🔥 SAND Bullish Break Out: Volatility Expected
In my last SAND analysis we were looking at a bearish break out from a triangle pattern, see below. The trade was a success, and the price reversed after the first target as been hit.
If we extend the lines further down, we can see that SAND is still in a downwards trend. However, SAND is currently doing its best to break out of the bearish trend.
If SAND manages to break out the yellow area, we could definitely see more bullish pressure arise. Targets at $6 and $7. Be aware that BTC is a key factor, a drop in BTC's value will take the alts down as well.
Happy trading!
If we extend the lines further down, we can see that SAND is still in a downwards trend. However, SAND is currently doing its best to break out of the bearish trend.
If SAND manages to break out the yellow area, we could definitely see more bullish pressure arise. Targets at $6 and $7. Be aware that BTC is a key factor, a drop in BTC's value will take the alts down as well.
Happy trading!
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