SAND Sandbox: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for The Sandbox (SANDUSD).
The chart is self-explanatory. Price and RSI have been moving upwards and broke out of resistance areas. The price is in the 0.618 Fibonacci Retracement area where a Dead Cat Bounce may be possible. If it keeps moving upwards, be careful with the 0.786 Fib level where there is prior resistance as well as Ichimoku Cloud and EMA ribbon resistance. If price and RSI come back for a re-test and successfully re-test the line along with Volume support, that would be bullish.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Ichimoku Cloud, Volume, Fibonacci Retracement, EMA Ribbons, and Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
SAND
⌛🦜 SANDBOX - New BreakoutNew breakout for Sandbox, so time for our updated chart and targets.
NEWS:
Metaverse Crypto the Sandbox (SAND) Announces Partnership With World-Renowned Music Label:
Gaming altcoin The Sandbox (SAND) is unveiling a joint metaverse venture with one of the biggest music labels in the world.
In a new blog post, land-focused virtual reality crypto The Sandbox says that it’s partnering up with the world-famous Warner Music Group to create the first-ever music-themed world within the metaverse.
One Love,
the FXPROFESSOR
ps. market is volatile and we will depend heavily on how the Asian markets open tomorrow (in 26 hours). Stick around for frequent updates
SAND Bullish call for a swing trade?Looking at this chart, there could be an opportunity for a swing trade and a bull trap before returning to support or lower.
Scalping ranges may be the best way to play, stage, average into positions comfortably over 2022
Entering on weakness and selling into strength.
Being long Sand over the long term of 5+ yrs, there may be better entries and may consider dollar cost averaging while trading around a core position.
GTLA
Sandbox´s 6 tasks on the daily chartSandbox´s 6 tasks on the daily chart...
1. break the FIB golden pocket
2. break the RSI resistance
3. hold the OBV support
4. hold the FIB 0.786 and volume support
5. flip the MA Ribbon bullish
6. confirm breakout(s) and have fun 😎
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
MY MINIMALIST CHART ANALYSIS FOR SANDBOX01 .21.22
1224H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others.
Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI still midway down.
2. STOCHS towards LOW.
3. Volume still needs a spike of SUPPLY for BUYERS to TAKE, but I am afraid a lot of HODL at this point.
4. Looking at key support at 2.9 zone.
5. We can then expect a strong support at the 2-3, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX and the ENTRY AREA OF VALUE MARKER.
6. It did hit our forecasted Bearish FIB 0.618 and our measured move. On our way to a reversal of trend anytime.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume , Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
SAND/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
Market is very bearish right now, not only crypto but we can see a big fall from SPX aswell.
I believe that in the short term SAND is actually a good buy with support level being rejected and ready for a test to the 3.25$ resistance. In the mid/long term I believe that the coin will be below 2$ and thats gonna be a huge buy oportunity. For now the coin is extremely undervalued with a RSI below the 30 zone. In the 4H chart the coin has a bullish divegence so we can only expect the best. Comment your thoughts.
I started streaming on TradingView but I probably won't stream this week.
$SANDUSDT potential ShortWe all know that this crypto bounce came from nowhere and its way down to the bottom is not over yet.
The question is where will start the next leg down ?
I personally choose to trade ALT coins BASED 100 % on bitcoin chart. I repeat, I do not take any important decision on any alt coin before I check bitcoin.
I prefer metaverse and gaming alts because they are very hyped lately.
I believe the last leg down will be around 27-30k for bitcoin.
See my potential SHORT setup for SAND, 1/6 RR trade.
SAND, potential trade!A key level of $3.4 can be identified on the SAND chart. The price already tried to break this resistance level, but it was a false breakout, after which a small correction took place. The price is now heading towards the key level again, in case of a breakout of which there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
⌛🦜 SANDBOX - Time to Accelerate Again 🏴☠️☠Here is our updated take profit levels...remember to take profit on time this time or your suffering will continue eternally.
News:
The Sandbox announces $50M fund for its startup accelerator program
The Sandbox launched a metaverse accelerator program aimed at developing potential startups.
Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program.
The Sandbox Metaverse Accelerator Program will allocate up to $250,000 in investment to each potential project and will give additional incentives to top-performing projects. The bonuses include The Sandbox (SAND) digital asset and LAND, digital real estate within The Sandbox’s metaverse. Apart from this, the best-performing startups will also have access to additional investment grants and high-profile mentors.
According to The Sandbox Co-Founder Sebastien Borget, the program is an expansion of its goal to support a new wave of metaverse entrepreneurs. Through this, startups across the world can make their ideas come to life. “We’re especially eager to support underrepresented founders in their ambitions as they explore the infinite possibilities offered into The Sandbox ecosystem,” he said.
Between Mana and Sand, I prefers SANDBOX
One Love,
the FXPROFESSOR 🦜🏴☠️
SANDBOX- Probably a Great way to Buy this DipAfter roughly falling about 20% from the weekly high of $ 5.20, SANDBOX seems to be taking support at the level of $ 4.10. A strong buying opportunity is created by two support levels at this price range and it is very likely to bounce to the next resistance level of $ 4.75 – $ 4.85 in a rapid move. The price is expected to face strong selling pressure owing to the confluence 100 period moving averages along with the traditional resistance. If the bullish momentum is strong enough to give a close above $ 4.80 in a 4 hr candlestick chart SANDBOX would head for the previous $ 5.25 high, translating into a 28% upside movement from the current price level.
While there is a bullish outlook for the Sandbox price, a breakdown below the 100-day moving averages at $ 4.10 would point towards increased selling activities. A daily candlestick close below the demand zone’s lower limit at $3.85 may lead to a further decline and in that case, the price may take support at the crucial level of $3.00.
🔥 SAND Still Macro Bullish, But More Pain To ComeSAND has been getting hammered by the current down-trend, just like the rest of the crypto market.
However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the $38k area, so we have to be prepared for a further loss of value in the coming weeks.
In case that happens, I'm keeping an eye on SAND. The yellow area on the chart will most likely offer a lot of resistance, potentially even trigger a reversal of the long-term trend.
Happy trading!
SAND - Weekly Outlook ✅Let's see how SAND is behaving.
This is a Weekly chart.
The Fib retracement shows that the price dumped on the support level. If the price falls, even more, the support level might be around the $1.85-$3.2 area.
The market is showing SELL volumes for SAND.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that SAND is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $3.6
Let me know your ideas.
Good luck.
SAND CAN PUSH LOWER SAND can push lower from trend-line resistance to go lower for finish the correction.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#SAND #SANDBOX
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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