DESCENDING TRIANGLE SANDBOX 4 HOUR!! Folks,
We can analyze a lot how we want and try to understand as much as we can... but ' sometimes' trading can be unfair.. But that are all lessons..
We see here SANDBOX on its way to construct a Descending triangle. Most often than not this is a bearish pattern. It doesn't mean that prices are going to decline. NO.
But there is a high probability..
Still have a good feeling in Sandbox. We just have to be patience. I see it positive because if prices drop we have opportunity to buy in lower.
Make sure you have set your stop loss and be patient.
Sandboxusdt
SANDBOX HOLD ON WAIT FOR ME!!!Folks,
This sandbox/usdt chart I expect a lot from today..
We must manage to hold this support level and prices above 50 day MA --> than we are bullish and expect higher prices..
This decline is purely profit taking from yesterday..
The bearish engulfing pattern is not something to become scared by.. While writing this a DOJI is getting formed at a low price area/Support.. that's good if it closes like this. That CAN be the 1st sign of reversal.
The half of the black candle of the bearish engulfing pattern becomes resistance and I want to see a price close above this middle.. that is an confirmation of higher probabilities of higher prices..
Read the rest in the chart..
Have a good trading day..
See my other charts/opinions in my list.. Like my opinions style of technical analysis make sure you follow for lots more to come!!
Want me to analyze a chart for you??
Leave a comment below or dm..
Like the content and follow. LOVE!!
UPDATE SANDBOX... READY TO MAKE MONEY??Folks,
Getting interesting now!
in my post before this one I said aggressive traders can step in now.. and that was at $0.59.- when the candle was a small body and now turned in to a medium body..
Price is testing it's support now (the close price of the white candle).
If we hold this level than we can make gains upwards.. otherwise we will test, as it already has done, 1st support area again.
Did you know that when traders talk about edges in trading, that it consists of;
1. Portfolio selection
2. Entry
3. Exit
Most important part is 3 in my opinion..
Because when you are right you must have a target price to take your profits and be satisfied with it.. my experience learns that when you don't have a target price and you will make profits eventually you will stay with less in your hands than when you would have a target price.. because emotions sets in and you get more creedy when it seems that you are right and than karma sets in. EXPERIENCED!!!!
But when you are wrong in a trade you want to know that as quickly as possible.. So beginners don't trade more than 0.5/1% per trade of your total trading account!
ELLIOT WAVE COMPLETED???? Folks,
I have my eyes on Sandbox to make massive gains in the short future.. We see hopefully the Elliot Wave being completed.
To be confirmed we have to close above the red resistance line I draw. This means a close above the long black candle moving downwards..
Most likely after an Elliot Wave has been completed the overall prior trend will resume..
In this case we go back up again!
Aggressive traders can take their positions..
For more conservative traders they will wait for confirmation.. and that's a close above the red line (close above the black candle)
FASTEN YOUR SEATBELTS and be ready to take-off..
ASCENDING TRIANGLE BREAKOUT GET IN NOW!Hi folks,
Sandbox was flying high lately. There has occurred a ascending triangle.
The uptrend line has been tested many times before and has stood the test. We seeing it being tested now!
This testing of the uptrend is also forming a higher low in a bullish market.
As the RSI has declined lately It has formed a possible bottom. And momentum is searching for direction.
A beautiful low risk opportunity is here. I will use a tight stop loss at 1st support line.
So I risk $0.6350 (actual price) - $0.6100 (stop loss) = $0.0250
To win
1st resistance line $0.6350 - $0.7550 = $0.1200
$0.0250 x 5 = $1.1200 (plus minus) That is a nice risk/reward.
I put my bets!!
Battle between life and death!! Gooooooooodmorning Folks,
Greetings from Amsterdam.. Woke up this morning opening Tradingview and got my mind blow up with all these GREEN numbers on crypto..
Everybody happy again.. Control your emotions these days and try to look critical to the charts as you always do and really ask yourself what you see while looking at the charts.
Well yesterday I posted my idea on Sandbox/USDT.. With a possible retracement of 30%.
Well the battle is on..
Personally I like the 4 hour chart. Because I have the idea it gives me more insight than a daily chart (how the battle is fought throughout the day) and less rumor than 1 or 2 hour chart.
At the first top I see a Dark cloud cover pattern (the big white and half black candle) this is bearish.. Price fell back to 1st support line.
Than
Price rallied back up because of the Bullish Engulfing pattern.. BUT immediately you see a big black candle rejecting higher prices.. And then the BEARISH ENGULFING PATTERN sets in.
and now we are fighting 2nd support line.
Personally my feeling says support line will not hold seeing all those bearish signals.
For example look at those high shadows on every candle even the white ones.. that is not positive..
Every bullish signal is followed by a bearish signal.. That is not positive.
But hé I can be wrong because you don't know after it has happened.. But the signals are turning more bearish than bullish.
So watch out.. if you have a position in Sandbox maybe you can cut down on the position, or use trailing stop order..
Quote of the day;
No one is born a great trader. One learns by trading.
Sandbox 30% retracement WATCH OUTHi Folks,
As I have learned a lot lately one thing always crabs my mind in how special it really is.. The symmetricals in Technical Analysis and what happened in the past often re-happens in the future..
So If you want to know what the future may hold look back in the past..
With this lesson in mind I reviewed The Sandbox/USDT pair.. I am very interested in buying (as I missed the early opportunity).. I now wait for a nice price to step in..
The price has already retraced many times before and that is normal.. Do you know that a normal % of retracement/correction lays between 33-66 % of the price that rallied..
Thereby we see some HIGH WAVE candles forming at the top..
You see the pink rectangle area where I expect the price to drop to. It can even go lower or maybe it will stop just above the rectangle area. At least that's is the price target..
Like the content and follow for more to come..
Together we can become better traders.
Update 27/04/21 The Sand Box (SAND) New ATH 126% Gain Update 27/04/21 The Sand Box (SAND) New ATHs $1 dollar very very soon. 126% Gain from Buy Zone 1 where the 13 EMA crossed up above the 50 SMA. See previous analysis below :)
The Sand Box (SAND) Update 25/03/2021
Since reaching a new ATH @ $0.79 on 13/03/21 SAND has been consolidating after retracing down 36% from this ATH to $0.50 in just 4 days from this new ATH . It has been sitting in this beautiful range between 78.60% to 61.80% showing us signs of a weak retracement as we wait for the Bulls to come back into the market to push the price higher. Although some selling pressure has been present, a triple bottom has formed giving us confidence of a bullish sentiment at this key resistance level and we expect the price to continue to climb and the Bulls to take control as we search for a new ATH @ 127.20% Fibonacci level. Be patient, use the Buy Zones to map out your buys or DCA to accumulate. There is very high probability of setting a new ATH @ $0.96 after testing the previous high @ $ 0.79. A potential 69% Gain from the 61.80% Fibonacci level here. Happy trading :)
*Update from March 15th 2021
Buy zone or use the 78.60% Fibonacci level as a buy limit @ $0.579. The Sand Box (SAND) is still looking parabolic and is still in search of new ATHs. Since the 13 EMA crossed up the 50 SMA signalling a buy signal, the price of SAND has gone up by 190% from $0.20 to $0.68 in just over 2 weeks. Since this huge move towards the upside we have still not had a big correction in price, so if you would like to buy in, use the buy zones to map out your buys. Potential 50+% gain to the 127.20 Fibonacci level. Our next price target at the 161.80% Fibs is $0.99 (70% Gain), we could see $1 SAND before the end of the month with the current momentum to the upside.
Buy zone 1 @ 78.60% Fibonacci level, enter here.
Key Notes:
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community. *
The Sand Box (SAND) New ATHs $1 dollar very very soonThe Sand Box (SAND) Update 25/03/2021
Since reaching a new ATH @ $0.79 on 13/03/21 SAND has been consolidating after retracing down 36% from this ATH to $0.50 in just 4 days from this new ATH . It has been sitting in this beautiful range between 78.60% to 61.80% showing us signs of a weak retracement as we wait for the Bulls to come back into the market to push the price higher. Although some selling pressure has been present, a triple bottom has formed giving us confidence of a bullish sentiment at this key resistance level and we expect the price to continue to climb and the Bulls to take control as we search for a new ATH @ 127.20% Fibonacci level. Be patient, use the Buy Zones to map out your buys or DCA to accumulate. There is very high probability of setting a new ATH @ $0.96 after testing the previous high @ $ 0.79. A potential 69% Gain from the 61.80% Fibonacci level here. Happy trading :)
*Update from March 15th 2021
Buy zone or use the 78.60% Fibonacci level as a buy limit @ $0.579. The Sand Box (SAND) is still looking parabolic and is still in search of new ATHs. Since the 13 EMA crossed up the 50 SMA signalling a buy signal, the price of SAND has gone up by 190% from $0.20 to $0.68 in just over 2 weeks. Since this huge move towards the upside we have still not had a big correction in price, so if you would like to buy in, use the buy zones to map out your buys. Potential 50+% gain to the 127.20 Fibonacci level. Our next price target at the 161.80% Fibs is $0.99 (70% Gain), we could see $1 SAND before the end of the month with the current momentum to the upside.
Buy zone 1 @ 78.60% Fibonacci level, enter here.
Key Notes:
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community. *
The Sand Box (SAND) is still looking parabolic New ATHs The Sand Box (SAND) is still looking parabolic and is still in search of new ATHs. Since the 13 EMA crossed up the 50 SMA signalling a buy signal, the price of SAND has gone up by 190% from $0.20 to $0.68 in just over 2 weeks. Since this huge move towards the upside we have still not had a big correction in price, so if you would like to buy in, use the buy zones to map out your buys. Potential 50+% gain to the 127.20 Fibonacci level. Buy zone 1 @ 78.60% Fibonacci level, enter here.
Key Notes:
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
THE SANDBOXi follow this NTF Gaming project from the time they launched it on Binance, i was waiting some confirmations to be sure it was a good one. now i am convinced it will grow up more.
First lest see what is SAND :
The Sandbox claims to be a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. It is claimed that players can create digital assets (Non-Fungible Tokens, aka NFTs), upload them to the marketplace, and drag-and-drop them to create game experiences with The Sandbox Game Maker. It is further claimed that The Sandbox has secured over 50 partnerships including Atari, Crypto Kitties, and Shaun the Sheep to build a fun, creative “play-to-earn” Gaming platform, owned and made by players
Trading Parts :
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- Buy Zone 1 : 0.30-0.31 (30% of your capital invest on this trade)
- Buy Zone 2 : 0.24-0.23 (add more 70% invest)
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- Take Profit : 0.589
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- Stop Loss : 0.195
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Like always be safe and check BTC King movements !
Happy Tr4Ding !