SAND Bullish Price Action Outlook

2022년 2월 9일

Hello traders:

Beginning to see many of the crypto pairs are having good bullish price action on the lower time frames that could lead to more upside move in the weeks to come.

Here on SAND, after the strong bullish impulse up, price naturally form into a bullish continuation correction.

With a few swing highs and lows to create the current flag structure we are seeing here, and within, a descending channel which reverse the price up.

Now that we are at the top of structure, best to wait for the impulse move pushing price out of the flag structure,
and form continuation correction as a confirmation to look for entry.

Alternatively, if price doesn't right away push up, one more move down to the lows of the structure is still possible,
and if there is bullish reversal price action at the bottom of the flag structure, it can still validate the potential buy if reversals form.

Thank you

DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.