Sandusdt
SAND | Getting Ready for Another Bullish Wave..!!
#SAND (Update)
Getting Ready for Another Bullish Wave..!!
Falling Wedge Formation in Daily timeframe Chart.
Looks Promising for Breakout 👊
In Case of Breakout, Target Would be 20$..
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BTC/USDT : 1W : TA : 2022-03-29In the weekly time frame, Bitcoin has almost reached the midline of the channel. It also has static resistance action and dynamic resistance of the resistance trend line. The probability of correction in this area is very high. Support and resistance areas have been identified.
I hope my analysis is useful, thank you for your support.
⏳update
👸raiN
📅Tuesday, March 29, 2022
🤷♀DYOR
Trading Idea - #SANDMy BUY Mindset for #SANDUSDT
Entry: 3.45 USD
Target 1: 5.00 USD (+46%)
Target 2: 5.48 USD (+60%)
Stop: 2.28 USD
#SAND is the native token for a very unique platform that combines blockchain technology and #NFTs with the gaming world and aims to revolutionize the #gaming industry. Therefore, it is possible that the SAND token will increase in value if the Sandbox platform grows.
Currently, there are a little less than 1 billion tokens, while the maximum offer is 3 billion tokens.
There is definitely a possibility for a LONG trade. The main reason is that the price has bounced off the support line ($2.60) several times. Furthermore, the token has a real application on the Sandbox platform. The past #NFT hype should have already attracted both long-term investors and gamblers to buy SAND coin. #HODLers determine support levels. It is quite possible that this has set in at USD 2.60.
The stoploss is a bit generous in this case, as we have already moved a decent distance away from the support line.