IS THE SANDBOX MADE UP OF QUICK SAND? (BUY ZONES!!!) METAVERSEGreetings Investors!
Today we consider the trading pair SAND/USDT
Alright, Lets begin!
Sand has seen impressive price growth since it's listing back in August last year, forming an Ascending Channel that price has continued to respect each time it has been tested.
Question is, will it respect it this time?
Taking a Look at our RSI, a bottom formation started to form while also creating an accumulation range in price action, and confirming with a second bounce on rsi support before a breakout from the range. Growth was 1537% from above the range.
Soon after, Sand will go on to form Resistance for it's current channel (both on price and RSI) marking a top and confirming it with a mini acuumulation in Price and RSI(blue circle), before getting rejected bact to the channel's support, breaking below the 50 level rsi as well as it's trendline and confirming a bottom with multiple bounces in the oversold region.
Finding a bottom on wave 2 correction, Price seems to be replicating the same pattern on the RSI and price action after a wave 3 top.
Each accumulation range from breakout to top had diminishig returns, hence multiple range forecasts shown depending on if it's time to go down or if we test resistance one more time.
ENDGAME:
Wait for price to either return to RSI oversold region or Channel support for Buying action.
ATR Bands suggest a sharp move is incoming as well.
Should the two not sync this time around, do not rule out Fifth Wave Extension Bottom Scenario.
If you agree with this idea, Please leave a like & share🙏 as well as your thoughts in the comments section.
As always, feedback is appreciated🙏
NOTE: DURATION OF WAVE FORECAST MAY BE INACCURATE!
SAND
SAND LONG FINISHING PATTERNSand bounced off of a support 3 times, and is at the end of a flag pattern, after break out we should see retracement to the 50% fib zone.
Aroon: On a daily time frame we see orange line crossed a blue one which shows start of a bullish trend.
MACD: We are already seeing light red candles which indicates bullish movement gain.
Bollinger band: We just bounced off of a bottom Bollinger band which indicates bullish trends start.
Entry: 2.97
Invalidation: 1.95
Target: 5.38
SAND Short SetupSAND Short Setup
Sell Momentum
Please noted this setup is HIGH RISK because its already hit fibo 1,68 (Take profit of sell momentum area)
Entry:
Sell market high risk
Sell limit 4.2082 - 4.3809
Target:
TP1 4.0355
TP2 3.7561
TP3 3.3040
Stoploss:
You decide
Always do your own research!
SAND UPDATE: A 70% RALLY, SOON.Welcome folks to my new update on SAND/USD.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Talking about SAND/USD, the current position is close to the lower trendline and for your information, the last time when SAND hit this trendline, it bounced back and rallied up to 78%. This time SAND can make a similar move only if it manages to hold the $2.65 support level. I am expecting a 70% rally if the market gets bullish. We have a lot of events coming up for SAND which is huge.
So, let's keep an eye on this. I am gonna buy some on spot for now and in futures after confirmation.
What do you think about SAND? Will it rally 70% or get rejected?
Let me know your views in the comment box.
I'll see you guys on my next update until then trade safely.
Thank you.
⌛🦜 SANDBOX Targets: 3,8$ and 5,4$ 🏴☠️☠Our updated chart on SANDBOX.
3,8$ and 5,40$ are our targets for the next months.
The project is great. here are some news about it:
Snoop Dogg Drops 10,000 Playable Sandbox Avatar NFTs – Mint a Unique Doggie and Explore the Metaverse in Style
Gucci is doubling down on its commitment to the metaverse.
The designer clothing brand announced on Wednesday that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox.
Sounds and looks good to me, fundamentally and also on the chart. Time to go higher again? Why now!
One Love,
the FXPROFESSOR
🆓The Sandbox (SAND) Mar-02 #SAND $SAND
SAND has conquered the $3.2 zone and the $3 zone has become the hard support of SAND at the moment. In the near future, SAND may move to the $4 and $5 zones. However, be careful if SAND loses the 3$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 3$ zone
🔴Buy : 3.2 - 3
🔴Sell : 3.8 - 4.4 - 5
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 3$ zone
🔵Sell : 3
🔵Buy : 2.6 - 2.2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
SAND, squeeze and breakout as a good buying opportunity. A key level of $3.28 can be highlighted on the SAND chart. At the moment, this level acts as resistance. The price has already tested this level several times, with each test the resistance is weakening. This means that a breakout might occur soon.
A squeeze and breakout could be a good buying opportunity.
Write in the comments all your questions and the instruments you want to see analyzed.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SANDUSDT 1D TA : Support ZoneIn the daily timeframe, the important support of the downtrend line is lost in the short term and is moving towards the support range. In this case, more loss can be expected by losing the support range. If you return to the uptrend line, there is a possibility of a return.
The analysis will be updated according to what happens on the support range.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SAND : GREAT PROJECT BUT NO ENTRY POINT FOR ME RIGHT NOW HEYY it's me again i hope you're doing great for today's analysis i want to let you know that the sand is a good project i am absolutely a big fan of it and il waiting with patince for the best entry point . as you can see in the chart i used the fib retracement to see how much did it lost from the las uptrend rally . and as you can see it lost already 60% of it's price but the thing im curious about and that made me really suspicious is that the price is aiming for a new lower low to complete the wave and cosnolidate a little bit then go for a new all time high not to mention that the RSI is showing an absolute downtrend until it reaches the areas of 20 or below then you can acces the trade carrefully don't buy with 100% of your capital . always buy on stages and trade on your own responsability . thank you and im all ears .
SAND (SANDUSDT) TA: 22.2.23 SAND is below the resistance of 3.4$ and is supported by the bullish trendline. If broken, the bullish trendline could go down to 2.24$. To move up needs to break the level of 4.65 and the downtrend.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 23.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
SANDUSDT(SAND) T.F(daily) T.A (2/23/22)📈📉 In the previous analysis we had two scenarios where scenario 2 happened Bear scenario:
Return from trend line and target 2.8570-2.2091
We have 2 more scenarios again
Scenario 1: Returning from the same support and breaking the target trend line (4.6963-5.2188)
Scenario 2: Breaking the current support range, then the target
(1.5352-1.0940)
⚠️ This Analysis will be updated ...
📊 #sandusdt (SAND )
💹 Time Frame : daily
👤 hosein alizadeh
📅 2/23/22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Dentusdt Short term and long termwe can see the price fall from the top to the last red line, any close below the last red line gonna take the price 40% down.
short term: one day close above the second red line we will visit the first and second green lines.
long term: one day close above the second red line we will visit the three green lines.
good luck.
Sand in Bull Flag$sand #sand Currently in what looks to be a bull flag on daily. .382 acting as resistance and if it can close above 4.42, should see a break to 4.85 that is .5 level that converges with HZ resistance. Bull Flag target lines up with next HZ resistance lvl.
Wait for confirmation.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!