SAND PERSONAL ANALYSIS IN THE LONG TERM

9 thg 12, 2021

Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for SAND is bullish. The coin itself has a very healthy and stable audience, however the constant influx of overbought regions with no reasonable retracement can depict later on a massive correction if delayed too much as you can see in the chart that it has no reasonable support levels that have been visited after the pump cycles. The importance of a retracement is not by any means a representation of the lack of interest, but also an indication of people taking profits vs. those who hold which means that if a price lingers on a previous support (fibonacci level) and bounces, that would mean that the buyers (or previous sellers) are very interested in buying this coin AT THAT PRICE along with the bullish sentiment.

The chart can be easily invalidated depending on the bullish sentiment or future data, but based on how oversold it is right now, it is now overdue for a correction so please trade carefully as there will always be better long positions for this coin in the future.

15 thg 12, 2021

Giao dịch đang hoạt động

Due to the positive news of FED today, the move to the upside is more likely now than approaching the 3$ range however the resistance near the 5.6$ is still a major resistance until proven otherwise. Happy Longs Everyone!