SANDUSD
⌛🦜SANDBOX -Updated Chart w Key LevelsPrice has reached our target at just above 7$ and rejection was precisely ON TARGET!
SANDBOX is our Top of the List selection for the 'Metaverse/Game'' category, but MANA chart looks better technically at this very moment .
We expect 3 key levels to play out, 2 of them lower as you can see on the chart and a third one for a BUY STOP order (buying higher, over resistance).
SANDBOX:
There is a map to the treasure and you can check it out here: www.sandbox.game
You can check our view on MANA as well as AXS in our previous posts below.
MAJOR NEWS:
Sandbox Metaverse Alpha to launch Nov. 29 after four years in development and our information (which is usually right as we like to go deep into research) is that it is AWESOME!!!
Then again that's a personal opinion, now you know ours.
One Love,
the FXPROFESSOR 🏴☠️
⌛🦜SANDBOX - Breakout Complete and FAST! Thank you all for the Likes and the support, it means a lot and it's much appreciated. So please remember to Like it IF you like it.
SANDBOX has been great to us and to see +30% today came as no surprise. Check our previous ideas below to see how well our analysis worked.
Right now we see resistance though, so keep in touch for frequent updates.
This video will cover more assets as well as how we think about what and when we trade and post here.
One Love,
the FXPROFESSOR
SAND/USDT (WHAT'S NEXT)Good Morning, I'll try to make it simple this morning!
-First, we can see that we would have completed our 5 wave at 0.618 extension, we can see that the RSI and the STOCH on the daily we are in a big overbought zone
-The plan ? : A possible retracement at our 4.68 so I went into position at the 0.618 extension, with a short for the retracement.
- I would take our retracement from 0.618 to the level of 4.68-4.8
There is nothing else to add. We must keep in mind that we have just made our 5th wave and a retracement is necessary
SAND/USDT (EVERYTHING IS CLEAR (UPDATE)Hello from Canada, hope you have a nice day, today we can see that SAND / USDT just finished wave 4, as we can see on the chart, the bullish impulse wave just showed us the end of the wave 4 and the start of our final wave 5, I plotted a target of 0.618 extension after that we could see an ABC correction
Thank you and have a good trading session.
BULLISH SIGNAL : RSI IN 1D TF : 77 MORE ROOM TO GO TO THE UPSIDE
IT'S NORMAL THAT EVERY INDICATOR ARE IN OVERBOUGHT WE ARE IN ATH ZONE , EVERYTHING IS NORMAL
-Bearish signal : bitcoin can dump alt , but sand/btc still verry bullish .
thanks Crypto-Pro
TARGET OF THE WAVE 5 : 4,75 (15% PROBABILITY)
0.618 EXTENSION : 5.38 (70% PROBABILITY)
6.10 (15% PROBABILITY)
Keep an eye on SAND - we will se a bigger move soon!Here's a quick Look at SAND 1 hr chart. As we can see, the price has been forming a falling wedge and we could see a break the upside soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above 4.15$ with good amount of volume .
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The idea is: Buy when the price breaks above 4.15$ and take profits at the levels shown in the chart.
Targets:
1. 4.28$
2. 4.45$
3. 4.68$
4. 5$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SAND / METAVERSE / Middle of the BULL Cycle?I'm looking closely at the METAVERSE Phenomenon.
We have to take into consideration the project and also the development of this DIGITAL world which is far from the mass adoption yet.
It's good to keep an eye on it and look for potential investment opportunity in the NEAR future.
The Sandbox PennantThe Sandbox after the Bears did their best for a few days last weekend. Have the bulls managed to bring the price up quite a bit.
A price increase of 100% in 2 days. Of course, this also means that the market has to take a breather.
So we see on the 2 hour chart that the price reached a low of $2.30 last weekend after which a so-called Scallop (which looks like a half umbrella) appeared and gave the price an explosive upward run. Now we are in a pennant and I have mapped out various target targets based on the flagstick. Since the "scallop" causes an interruption in the flagstick on the 2H but on the day can be regarded as 1 whole stick, I will include this long version in a series of target points/targets. You can project the flagstick as a price target, and if you take a little more certainty about that, you measure it from the bottom pennant and with a little more risk at the top, with the idea that the measurement from the bottom can achieve its goal sooner. In addition to the long stick, I also measured the stick from the "scallop" and plotted it in the target point series. So you can say that from T1 to T5 the chance of success gets smaller and smaller.
Not to forget to always keep the bears in mind. Because if the price breaks out, I will first look at the $3.40 as support, but also take into account a return to the golden pocket region that will soon move towards the psychological 3 dollar.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
⌛🦜SANDBOX- Resistance now, then off to 7,3$ 🏴☠️We were expecting to post this sometime next week but SAND had a different opinion!
Despite the blood bath in the crypto market (BTC 6% lower today), Sand decided to explode and hit our target of 4,6$ which acted as resistance exactly as we expected! Check our previous idea here :
In other words, resistance now, price might drop a bit before it storms over this level and off to 7,3$
Technical analysis is simpler than you think..when married with the right fundamentals..pure magic!
One Love,
the FXPROFESSOR
SAND/USDT (WE MAY GO FOR A PULLBACK)
Sand/usdt outperformed btc in the last 4 days as i predicted, but wait a minute a cryptocurrency can't to the moon without some pullback or correction we can see that rsi 4h 1 days are in overbought .
Sand/usdt have been in a parallele channel , what we can see ( the most probability things is to see a break down to complete our 4 wave , we know that the RSI , STOCH are in overbought we are also in the end of wave 3 )
-What can we do now ? When we are going to see a breakdown of the channel we can enter in a short position with a sl in the middle of the channel to avoid any fakeout ....
-if we broke the channel to the upside the simple answer is that the 3th wave is not finish and we can see more upside in the next hour.
Thanks you for reading , have a good trading session on our thursday !