Market analysis

Is it a Falling Wedge bullish pattern ❓

• Yello, ladies and gentlemen😎!

💎Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend?

💎The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of the time is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a few more confirmations before going bullish on SAND.

💎But already we can witness a bullish divergence on the CCI oscillator. At the same time bounce off the previous area of resistance, which is now the support.

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