---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SAND/USDT: Direct recovery expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets SAND suffered about negative global market situation
- SNX is expected to bounce from the current bottom area and triggered the bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 2,57 & 8,50
Graphical Support = 0,68
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is on going divergence but still below 50% = Neutre
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B is set at = 0,83
Fibonacci resistance of the wave in progress = 1,67
Fibonacci support of the wave (C) B(max extension) = 0,68
Fibonacci Bullish Target = 2,57
Conclusion
Preferred case => Regarding the mid-term element, SAND is expecting to do a bullish reversal from the area we are now. We are bullish above 0,68 towards 2,57 with an intermediate level at 1,67. the ATH is set at 8,50
Alternative cases => Breaking 0,68 a significant drop will open the door towards 0,26
SAND/USDT: Direct recovery expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets SAND suffered about negative global market situation
- SNX is expected to bounce from the current bottom area and triggered the bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 2,57 & 8,50
Graphical Support = 0,68
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is on going divergence but still below 50% = Neutre
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B is set at = 0,83
Fibonacci resistance of the wave in progress = 1,67
Fibonacci support of the wave (C) B(max extension) = 0,68
Fibonacci Bullish Target = 2,57
Conclusion
Preferred case => Regarding the mid-term element, SAND is expecting to do a bullish reversal from the area we are now. We are bullish above 0,68 towards 2,57 with an intermediate level at 1,67. the ATH is set at 8,50
Alternative cases => Breaking 0,68 a significant drop will open the door towards 0,26
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.