Hello to all members of TradingView and my followers.
SAND had good growth last week. It was one of the most active coins on Thursday, with values increasing by as much as 14%.
After reaching a low of $1.13 on Wednesday, its pair reached a session high of $1.28 earlier today.
The buying pressure has brought the price to the resistance range of $1.18 to $1.26, and if the buyers can stabilize the price of this currency above the resistance range, considering that the reverse head and shoulder pattern is also formed on the chart, in this case, the pressure Buying can lead the price to the resistance area of the ceiling of the descending channel.
The resistances of SANDBOX are in the ranges of 1.38, 1.55, and 1.85 dollars. A downtrend line is also drawn inside the channel; if it is not broken, the price can even break out of the downtrend channel.
In general, I expect the price to react negatively after hitting the $1.70 range resistance, and there is a possibility of a correction towards the supports.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
SAND had good growth last week. It was one of the most active coins on Thursday, with values increasing by as much as 14%.
After reaching a low of $1.13 on Wednesday, its pair reached a session high of $1.28 earlier today.
The buying pressure has brought the price to the resistance range of $1.18 to $1.26, and if the buyers can stabilize the price of this currency above the resistance range, considering that the reverse head and shoulder pattern is also formed on the chart, in this case, the pressure Buying can lead the price to the resistance area of the ceiling of the descending channel.
The resistances of SANDBOX are in the ranges of 1.38, 1.55, and 1.85 dollars. A downtrend line is also drawn inside the channel; if it is not broken, the price can even break out of the downtrend channel.
In general, I expect the price to react negatively after hitting the $1.70 range resistance, and there is a possibility of a correction towards the supports.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
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