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financialfreedomgoals101
May 25, 2022 1:17 PM

SANDUSDT: Bearish Symmetrical Triangle, Going to Under 1 USDT? Short

SAND / TetherUSBinance

Description

Hello Fellow Sandbox Investor/Trader, Here's a Technical outlook of SANDUSDT!

Support our content by smashing the like and follow button, you also can share your opinion on the comment section below.

SANDUSDT has broken out of the symmetrical triangle pattern. The breakout accompanies by increasing volume which indicates a potential bearish bias ahead. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.

The roadmap will be invalid after reaching the target/ resistance area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to buy or sell the cryptocurrency"
Comments
Wojak_Buys_High
Coinbase effect in play .. short ain't SAFU
Car_loss_lambo_less
@Wojak_Buys_High, just made a k shorting it this morning
financialfreedomgoals101
@Wojak_Buys_High, good luck on your outlook Wojak :D
JCLARK87
Just announced a coinbase listing so short will have to be postponed.
financialfreedomgoals101
@JCLARK87, Thanks for your comment, good luck on your trade :)
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