SAND RETRACEMENT IS COMPLETE$Sand pulled a solid 10X reaching the $8 mark. it has however retraced to wipe out the late buyers and margin traders . The retracement to 4.1-4.7 range bouncing off the green trendline is good for the market as it shows the uptrend market is still active. Now we can rebuy our bags for the next leg up
Buy $4.5 - $5.1 range is good to buy
Take profit at $6.5
Goodluck
Sandusdt
SAND ShortTook a short here after getting burned with a long a few hours prior to this on the same pair.
Again it went quickly against me but I had noticed a resistance level forming and placed my order above it as a stop loss, luckily it had took a hard right turn and shot down, creating some nice profit
SAND can Reach 9.7$Hi every one
SAND/USDT
SAND has done a Massive Bullish Movement Recently But It seems There is Room For Bulls For another Bullish Wave! as you can See The Price has been Increasing Beautifully according To Elliot Waves Principle! The First 3rd Impulse waves Has Been Completed,The Price is In The 4th Impulse wave Right now which is a Correction wave! after The 4th wave is completed which is Expected to happen in a Few days, The 5th wave Will be Started & the Bullish Wave can Increase Up to 9.3 or 9.7$. Not Only The Elliot Waves Suggest This, But There is also a Bullish Flag on The chart which Suggest The Same Price Prediction! The Price was In a Bullish Pennant Not Long Ago & It worked Perfectly So There is a High chance That The Same Thing Happen Here with This Flag! There is also a Hidden Bullish Divergence (+HD) On MACD as well! all Evidences Suggest a Bullish Movement For Sand ! The 5th Wave and The Bullish Break out can Happen Soon and We shall See SAND reach 9.7$!
Summery:
-SAND's Elliot Impulse waves Suggest a 9.7$ Target
-Bullish Flag also Suggest The Same Target
-(+HD) On MACD
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Sand is weak, a huge chance of going downSand recently was pumped a lot, which means it needs a good healthy correction.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
SAND downward wedge #2 + MACD over zeroMACD has now crossed over zero on @HPotter MACD indicator. This is a bullish indication and the explanation I have quoted from the writer of script himself:
"Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving average.
This is bullish as it shows that current expectations (i.e., the 12-day
moving average) are more bullish than previous expectations (i.e., the
26-day average). This implies a bullish , or upward, shift in the supply/demand
lines. When the MACD falls below zero, it means that the 12-day moving average
is less than the 26-day moving average, implying a bearish shift in the
supply/demand lines.
A 9-day moving average of the MACD (not of the security's price) is usually
plotted on top of the MACD indicator. This line is referred to as the "signal"
line. The signal line anticipates the convergence of the two moving averages
(i.e., the movement of the MACD toward the zero line).
Let's consider the rational behind this technique. The MACD is the difference
between two moving averages of price. When the shorter-term moving average rises
above the longer-term moving average (i.e., the MACD rises above zero), it means
that investor expectations are becoming more bullish (i.e., there has been an
upward shift in the supply/demand lines). By plotting a 9-day moving average of
the MACD , we can see the changing of expectations (i.e., the shifting of the
supply/demand lines) as they occur."
Source:
credit: @HPotter
BTC/USDT (UPDATE 02 DECEMBER MUST SEE)hello as we can see on the chart everything is well explained, so I will make a small curriculum vitae, we can see several areas of accumulation and rise thereafter
-The stoch is in an over sell position, same signals as at the start of the bull run so we wait for the next climb
-We can already take a position on the btc (DYOR)
-Several resistance identified as well as large support
Thank you Happy trading session
🌌The Sandbox🌌sand looks ripe for a move up, our system is calling a pretty significant buy right here.
came down in 3 wave in this local region, indicative of a simple zig-zag - followed by a clean 5 wave move.
after some consolidation \ a break of downtrend, sand is gearing up for the last hurrah.
possible it raids $6.50, but ultimately it looks really good for a sharp move up.
i'm targetting $10.70 on this swing, but will take profit at the two levels along the way (as portrayed on the chart).