascending channel but still within two larger possible pennants.
787 Sats is previous ATH which could very well need to be tested but if price keeps pushing upward with momentum, the 1.618 extension is at 1182 Sats.