Let's analyze this sweetheart today. Sand is amazing, right? To go from under $1 to $8, this is really amazing. If you (like me) couldn't take advantage of this super high, maybe this is our chance!
Although Sand has been falling since November 25, the trend is still bullish if you look at the weekly chart. In fact, it is quite normal to fall after such a big high. I believe that Sand is just resting for a while, to continue rising later.
Looking at the daily chart, we can see that today's candle seems to be forming a Bullish Harami pattern, and this is a good buy signal! It is in the same region as before, which seems to be a support level (pink line). Below this area we have the yellow line, which was the lowest point in December 04, and almost the close on November 22, I think this could also be a resistance. It is in the same region as the 21 EMA as well, I like to use this for buy confirmation.
Because I believe in its potential, I would really buy Sand, this seems a nice and technical point to buy. It's such a good crypto, right? Sand has a huge potential, I really like cryptos like this, with good plans for the future. I know someone who bought sand for less than $0.27, just because he believed in its potential (he is really happy now hahahah). And he was right, sometimes you should buy even without confirmation, just because you believe in the project.
And that's it. Thanks a lot for reading my analysis! I hope you enjoyed it. 😊 Remember to support me with your like and subscription, I really enjoy writing these analises. 😄😉
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.