I think that 
SAND is potentially a good investment in case
BTC remains bullish scenario before huge correction.
- 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement
But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$.
Possible targets:
0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2
Stop-loss: 0.6-0.605
It is not a financial advice. Do your own research. These are just my personal opinions.
Good luck.
- 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement
But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$.
Possible targets:
0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2
Stop-loss: 0.6-0.605
It is not a financial advice. Do your own research. These are just my personal opinions.
Good luck.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.