Sandbox (SAND)

After completing its 5th upward impulse wave, Sand entered a corrective phase and now it seems finished. Price broke the downtrend line; have to wait and see if price can break the horizontal resistance area too or not. Let's see what happens.

Ghi chú

It seems SAND has started an upward wave after breaking the downtrend line.

Ghi chú

So, SAND on its way up. It seems a Head and Shoulders pattern is formed; breaking the neckline confirm the reversal. Let's see what happens.

Ghi chú

So, it seems SAND is moving in a descending channel, a gentle one. SAND went down and touched the channel's bottom, and now trying to break the minor downtrend line. Let's see if SAND can reach the channel's upper line or not.

Ghi chú

So, SAND broke the minor downtrend line and is going up. Let's see what happens.

Giao dịch đang hoạt động

So, SAND is approaching the channel's upper line. Let's see how SAND reacts to this line.

Ghi chú

So, SAND couldn't pass through the major horizontal resistance area. Thus, correction started, and SAND revisited the channel's bottom line, and is currently bouncing from it. Let's see what happens.

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