SANUSD bounces off the 200MA well and forms a very early cup and handle formation. the projected price target is around 2.3 usd and therefore a possible increase in value of around 230% is anticipated.
this is no trading advice, just a simple idea.
We got a SHORT for SANUSD from SwingBot
Possible targets and stop loss are indicated on the chart
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Here is an alt coin that is not as popular as some of the other cheap ones, but the chart is very clear and compelling. A chart is a chart, no matter how irrational or ridiculous the fundamentals may be. Compared to alts at similar prices like XRP and IOT, SAN is exhibiting greater relative strength and bullish structure. A retrace to the .39 and/or .28 support...
Remember this chart and apply history on todays charts from Bitcoin to even big shit coin!!
After Today Dump we will see strong bullish sentiment that will take us to the moon For Btc we will see more than 20k$ by end of Year 2018 and return to this idea if you didn't see 20k$ or more !!
Have good trading!!
As you guys will see from my preovious analysis when SAN was at 0.44c we are now awaiting the key market trend moving forwards as to wether to remain long or short on SAN.
Modest traders gave the ETF decision a miss and sold into fiat and few have filled their portfolios to gain the potential upside due to the amount of times these ETFs have been declined.
Watching the graphs of a few assets currently and SAN has shown a possible support line around 0.4000 we are now preparing our next 1 minute position.
Key volumes will be monitored prior to our position.
Keep an eye on this one for a potential rebound up to 0.6000.
LONG TERM ANALYSIS
Falling wedge formation in weekly chart.
TD sequential- 9 candles completed.
Breakout chances higher(If volume spikes up keep an eye on it.)
MACD nearing crossing range.
NOTE - FOR EDUCATIONAL PURPOSE.
Just for myself really to try see what this means. SAN is 8192269 LONG vs 124964 SHORT - this is 65/1 - Im short on these alts these last two weeks despite the recent bounce. I believe BTC is gonna drop, if it goes up all well and good, but I dont see anything crazy in the last drops, there is no fear, pain, OMG WTF etc. We still need to have that. I think we...
I was bullish on this an many other just two weeks ago, but BTC seems to have different plans for us. Maybe, just maybe ill be on the wrong side of it but am willing to try some shorts. My plan is to sell the top of this channel hopefully sometime in the next 10hrs, if it starts to break down from it ill take a sell too.
The pitchfork is taken from a trend...