SAND, downtrend.
The following are machine translations:
In the 4-hour chart, there is a strong resistance near 1.5. On July 20, it again tested 1.5 and fell back, forming a downward trend line and falling, and there is still room for decline.
The indicator macd rejected the golden cross, continued downward, bearish trend. The RSI indicator retreated from resistance near neutral 50, returning to bearish territory.
Summary: The pattern trend is bearish, the indicator is bearish, the upper resistance is near the downtrend line, the operation should be high, and the uptrend line is empty, and the target is the lower support near 1.1.
In the 4-hour chart, there is a strong resistance near 1.5. On July 20, it again tested 1.5 and fell back, forming a downward trend line and falling, and there is still room for decline.
The indicator macd rejected the golden cross, continued downward, bearish trend. The RSI indicator retreated from resistance near neutral 50, returning to bearish territory.
Summary: The pattern trend is bearish, the indicator is bearish, the upper resistance is near the downtrend line, the operation should be high, and the uptrend line is empty, and the target is the lower support near 1.1.
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