Comprehensive analysis of SAND/USDT by combining technical indicators with Japanese candlesticks
I will combine candlestick analysis with technical indicators (RSI, MACD, Stoch RSI, moving averages) to understand the likely price scenario and make more accurate trading decisions.
1. General trend and Japanese candlestick analysis
• The overall trend is still bearish after recording 1.06868 USDT as a high, then collapsing to 0.20640 USDT.
• The price is now at 0.34764 USDT, showing signs of stability with reversal candlestick formation.
📌 Signals from Japanese candles:
1. Hammer candle at 0.30249 USDT
• Indicates a strong rejection to sell at this level.
• It must be confirmed by a subsequent rise in price, which is what happened in part.
2. Bullish Engulfing candle at 0.34 USDT
• This candle completely covered the previous red candle, indicating that buyers have started to take control.
3. Doji candles in the area of 0.34 - 0.35 USDT
• It indicates a state of hesitation between buyers and sellers.
2. Combining candles with technical indicators
📌 Relative Strength Index (RSI)
• RSI(6) = 27.56 → Oversold, which increases the possibility of a price bounce.
• RSI(12) = 31.92 → improving but still weak.
• RSI(24) = 37.67 → Still below the 50 level, which means the market has not entered into strong bullish momentum yet.
💡 Interpretation:
• The RSI is consistent with a hammer candle and a bullish engulfing, which means that selling was overdone and the possibility of an upward correction has become strong.
📌 MACD indicator
• DIF = -0.03781
• DEA = -0.04051
• MACD = 0.00270
• Still below zero but by a small margin, which means that the negative momentum is starting to weaken.
💡 Interpretation:
• MACD is converging towards zero, supporting bullish reversal signals if the improvement continues.
📌 Stochastic RSI Indicator
• 44.38 → In the middle zone, which means that the market has not yet entered the overbought zone.
💡 Interpretation:
• The Stoch RSI indicator has exited the oversold zone, which increases the possibility of continuing the rise in the short term.
📌 Moving Averages (EMA)
• EMA(7) = 0.37130 USDT
• EMA(25) = 0.41769 USDT
• EMA(99) = 0.48381 USDT
💡 Interpretation:
• The current price is below all moving averages, indicating that the overall trend is still down.
• But if the price breaks 0.371 USDT, there may be the beginning of a strong reversal.
3. Possible scenarios after integrating the analysis
✔ Bullish scenario (breakout to the upside)
🔹 Conditions:
• 4-hour or daily candle closes above 0.371 USDT.
• RSI breaks 40 to the upside.
• MACD crosses positively above zero.
🔹 Possible goals:
1. 0.417 USDT (EMA 25 - first important resistance).
2. 0.483 USDT (EMA 99 - major resistance).
3. 0.50+ USDT if the bullish momentum continues.
🔹 Stop loss:
• Below 0.34 USDT to reduce risk.
✖ Bearish scenario (continuation of the downtrend)
🔹 Conditions:
• Price rejection at 0.371 USDT with the appearance of bearish reversal candles (Shooting Star or Hanging Man).
• MACD remains negative below zero.
• RSI fails to exceed 40-45.
🔹 Possible goals:
1. 0.34 USDT (first weak support).
2. 0.302 USDT (very strong support).
3. 0.206 USDT (if the strong downtrend continues).
🔹 Stop loss:
• Above 0.38 USDT if entering a sell deal.
4. Final conclusion and recommendations:
📌 Current forecast:
• Possibility of a temporary rise towards 0.371 - 0.417 USDT if confirmations from RSI and MACD are achieved.
• But the market remains weak in the long term.
📌 If you are thinking of buying:
• Wait for a break of 0.371 USDT with a daily candle close before entering.
• Place a stop loss below 0.34 USDT.
• Targets at 0.417 - 0.483 USDT.
📌 If you are thinking of selling:
• Watch for price rejection at 0.371 USDT with bearish reversal candles.
• You can enter a sell trade with a target of 0.34 - 0.30 USDT.
• Place a stop loss at 0.38 USDT.
🎯 Integrated analysis summary:
✔ Japanese candlesticks show bullish reversal signals (Hammer + Engulfing).
✔ RSI confirms the possibility of correction but not yet in strong momentum.
✔ MACD is starting to slow down but not giving a clear bullish signal yet.
✔ The moving averages are still in a downtrend, which means that the overall trend has not changed yet.
✔ You should wait for confirmations (such as breaking 0.371 USDT) before making a final decision.