📌 Final analysis of SAND/USDT using Fibonacci and technical indicators
Fibonacci levels are combined with technical indicators (RSI, MACD) and Japanese candlesticks to get a comprehensive view of the current trend and trading opportunities.
🔹 Key Fibonacci Levels (Based on top 1.06868 USDT and bottom 0.20640 USDT)
1. 23.6% - (0.40990 USDT) → First resistance level to break to confirm bullish correction.
2. 38.2% - (0.53579 USDT) → Stronger resistance level, often sees a bounce.
3. 50.0% - (0.63754 USDT) → An important psychological level, if the price breaks it we may see stronger bullish momentum.
4. 61.8% - (0.73929 USDT) → The strongest Fibonacci level, known as the “golden ratio”.
5. 78.6% - (0.88415 USDT) → Late but strong correction level.
6. 100.0% - (1.06868 USDT) → previous high, which is final resistance.
🔹 Current price: 0.34764 USDT
• It is located near the support at 0.34 USDT, and has not yet broken the 23.6% level (0.40990 USDT), which means that the upward correction is not confirmed yet.
📊 Technical indicators and their compatibility with Fibonacci
✅ Relative Strength Index (RSI)
• RSI(6) = 27.56 → In the oversold zone, which means a possible price rebound.
• RSI(12) = 31.92 → Weak momentum but improving.
• RSI(24) = 37.67 → Needs to break 40-45 level to confirm the upside.
🔹 Interpretation:
• RSI supports the idea of an upside correction soon, but we need to see a break of 0.371 USDT to be sure.
✅ MACD indicator
• DIF = -0.03781, DEA = -0.04051, MACD = 0.00270
• MACD is still below zero but the difference between DIF and DEA is decreasing, indicating a slowdown in the downtrend.
🔹 Interpretation:
• There are signs of weakness in the negative momentum, but there is no confirmation of an upward reversal yet.
• If the MACD crosses above zero, it may be a strong signal that an upward correction has begun.
📉 Japanese candlestick analysis and its compatibility with the analysis
1. Hammer candle at 0.30249 USDT
• It indicates a strong rejection of selling at this level, which supported the rebound to the current price.
2. Bullish Engulfing candle at 0.34 USDT
• Positive signal of buyers entering, but needs confirmation by breaking the nearby resistance.
3. Doji candles between 0.34 - 0.35 USDT
• It indicates a state of uncertainty, and if it is followed by a strong bullish candle, this will confirm the continuation of the rise.
🔹 Interpretation:
• Candles support the bullish scenario, but we need more confirmation at resistance levels.
🎯 Possible scenarios after combining Fibonacci with technical indicators
✔ Bullish scenario (if price breaks 0.371 USDT)
🔹 Conditions:
• 4-hour or daily candle closes above 0.371 USDT.
• RSI breaks 40-45.
• MACD turns positive (crosses above zero).
🔹 Possible goals:
1. 0.409 USDT (23.6%) → First resistance to test.
2. 0.535 USDT (38.2%) → Stronger correction target.
3. 0.637 USDT (50%) → Long term target if bullish momentum continues.
🔹 Stop loss:
• Below 0.34 USDT to reduce risk.
✖ Bearish scenario (if price fails to break 0.371 USDT)
🔹 Conditions:
• Bearish reversal candles (Shooting Star, Hanging Man) appear at 0.371 USDT.
• RSI fails to exceed 40.
• MACD remains negative below zero.
🔹 Possible goals:
1. 0.34 USDT (weak support, if broken the downside may continue).
2. 0.30 USDT (very strong support).
3. 0.206 USDT (in case of market crash).
🔹 Stop loss:
• Above 0.38 USDT if you enter a sell trade.
📌 Final Recommendations: How to Trade Based on This Analysis?
✅ If you are thinking of buying:
1. Wait for 0.371 USDT to break with a 4-hour or daily candle close.
2. Make sure that RSI is above 40 and MACD is in positive territory.
3. Target 0.409 - 0.535 USDT as initial targets.
4. Place a stop loss below 0.34 USDT.
❌ If you are thinking of selling:
1. Wait for the price to fail to break 0.371 USDT and bearish reversal candles to appear.
2. Make sure that the RSI remains below 40 and the MACD is in the negative territory.
3. Target 0.34 - 0.30 USDT as bearish targets.
4. Place a stop loss above 0.38 USDT.
📊 Summary of the analysis after combining Fibonacci, technical indicators, and Japanese candlesticks:
✔ Fibonacci indicates that the price needs to break 0.371 USDT to start the upward correction.
✔ RSI confirms oversold, but needs to break 40-45 to be positive.
✔ MACD is showing a slowdown in the downtrend but has not given a clear reversal signal yet.
✔ Japanese candles support the rise but need confirmation.
📌 🚀 Final decision:
• If the price breaks 0.371 USDT, there is a good chance of a rise to 0.409 - 0.535 USDT.
• If the price fails to break 0.371 USDT, it is likely to retest 0.34 - 0.30 $SAND
