Sandbox
Sandbox (SAND) and the $2.70 markSandbox (SAND) and the $2.70 mark
At this price level the volume in the first half of November 2021 was by far the biggest.
See how the price reacted so far at this level.
Good accumulation point on the one hand... bad if we loose this support on the other hand.
Who would buy here dear Crypto Nation?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Keep an eye on SAND!Here's a quick Look at SAND daily chart . As we can see, the price has been forming a bigger descending triangle and the price is at the apex of the triangle! The price is very close to a bigger break either way. The best entry would be, when the price breaks above the 3.05$ with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
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The idea is: Buy when the price breaks above 3.05$ and take profits at the levels shown in the chart.
Targets:
1. 3.4$
2. 3.75$
3. 4.4$
4. 5.5$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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The client is only available for Windows in beta, with the developers welcome any feedback while more operating systems will come shortly."
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SANDBOX bullish long-term? Maybe.Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
Sandbox has fallen since march to reach important support level. However, end of this month could be bullish due to several factors
1- SAND fell to the important level of support 2.67, then bounced back up strongly.
2- The RSI indicator showing SAND has been oversold by reaching under 30 index twice in a single week.
3- The down trend-line along with the upper trend line of the RSI indicator indicates a possible breakout.
4- Finally, NFTs still on fire!
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
SANDBOX Bearish?!Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
The candles have almost formed a bearish head and shoulder pattern suggesting a bearish rally to 2.65 strong support level.
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
The Sandbox (SAND) - April 10hello?
Traders, welcome.
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Have a nice day.
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(SANDUSDT 1D Chart)
(buy)
- After confirming the support in 3.0743
(Stop Loss)
- When it falls below 2.7 and receives resistance
(Sell)
- When resistance is received in the section 4.0944-4.3942
- When receiving resistance near 5.4081
A move above 3.0743 is expected to result in a sharp move.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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SAND🏖️ out of the box📦Sandbox seems to be breaking up out of this triangle 📐 and if successful I think there is chance for run to 5.4 and even higher.
ENTRY : local high @ 3.362
STOPLOSS (SL) : local low @ 2.99
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 5.4
REWARD RISK RATIO (RRR) : 5.0
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Will Bears Continue Hodl Gas Peddle? Weekly Time-frame
Filling the previous candle up to $44,206.
We are about to test the demand zone and pump from there. We are still in the bearish market.
1D Time-frame
Bearish engulfing pattern is a super bearish candle. We can expect more to the downside from here. High Volume Node in VPVR is the only thing that prevents the drop at the moment. but it will break soon.
We touch the EMA Ribbon Support Area which bounce us for a while. We will see if we can break this Support Area. AO is still in correction retracement area.
4H Time-frame
We are now below EMA Ribbon and also bellow the Ichimoku Cloud which is Bearish. Awesome Oscillator (AO) just printed a negative volume which is also bearish. Supply Zone is waiting at $45,500 to $45,137 after a retest then goes down again.
1H Time-frame
BTC Short Position
entry within this range $45,722-$45,137
leverage 10x
stop loss 1-5% whole portfolio $48359
use 1% portfolio per trade only risky trade.
TP 1 $44,567
TP 2 $44,190
TP 3 $43,548
TAYOR
DYOR
NFA
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.