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🔥 SAND 15-Month Downtrend Broken!
SAND / TetherUS
Long
🔥 SAND 15-Month Downtrend Broken!
By FieryTrading
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Jan 16, 2023
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Jan 16, 2023
Ever since SAND topped out in November 2021, the token has been selling off very hard, losing over 95% of its value in the process.
However, SAND seemingly has broken out of the perpetual downtrend during Bitcoin's rally of last week.
The move was violent, so we will likely retest the resistance as support. Overall, I'm still looking for a long position.
Targets in blue.
Chart Patterns
Technical Indicators
Trend Analysis
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