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SANDUSD

SAND Forms Symmetrical Triangle As Bulls Attempt A Bullish Break-SAND has fallen nearly -20% over the last week
 -Price has formed a symmetrical triangle -45 MA is acting as resistance

 The Sandbox (SAND) has exploded in popularity & users over the last year thanks to the ongoing NFT boom. Virtual artwork, game figures, documents, & much more has grown in great amounts over the last year as more and more people show their interest in the rapidly growing metaverse. The Sandbox is a blockchain based virtual world that allows users to create, build and sell digital assets in the form of a game. SAND effectively combines the power of decentralized autonomous organizations (DAO) and NFTs which creates a decentralized gaming platform. 

Over the last few weeks, SAND has formed a wild rainbow-like structure as price pushed over a dollar & then fell to around $0.60. This movement has also formed a symmetrical triangle (shown in blue). Each time price has attempted a breakout of the top trend, it has failed as bears pulled price back into the triangle. Just over the last 4 hours, SAND has managed to break to the upside of its triangle as it heads towards the major resistance of $0.793. If bulls manage to hold this mark, expect price to head towards the next minor resistance of $0.846. If SAND manages to hold this bullish breakout, price may be on its way back to $1.00. There are many resistance along the way but judging off the movements of other altcoins, SAND may be in position to break towards a new all time high. Although, we must take note of the potential scenario where this is a false break similar to what happened back on September 4th. If bears assert more control & pull SAND back into its triangle, it must hold its bottom trend or it may be in for another fall to the downside. SAND must hold its major support of $0.719 or its in for a major fall. 

 While looking at the Stochastic RSI, we can see that strength is heading towards the overbought region above the 80 value. If strength continues within this zone, we should expect SAND to continue this bullish breakout. The MACD has been coiling below the 0 value & is primed for a bullish breakout to the upside. 
SAND Intraday Analysis Spot rate: $0.77 Trend: Neutral Volatility: Medium Support: $0.756 Resistance: $0.793
by CoinGape
Sand - second wave done ❓😱There is a bearish structure on the Sand chart. As I wrote in the last idea, the market could make another wave of decline. It could gain liquidity and then go up. Globally, we are still in a bullish cycle. The price has now broken this structure and is about to test it as resistance. If that happens, it could be a good opportunity for local selling. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
1
SAND about to make a big move! Keep an eye on this! Here's a quick look at SAND 1 hr chart. As we can see, the price has printed a symmetrical triangle and is very close to breaking to the upside! Keep an eye on this! We could see a breakout very soon! The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone 1. 1.06$ 2. 1.11$ 3. 1.19$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
sand is comingWhen you want to tag an amateur and tell him to buy and explain everything to him :)) My work was very funny, I know, but it works When you want to tag an amateur and tell him to buy and explain everything to him :)) :)) My work was very funny, I know, but it works When you want to tag an amateur and tell him to buy and explain everything to him :)) My work was very funny, I know, but it works :)) My work was very funny, I know, but it works When you want to tag an amateur and tell him to buy and explain everything to him :)) My work was very funny, I know, but it works :)) When you want to tag an amateur and tell him to buy and explain everything to him :)) My work was very funny, I know, but it works :)) My work was very funny, I know, but it works When you want to tag an amateur and tell him to buy and explain everything to him :)) My work was very funny, I know, but it works
Long
by ttcompanyy
SAND-USDT Long view (Gaming tokens rise)Hello all!👋 I was just looking at a chart of the popular gaming token owned by Animoca brands (SAND) 🔥 from the Sandbox virtual game 🕶🕹🎮📺 To me we seem t o be gaining support at the daily 0.618 Fib level and if this momentum in the market continues, I think gaming tokens such as SAND c an easily reach more great targets. (Gaming tokens during this time of extreme inflation , have been seeing substantial bullish price action) 🐮💲 Target depicted above is based on impulse wave extension. 🌊🆗 This is never financial advice, just my current view. 🐶 Coinmarketcap.com info : Market Cap $581,570,004 28.16% Fully Diluted Market Cap $1,976,801,702 2.08% Volume 24h $199,465,577 34.88% Volume / Market Cap 0.3424 Circulating Supply 882,592,326.22 SAND Good luck! Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss ✋🛑💲 set🆗 Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay ☯
Long
by jazerbay
23
Potential Boost coming for SANDOn a higher Time Frame, SAND is moving in a symmetrical triangle and on a lower TIme Frame, it is moving in upward channel. Also it has found strong support on 1 Day 20 EMA. So there are two potential scenarios here. Scenario 1 (Black path) - SAND to move in an upward channel and break above Upper part of the symmetrical triangle Scenario 2 (Red Path) - SAND to break below current channel and then find support on 1 day EMA before continuing its journey up. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by Manjyot
1
The Sandbox (SAND) - July 21Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SANDUSD 1W Chart) If the price is maintained above the 0.22077588-0.24697999 range, we expect the uptrend to continue. (1D chart) If the price is maintained in the 0.35780143-0.46672461 range, it is expected that the upward trend will continue. However, it is important to break out of the downtrend line. If it falls from 0.35780143 point, Stop Loss is required to preserve profit and loss. However, it is possible to touch the 0.19441666-0.24887825 section and rise, so be prepared for this. It should move above the 0.52118620 point to accelerate the uptrend. ------------------------------------- (SANDBTC 1W chart) If the price is maintained above the 605 Satoshi-787 Satoshi range, it is expected that the upward trend will continue. (1D chart) It remains to be seen if the 1240 satoshi-1380 satoshi section can support and rise. If it drops from the 1240 satoshi point, it remains to be seen if the price can be maintained at the 955 satoshi-1240 satoshi district. If the price holds above the 955 Satoshi point, it is expected to maintain an uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:SANDUSD
by readCrypto
2