At the moment of writing, SAND has passed the 1.618 fibo line and is currently testing it after a small retracment. If it holds (and I assume it will) I am sure we will see some further upside to $9.5.
Where I am a bit worried about though is the big blue trendline, which you might be able to see if you zoom out. To my opinion it is very unlikely that the price will break that trend line with confidence. But, if it does I think the market will go even crazier.
Still, I will be looking very carefully on what the price will do there as I believe a bigger retracement will follow.
Trade with care. This is not financial advice
Where I am a bit worried about though is the big blue trendline, which you might be able to see if you zoom out. To my opinion it is very unlikely that the price will break that trend line with confidence. But, if it does I think the market will go even crazier.
Still, I will be looking very carefully on what the price will do there as I believe a bigger retracement will follow.
Trade with care. This is not financial advice
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.