SANDUSDT: Weekly Update and Trading Triggers
✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅Let's dive into today's analysis, focusing on the crypto market and the SAND project.
📅 Weekly Timeframe Analysis
On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels.
Support Zone: 0.2818
Resistance: 0.7864
RSI: 39.81 (Neutral to slightly bearish)
📆 Daily Timeframe Analysis
In the daily timeframe, the price action shows a more detailed structure within the weekly range.
Current Candle: Showing strength after a period of weakness
Resistance Levels: 0.4046, 0.4782
Support Levels: 0.3410, 0.2818
RSI: 47.44 (Neutral)
⏰ 4-Hour Timeframe Analysis
In the 4-hour timeframe, we see more granular details of the recent price movements.
Consolidation Range: 0.3436 - 0.2818
Bullish Scenario: Break above 0.3436 with strong volume
Bearish Scenario: Break below 0.2818
📈 Long Position Trigger
Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe.
📉 Short Position Trigger
Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe.
🔑 Key Support and Resistance Levels
Supports: 0.3410, 0.2818, 0.2433
Resistances: 0.3436, 0.4046, 0.4782, 0.7864
🌟 Weekly Settlement
Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend!
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
📅Let's dive into today's analysis, focusing on the crypto market and the SAND project.
📅 Weekly Timeframe Analysis
On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels.
Support Zone: 0.2818
Resistance: 0.7864
RSI: 39.81 (Neutral to slightly bearish)
📆 Daily Timeframe Analysis
In the daily timeframe, the price action shows a more detailed structure within the weekly range.
Current Candle: Showing strength after a period of weakness
Resistance Levels: 0.4046, 0.4782
Support Levels: 0.3410, 0.2818
RSI: 47.44 (Neutral)
⏰ 4-Hour Timeframe Analysis
In the 4-hour timeframe, we see more granular details of the recent price movements.
Consolidation Range: 0.3436 - 0.2818
Bullish Scenario: Break above 0.3436 with strong volume
Bearish Scenario: Break below 0.2818
📈 Long Position Trigger
Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe.
📉 Short Position Trigger
Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe.
🔑 Key Support and Resistance Levels
Supports: 0.3410, 0.2818, 0.2433
Resistances: 0.3436, 0.4046, 0.4782, 0.7864
🌟 Weekly Settlement
Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend!
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Disclaimer
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.