Watching the daily chart on SANDUSD I can see that it broke out of a bullish pennant and the 1.618 level of fib.

Currently the price is retracing from the big green break out candle. It's possible that price comes back below the 1.618 fib or lower to retest the previous resistance.

2.618 of fib or $1.035 is the next major resistance level to look at. If that breaks it can reach the flagpole target of $1.24.

If it crashes. We can see price go back to $0.63-$0.53 levels.

Waiting to see if this bullish pennant plays out.


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