SAND/USDT (WE MAY GO FOR A PULLBACK)

18 Nov 2021

Sand/usdt outperformed btc in the last 4 days as i predicted, but wait a minute a cryptocurrency can't to the moon without some pullback or correction we can see that rsi 4h 1 days are in overbought .

Sand/usdt have been in a parallele channel , what we can see ( the most probability things is to see a break down to complete our 4 wave , we know that the RSI , STOCH are in overbought we are also in the end of wave 3 )

-What can we do now ? When we are going to see a breakdown of the channel we can enter in a short position with a sl in the middle of the channel to avoid any fakeout ....

-if we broke the channel to the upside the simple answer is that the 3th wave is not finish and we can see more upside in the next hour.

Thanks you for reading , have a good trading session on our thursday !