SAND has decreased by 57% since its all-time highs and now the first thing that we can see is a breakout from a descending resistance line.
If the upwards movement continues, we think the next resistances are between the $4.7 and $6 levels. Indicated by our Fibonacci retracement readings on the daily chart from the ATH to the bottom of the trend.
00:00 Intro
00:20 Long-term movement
02:00 Indicator readings
02:50 Short-term Movement
03:40 Wave count
Disclaimer:
Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
{{yt-_5cb8e9X_Ls|SAND TECHNICAL ANALYSIS: BREAKOUT FROM DESCENDING RESISTANCE LINE! | Coin Of The Week}}