SYMMETRICAL TRAINGLE RESTEST NEW SUPPORT FORMER RESISTANCE BUY @ 7990 STOP LOSS @77.625 TP@ 54.752 TP2@89.304
Waited to get in SAND at 6 USD for months, now with the general market sell-off, I could not have dreamed to get it at such low prices again. As Eric Sprott said about SAND "growth baked in"! Very good ultra-long play for the coming 5-7 years!
price has been moving in a range for a while. Expect $ to buy from support #1 and head to resistance #2 and possibly resistance #3. HUGE BUY TO COME
expect $ to buy from support #2 to 0.75227 (target) - $ is going to be bullish after that head and shoulders
expect $ to drop from resistance #1 to support #2, head and shoulders forming
expect $ to drop from resistance #1 to support #1 but support #2 is a potential as well
expect $ to buy from 73.457 (support #1) and head to 75.898 (resistance #1)
$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a...