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RollingBoat
Mar 15, 2021 5:48 PM

SAND/USDT Chart 15/03 

SAND / TetherUSBinance

Description

Looks like Fib worked well, we bounced on 0.786 and went back testing 0.5 which offered a good resistance and made it fall back again in the last hours.

The strongest support is at 0.4718 but another one to be retested is at 0.5538, which - if held - could build a good momentum for further growth.

Comments
redheaven77
any chances to fly back to 0.65 in short time?
RollingBoat
@redheaven77, Well, it was rejected at 0.678 and bounced back to 0.601 but it looks like it found some support there. If the downtrend continues we could see a retest around 0.553 but imho the buying volume spikes over the past few hours are a good indicator. Plus, flying back at 0.65 would also be a retest at 0.618 Fib and that would be healthy. However, we're looking at lower highs and lower lows forming and that should be approached carefully :)
redheaven77
@RollingBoat, good explaination. thank u sir !
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