SAND - Another bullflag! Target $9.15 or higher
SAND has been consolidating the last few days (compared to the huge spikes it made before). Of course we saw the whole market go down with the fall of BTC, but the metaverse (related) coins actually held their ground pretty well. GALA being one of them.
For now SAND appeared to create a SHS pattern on the 1H chart, but when zooming out, or looking on the 4H chart, its clear that it is actually forming a bullflag. I believe that we could see one more dip to $6.21 after which some green candles will follow and break out up to $9.15. If the price action is strong enough, we might even see prices close to $10. Though this is a dangerous price as I believe a lot of selling will be done there due to the psychological price level.
Trade with care, and as always this is not financial advice but just my view on the chart!
For now SAND appeared to create a SHS pattern on the 1H chart, but when zooming out, or looking on the 4H chart, its clear that it is actually forming a bullflag. I believe that we could see one more dip to $6.21 after which some green candles will follow and break out up to $9.15. If the price action is strong enough, we might even see prices close to $10. Though this is a dangerous price as I believe a lot of selling will be done there due to the psychological price level.
Trade with care, and as always this is not financial advice but just my view on the chart!