Paskelbta prieš 6 valandas
Under the influence of the cup and handle pattern, the SMĖLIO kaina offered a 20% pullback opportunity from the $1.28 resistance, which plunged to the flipped support of $1. However, today, the coin price witnessed a significant inflow and surged 12.5% higher, where it currently trades at $1.17. The sustained buying may breach the $1.28 neckline, offering a recovery opportunity.
Pagrindiniai klausimai:
- The cup and handle breakout may surge SAND price by 20%
- Bollinger band indicator midline flipped into a viable support
- Dienos prekybos apimtis SAND kaina yra 341 mln. USD, o tai rodo 132% kilimą.
Šaltinis- Tradingview
SAND kainos took a bullish turnaround from the $0.68 support level during mid-June, after the bearish downfall under the $1 mark. The reversal rally results in a rounding bottom pattern surpassing the $1 mark.
However, the SAND buyers failed to sustain the buying pressure resulting in a bearish retracement from the 50-day SMA resulting in the retest of a $1 breakout.
The ongoing streak of Doji Candle formation tees is a bullish reversal to complete a cup and handle pattern formation. However, the lack of bullish support evident by the falling trend in the trading volume warns of a bullish failure.
If buyers manage to complete the pattern formation, the market price will surpass the 50day SMA on the bullish breakout, potentially surpassing the $1.50 mark.
Conversely, the bullish failure to surpass the 50 SMA will result in the fallout of the psychological mark of $1, where traders can expect the fallout rally to reach the bottom support of $0.68.
Techninis rodiklis
Bollingerio juostos indikatorius: on June 24th, the SAND breached the indicator midline, indicating the buyers wrestled trend control from the sellers. Moreover, this neutral line aligned with the $1 psychological support bolstered the bullish recovery.
OBV indikatorius: a significant rise in OBV slope in response to the recent price jump, accentuating a genuine recovery rally.
- Atsparumo lygiai - 1.2 ir 1.53 USD
- Palaikymo lygiai – 0.98 USD ir 0.79.3 XNUMX USD
Pateiktame turinyje gali būti asmeninė autoriaus nuomonė ir jis priklauso nuo rinkos sąlygų. Prieš investuodami į kriptovaliutas, atlikite rinkos tyrimus. Autorius ar leidinys neprisiima jokios atsakomybės už jūsų asmeninius finansinius nuostolius.
Source: https://coingape.com/markets/sandbox-price-analysis-cup-handle-pattern-aims-sand-to-reach-1-5/