SANDUSD Double Bottomed. Dynamics to keep in mind.

Sandbox made yesterday a Double Bottom on the January 10 Low. So did the RSI on the 1D time-frame. Last time we saw Double Bottoms both on the price action and the RSI was on September 28 2021. That was the last low before the October-November rally started. A break above the 1D MA50 (blue trend-line) should be the confirmation.

If however SAND breaks lower, it should seek the bottom of the long-term Channel Up that started on January 2021 (Fibonaccis used).

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