HEY, what's up Guys and Girls?!
đSince 26 jan , 2022 that I've posted sandusdt analysis , it has followed the correction wave and exactly reached my target ( more than 80 % (1x-short ))đŻ .
so today ,As you can see on the weekly timeframe for pair of SAND/USDT , it has been declining but recently reacted to pivot zone and jumped by more than 40 %, so if it maintain the current pivot zone , it can continue its rising at least to descending trendline as a dynamic resistance .
but If I consider the Elliot wave theory , in my opinion, the recent correction waves isn't complete ABC waves in this point of view , and was only the A wave and I think it can fall again by reaching the black descending trendline( b wave ) or if it be able to breakout the descending trendline and reaches the resistance zone( b wave) , then it can fall again to finish the 3rd wave (c). which it means it can even loses the current pivot zone as a support in both scenarios and fall on the lower support , then at there it can start a new rally.
âïž Good luck with your trading and investing and remember: Trade smartâŠOR JUST DONâT TRADE!
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đThis analysis is my personal opinion ,not a financial advice ,so do your own research.
đ if you're fan of my analyses please follow me , give a big thumbs đ OR drop a comment đŻ
đSince 26 jan , 2022 that I've posted sandusdt analysis , it has followed the correction wave and exactly reached my target ( more than 80 % (1x-short ))đŻ .
so today ,As you can see on the weekly timeframe for pair of SAND/USDT , it has been declining but recently reacted to pivot zone and jumped by more than 40 %, so if it maintain the current pivot zone , it can continue its rising at least to descending trendline as a dynamic resistance .
but If I consider the Elliot wave theory , in my opinion, the recent correction waves isn't complete ABC waves in this point of view , and was only the A wave and I think it can fall again by reaching the black descending trendline( b wave ) or if it be able to breakout the descending trendline and reaches the resistance zone( b wave) , then it can fall again to finish the 3rd wave (c). which it means it can even loses the current pivot zone as a support in both scenarios and fall on the lower support , then at there it can start a new rally.
âïž Good luck with your trading and investing and remember: Trade smartâŠOR JUST DONâT TRADE!
--------------------------------------------------------------------------------------------------------------------
đThis analysis is my personal opinion ,not a financial advice ,so do your own research.
đ if you're fan of my analyses please follow me , give a big thumbs đ OR drop a comment đŻ
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von RatschlÀgen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.