Get started

SAND / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SANDUSDT trade ideas

SANDUSDT - Price action UpdateHi there, So many were calling for shorts and few were calling longs but in real what's gonna happen ? Well my answer no we can't say the least we can do is predict the possibility of happening but we can't sure it's gonna happen. So without any confirmations in price actions of the assets never take a trade based on the predetermined decisions, one must able to make decisions instantly according to changing conditions to be a successful trader. Moving to analysis, here we are on SANDUSDT chart, what's the idea.... Well it's pretty simple the previous upward moment had been rejected from the resistance zone which is at $0.7941, so can we open short? well not so soon, let's draw out some pivot conditions to conclude our decision. Volume : Well from the last three days the volume has been pretty much increasing and ofc volume during the rejection from it's resistance is also high. RSI : well it's been in nice uptrend from the past three days, it oscillated between the range 40 -60, so it's too early to open short. MACD : we can observe the downward strength is slowly decreasing, so yea definitely it's not the time to open short. Resistance : $0.7941 has been acting as strong resistance unless it's got broken, we can't open long too. Intraday Trade : LTF - 5min : there's a pattern formation called descending triangle with local support $0.7671 - once it's broken we can open the short placing the target at $0.7948 Conclusion : It's too soon to open short position we need to wait until the price heads to the range - $0.7845 to $0.7941 and got reject from there which is likely or to break the local support at $0.7671, so that we can open short. And if the resistance is broken we can draw constraints accordingly to go for long. Wait until the confirmation....Stay connected for updates and if any doubts comment in the comment section
by Livermore_Jr
SAND continued its downward trend within the sh-term channel!During the past week, SAND continued its downward trend within the short-term range channel, and the price again hit an important weekly support zone. This support, located at $0.660-$0.740, once triggered a 100% positive price reaction and was the starting area of ​​the last bullish wave on the weekly time frame last year. Therefore, it is of particular importance for the future of the price of Sandbox currency. The RSI indicator has detected a positive divergence, which will be confirmed if the current support holds. Also, to confirm this divergence, you can receive a trend change warning by drawing a downward trend line in the 4-hour timeframe and breaking this trend line. Divergence is also evident in the 4-hour timeframe, and if the buyers can push the price back above the $0.78 range, the trend will be bullish in the 4-hour timeframe. The targets we can consider for the sandbox are the ranges of $0.845 and $0.900.
by MonoCoinSignal
3
SAND short with GREAT RISK-REWARDSand is incredibly bearish. There is nothing about this chart that suggests this asset will gain value any time soon. Reasons why it's bearish - In a downward channel for over 2 months with no threat of breaking it. - Just broke 80c support and backtested it as resistance. - Both the RSI and MACD look set for negative growth. The short will be active until the channel is broken to the upside and it leads to a break back above 80c and holds it as support. I will not exit the trade if the SL hits unless I see this^.
Short
by SynergyTradingSetups
SANDUSDTHello friends Considering that the current trend is not above the range of $0.8839, the possibility of continuing the upward trend from this range is weak. There are two situations, or an increasing trend is formed from this range and the white area ($0.8839) is completely consumed. Or from this price range, a corrective trend can be formed up to the area of $0.8212. If the first mode is implemented, that is, the range of $0.8839 is consumed in the same movement, the validity of the area of $0.8212 will increase. In the upward trend, the range of $0.8674 has been completely consumed, as a result, the pink area is valid and the probability of reaction to this range is high. What do you think?
Long
by BiTBingo