🏖️ SAND's Bullish : Descending Wedge BreakoutThe crypto seas are witnessing the rise of Sandbox's native token, SAND, as it navigates a bullish pattern amidst market dynamics. In this exploration, we dive into SAND's chart, unveiling a compelling narrative of a descending wedge and a strategic reaction to a weekly imbalance.
Chart Analysis: The SAND Dunes Unveiled
SAND's recent price action has painted a fascinating picture on the charts, with the formation of a descending wedge—a classic bullish pattern signaling potential upward momentum.
Key Observations:
Descending Wedge Overview:
SAND's price movement has been confined within the walls of a descending wedge.
This pattern, characterized by lower highs and lower lows, often precedes a bullish breakout.
Strategic Response to Weekly Imbalance:
SAND has exhibited a noteworthy reaction to a weekly imbalance point.
Imbalance zones often act as catalysts for price reactions, serving as pivotal levels for traders.
Critical Levels: SAND's Journey to $1.6
Wedge Breakout and Liquid Pool at $1.6:
The breakout from the descending wedge is a crucial milestone for SAND.
The $1.6 level marks a significant zone where a liquidity pool has congregated.
Potential Scenarios: SAND's Expedition to $1.6 and Beyond
Wedge Breakout and Momentum Surge:
A confirmed breakout from the descending wedge could trigger a surge in bullish momentum.
Traders are keenly eyeing the $1.6 level for potential liquidity-driven movements.
Validation through Imbalance Response:
SAND's acknowledgment of the weekly imbalance further validates the bullish narrative.
A combination of technical patterns and strategic reactions enhances the confidence in potential upside movements.
Trading Strategy: Navigating the SAND Dunes
For traders considering SAND in their portfolio:
Wedge Breakout Confirmation: Wait for a clear breakout from the descending wedge before entering positions.
Targeting $1.6: Identify strategic entry and exit points around the $1.6 level, considering the liquidity pool dynamics.
Risk Management: Implement effective risk management strategies, given the inherent volatility in crypto markets.
Conclusion: SAND's Ascent and the $1.6 Oasis
As SAND charts its course within the bullish descending wedge, the $1.6 level emerges as a potential oasis—a liquidity-filled pool awaiting exploration. Traders and enthusiasts are watching closely as SAND seeks to transcend its current patterns and dance to the rhythm of a potential bullish symphony.
🏖️ SAND Analysis | 📉 Descending Wedge Breakout | 🎯 $1.6 Liquidity Oasis
❗See related ideas below❗
Have your grains of SAND ready for the bullish tide? Share your thoughts, analyses, and predictions in the comments, contributing to the collective wisdom of the crypto community. The journey through descending dunes brings forth the promise of upward momentum for SAND enthusiasts. 🚀🏝️💚
SAND
SAND is ready for a deep correctionAltcoins that have a large market cap indicate that a correction is coming soon.
The SAND chart also seems to have completed its diametric wave F and we will soon see a drop for wave G.
We have a very large liquidity pool on the lower left side, which we marked with an arrow. It seems that the goal is to hunt this pool and then change the trend.
SAND target 0.564h time frame
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SAND is creating a potential bottom head and shoulders, the right shoulder hasn't been formed yet. Currently, 0.37 achieve the condition of HS, but shall notice another possibility that SAND go back to 0.35 to make the low of right shoulder.
I will provide another trading plan if SAND reach 0.35, and now we can follow this plan which targets as below.
TP: 0.56 / 0.66
SL: 0.381
SAND/USDT It required Break to continue Upward movement !!💎 SAND has indeed caught the market's attention with its remarkable ascent. It is currently facing a challenge in breaking through the supply area at $0.4, and there are clear signs of bearish rejection in this area.
💎 If it fails to break through this resistance in the near future, there's a possibility that SAND could decline and retest the demand area around $0.339 to gather new momentum. However, if SAND successfully breaks the supply area, it opens the door for further upward movement and the probability to reach our target in the supply area.
💎 In the bad scenario, if SAND retraces to the demand area at $0.339 and doesn't show signs of a bounce, it suggests a potential breakdown of the demand level. If this occurs, it indicates a bearish momentum, and there's a possibility that SAND may continue its descent, possibly returning to the strong support area.
🏝️🗺️ Sandbox Surge: Building Castles in the Crypto Sky 🚀 🏖️Sandbox has been playing in the sand for a while, staying quiet, but it's looking ready to sculpt a bullish masterpiece. 🎨 After a long, flat stretch where it seemed to be collecting seashells, we finally saw that breakout we've been beachcombing for. 🌊
The chart's telling tales of tides turning, with a breakout above 0.3783 hinting at bullish currents strong enough to carve new landscapes in the market. 🗺️ As for the next checkpoint in our sandbox adventure? I'm eyeing a sunny spot at 0.5932, where the sea meets the shore. ☀️
Just like building a sandcastle, this trade needs a blueprint. Keep your shovels ready and watch the tide—because if it swells, we could be riding the wave all the way to new heights. 🌅 And who knows? Maybe it's time for Sandbox to show the crypto world that playtime can be profitable. 🏖️
Remember, even in the sandbox, keep a playful eye on the bigger beach—that's where the real sandcastles are built. 🏰 Let's build our portfolios with the same joy a child brings to their sandy forts!
🏖️🚀🌊🎨🗺️☀️🏰News:
Let's delve into some recent headlines that are shaping its landscape:
🌐 This Metaverse Altcoin Announced Its New Fund - Sandbox is fueling innovation with fresh funding. Time to watch these digital grains of sand turn into gold? link: en.bitcoinsistemi.com
🛠️ The Metaverse's Future Shaped by Creators - Creativity is currency in the metaverse, and Sandbox is minting a new era where imagination is wealth. Link: www.cryptopolitan.com
🏍️ Valentino Rossi Races into the Metaverse: The Sandbox's Latest Power Move - The legend of the tracks brings his legacy into the sands of the metaverse, promising an exhilarating blend of speed and pixels. Link: en.cryptonomist.ch
💳 Mastercard Meets Metaverse: Spend NYSE:SAND with a Swipe! 💥
Big news in the dunes, folks! Mastercard's now letting you spend your NYSE:SAND tokens like you're shopping in the real world. 🌍💳 No more hoarding your digital treasure; it's time to swipe and let your NYSE:SAND flow. Link: www.coindesk.com
In the Sandbox, every grain could be a part of the next digital masterpiece. Let's keep our creative spirits high and our portfolios ready for the next wave of innovation. 🖌️🌅
Playful strategies and vigilant eyes - that's how we'll sculpt our success in the Sandbox. To prosperity and beyond! 🚀
🚀🎨🏰☀️🌊🌐🛠️🏍️🖌️🌅
One Love,
The FXPROFESSOR 💙
SAND/USDT Had a Good Run 🚀| What's Next for SAND?💎Yello, Paradisers! turn your focus to SAND/USDT. We've spotted some compelling price dynamics. A standout observation is the rejection from the bearish OB, shedding light on the asset's potential direction.
💎From our latest analysis, SAND has successfully broken away from a descending trendline, setting its sights upward. We're currently anticipating two possible scenarios:
💎The Sandbox might undergo a slight retracement, finding support and bullish drive from the demand level at 0.3386, with an aim to challenge the bearish OB once more.
💎If SAND faces challenges in holding its ground above the .3936 demand mark, it's likely to seek bullish support from the .3386 demand zone. Yet, if it drops below this level, bearish movements could be on the horizon.
💎Always stay alert and craft your strategies based on these potential outcomes. Refine your trading decisions for SAND with ParadiseFamilyVIP.
$SAND vs $MANANYSE:SAND vs EURONEXT:MANA
Boy was I wrong on #Sandbox. But that's why you cover trades at support, good move, as it ended up going much lower.
Both have been crushed during the bear market but @decentraland has outperformed @TheSandboxGame.
Compare the highs of NYSE:SAND vs EURONEXT:MANA & they're at a similar in price now!
Diluted mkt cap is better on NYSE:SAND 70% vs what it was before, last unlock was brutal, but not as good as EURONEXT:MANA 82%.
Still like both projects, final comparison:
MANA put in LOWER 2021 LOW
SAND HELD 2021 LOW
#P2E #P2EGame #crypto
SAND/USDT bullish momentum ? 👀 🚀 Sand Today Analysis💎Paradisers, turn your attention to SANDUSDT as it showcases a captivating trajectory. After a notable dip, it's firmly grasping a pivotal support level, hinting at an impending bullish surge.
💎 Not long ago, we noticed SAND reaching an overhead supply zone, only to face rejection and embark on a downward path. The recent substantial dip in the market, driven by a significant drop in BTC, impacted the upward momentum of many altcoins. In line with this trend,it experienced a decline, touching the crucial support at 0.2776, but is now regaining its bullish stride.
💎 Additionally, the emergence of a channel pattern is evident. A breakout from this channel could amplify the bullish momentum. However, if SANDUSDT struggles to sustain above the support zone, a pronounced downward shift is plausible. As always, strategize your trades meticulously.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
SAND/USDT Bullish Momentum ??? Break the resistance or Reject?💎 SAND has undoubtedly captured our attention, achieving a breakout from the Symmetrical Triangle pattern with a notable ascent. Currently, SAND is at a pivotal juncture, facing a resistance zone that needs to be overcome to maintain its upward trajectory. However, SAND has not yet initiated a downward movement for a retesting phase.
💎 For optimal entry points, we can await confirmation by observing either a breakout from the resistance zone or a pullback to the demand area. If SAND manages to breach the resistance promptly, it's likely to proceed smoothly towards its next targets, the supply zone, and the bearish OB region.
💎 Should SAND face another rejection at the resistance, it might enter a retesting phase at the demand zone. In such a case, SAND would require a definitive bounce to continue its attempts to shatter the resistance barrier.
💎 Failure to do so could result in SAND relinquishing its hold on the demand zone, indicating a potential false breakout and initiating a downward momentum. Consequently, SAND might seek support, potentially testing the resilience of a significant support area below.
SAND/USDT Ready for an Epic Bullish Journey | SAND Analysis💎Paradisers, focus your attention on SANDUSDT as it presents an intriguing trajectory. Positioned within a demand zone, it has seemingly established buying liquidity and is primed for a potential bullish surge.
💎SAND has been navigating a descending channel formation for an extended period. Recently touching the channel's support, it's now reigniting its upward momentum, fueling confidence in its ability to move towards our projected resistance level.
💎Nonetheless, it's imperative to stay watchful. If the price breaches the demand zone, there's a strong possibility it will revert back to the support level for a retest.
💎Refine your mastery of entry and exit points for Sandbox with ParadiseFamilyVIP. Delve into expert insights on SAND and other promising coins, enhancing your trading strategy.
SANDBOX ROADMAP ! (WAVES)Sandbox analysis from Badharek
Check my bio first.
In large time intervals, in large degrees of waves, we have one wave that has become diametric and another wave that seems to have a double structure.
In my opinion, this major correction will end when we reach the green area.
Comment if you have any questions
Thank You
TRADE ALERT - LONG MATIC, SAND, AVAXTraders,
As stated in an earlier post, BTC held my long-standing neckline at 25,200 and then absorbed the 26,500 price. With the hidden bullish divergence spotted on the RSI, the price now favors the bulls slightly. BTC.D continues to trend down and this gives the alts a good chance to follow the lead of BTC. So, as promised, I have begun to pick through a few entries that look promising. These entries appear to be ready to follow BTC because they mimic the hidden bullish divergence on the RSI.
Additionally, you will see they are all ready to exit a bullish descending triangle. All entries have a r/r of around 4/1. All entries will be shooting for the 200-day moving avg. as a target to start. As usual, this is subject to change pending price, time, and pattern scenarios and usually does. Keep an eye on my spreadsheet for those updates.
The first entry I have chosen is Matic. Entry .52 Target currently .82 and SL .46. R/R 4.1
Second SAND. Entry .30 Target .48. SL .25 R/R 3.8
Third AVAX. Entry 9.12 Target 14.11 SL 8.00 R/R 4.6
I will stick to my SLs and may adjust/exit should that RSI dip below the Hidden Bullish Divergence lines I have drawn.
None of this constitutes financial advice. I am an entertainer playing a public game and am simply demonstrating how I play.
Best,
Stew
TRADE ALERT - LONG SANDTraders,
Admittedly, I am making this trade partially because I am a little bored with this price action in the crypto space lately. But, SAND is oversold and it has been for a few weeks. I expect a pop anytime now.
Additionally, you can see we are still in a bullish descending triangle. Now, in a bull market, this would be highly bullish to exit. However, I have learned that an exit from these triangles rarely plays out the same way in a bear market. Therefore, I will be happy to simply touch that 50-day ma at around .37 cents. I will make that my target. Stop out will be .28 cents. And my entry was around .30 cents. We’ll see how this goes.
Best,
Stew
SAND is about to go ballistic!Sorry for the clickbait title but I am feeling the vibe on this one. I know, I know. Targeted by the SEC as a security. But, on the other hand, one of the tokens legalized by the Hong Kong market. Outside of debates regarding fundamentals, let's dive into what the technicals seem to be showing us!
First, take a look at the beautiful triangle! Dang son, it don't get much better than that yo!
Now, look down there at that RSI. See that red TL? Pop, pop, ...and POP. At every touch you can bank on cash.
Incidentally, this third touch will coincide with a touch of the bottom of our triangle. And, just below that, a very important support.
This is an easy bet. I have entered at 37 cents ish and will hold till at least 53 cents with the remaining balance to 58 if I don't get stopped out first.
I will be moving my stops up as we go as always.
Best,
Stew
SAND is Preparing For a Bullish Movement | SAND/USDT Analysis💎 SAND is currently charting its course within a defined triangle pattern, characterized by clear support and resistance demarcations. Here's a breakdown:
💎 Defined Boundaries: The triangle showcases consistent interactions at its support and resistance boundaries, emphasizing their role in shaping SAND's trajectory.
💎 Anticipated Breakout: As SAND approaches the triangle's resistance, market participants are watching keenly for potential price shifts.
💎 Breakout Potential: Should SAND pierce and sustain above the resistance, it could trigger a significant bullish wave.
💎 Bullish Catalyst: A successful triangle breakout could stimulate increased buying activity, driving SAND's price upwards.
💎 Technical Backing: This bullish narrative is complemented by other technical indicators, adding weight to the optimistic view.
💎Always ensure you undertake thorough research and due diligence before committing to any investment moves.
SAND Token Unlock Alert: Analyzing Price ProspectsSAND Token Unlock Alert: Analyzing Price Prospects
The Sandbox (SAND), a blockchain gaming platform, is on the brink of a significant unlock event.
On August 14th, approximately 372 million SAND tokens, accounting for 18.1% of the total supply, are set to be released for trading. This has ignited discussions about potential price implications.
Unlock Dynamics: Token unlocks release previously restricted tokens. In this case, 71 million tokens go to the project team, 37 million to the foundation, and the remainder to consultants and reserves.
Historical Patterns: Past SAND token unlocks have historically resulted in price declines, sparking concerns about the stability of SAND's price.
Volatility and Range: Current indicators indicate low volatility, suggesting minor fluctuations within the $0.38 - $0.42 range. The Awesome Oscillator (AO) is positive but signals a weakening bullish trend.
Technical Indicators: Technical signals reveal potential pre-unlock selling opportunities, mirroring past events that generated significant selling pressure and led to a possible price drop to around $0.30
Trader Sentiment: In contrast to worries, the derivatives market reflects a bullish sentiment. The long/short ratio at 1.05 indicates a majority of traders are leaning towards long positions, reflecting confidence in SAND's performance.
Conclusion: As The Sandbox approaches this crucial token unlock, historical trends, technical signals, and trader sentiment paint a complex picture of potential price movement. Amidst historical dips, the current low volatility and positive derivatives market might counterbalance immediate downward pressure. All eyes are on SAND's journey post-unlock.
Stay tuned for updates as we navigate through this period of uncertainty.
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Thank you.
SANDUSDT's Trendline Break: A Path to 81% Gain?💎#SANDUSDT has recently showcased a double bottom pattern on the daily chart, coinciding with the price reaching the lower boundary of the declining channel. This alignment with support triggered a decisive bounce, reflecting strong demand.
💎Following this upward movement, #SAND entered a consolidation phase, remaining under the influence of the long-term downtrend trendline. However, the price has now approached a critical support level, marked by the 61.8% Fibonacci retracement at $0.3900. The ParadiseTeam's focus is now on this level, as holding it, coupled with a break above the downtrend trendline, could significantly amplify buying pressure. This scenario presents an attractive risk/reward opportunity with a high likelihood of success.
💎After breaching the trendline, the price has the potential to reach the 38.2% Fibonacci resistance, aligning with the 200 Simple Moving Average. This translates to a growth potential of 44%. But the prospects don't end there; if #SAND surpasses the 200 SMA, the next target could be the 61.8% Fibs, offering an impressive 81% gain.
💎On the bearish side, temporary dips below the current support at the 61.8% Fibonacci level may occur without negating the bullish outlook. However, a price drop below the $0.3310 low would serve as a warning to buyers.
💎Ladies and Gentlemen of ParadiseClub, stay tuned as we navigate the dynamic world of crypto, where staying informed and adaptable is key. Happy trading! 🌴