SAND

SANDUSD Is Ready for Up Move

208
SAND is in a strong uptrend on the 4-hour chart. Price has already completed waves 1, 2, and 3, where wave 3 was a sharp and powerful rise. Now the market is doing a small pullback (wave 4), which is normal after a strong move. This pullback is expected to stay in the green support zone around 0.142 – 0.141 (Fibonacci 0.5 area). As long as price holds this zone, the trend stays bullish. After wave 4 finishes, price is expected to move up again into wave 5, targeting higher levels above 0.16. Overall, trend is bullish, and the current dip looks like a buy-the-dip move, not a trend change.

Stay Tuned :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.