Updated
SAN update
SAN is temporarely overbought.
Descending triangle is a bearish pattern.
MACD negative divergence.
RSI neutral but falling.
If the price breaks out of the triangle (upwards) it is expected to rise further.
If it crosses the lower line and the next fibonacci retracement it is expected to make a correction.
Stop: near fib level 100 at 3.44$ (I recommend to place it below due to the volatility)
Descending triangle is a bearish pattern.
MACD negative divergence.
RSI neutral but falling.
If the price breaks out of the triangle (upwards) it is expected to rise further.
If it crosses the lower line and the next fibonacci retracement it is expected to make a correction.
Stop: near fib level 100 at 3.44$ (I recommend to place it below due to the volatility)
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.