SAND long ideaIve been grappling as to what is happening with SAND today.
It is higher up on coinmarketcap, so i feel that when we do get a breakout it won't be as volatile.
Im suggesting two overhead resistance (diagonals). One is from more recent price action and the other goes further back, more macro. Im thinking that recent price action is more important, and therefore its actually the resistance line to the right (that we are yet to encounter, that is more important).
Looking to take longs in the box below, expecting some consolidation in price action before we see a break of the horizontal resistance and a rally to the overhead diagonal resistance line.
SANDUSD
SANDUSD ❕ the price came out of the descending channelSAND has broken through the upward descending channel.
The price is above liquidity.
Trading volumes have fallen as the decline continues.
TD Sequential has formed a reversal signal down (30m TF)
During the rise in price, a gap was formed (4H TF)
BB indicator shows that it is overbought (1H TF)
Price is above the major MAs (1H TF)
50MA broke up 200MA (30m TF)
I think price could retest the support level, but after it fixes above it will continue to bounce.
SANDBOX the last chance (bottom) and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
we
expect to see gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
The Sandbox (SAND) - June 17hello?
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(SANDUSDT 1W Chart)
Below 1.5294 is likely to be a mid- to long-term investment area.
So, whether it can move higher than 1.5294 is the key.
(1D chart)
In the short-term and medium-term perspective, it needs to rise above the 1.2907-1.5294 section to turn into an uptrend.
So, we need to see if we can find support and move higher above 0.7189.
An important volume profile section is formed around 0.2204.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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/usdtTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
With the recent events on cryptocurrency; I think we will start seeing less coins getting pumped and more of the solid coins getting attention. By solid, I mean coins that actually has a project and some kind of revenue coming in. Currently a lot of coins are back to prices of last year, if not, then lower. This makes it a great entry point for those that wanted to get in a few months ago, but thought prices were too high. Sand's (4th) wave count has retraced to the peak of wave (1) and bounced nicely. This is usually a good indication that the bottom is in. We don't normally enter wave 1 territory unless btc does something drastic. The market sentiment is still uncertain and people are fearful, which makes it a perfect opportunity for institutional investors to start investing.
SANDUSD ❕ expanding channelPrice has reached the upper boundary of the liquidity zone and is moving within an expanding channel.
SAND is testing the 100MA on the 30m Timeframe.
50MA has broken up 200MA on the 30m Timeframe.
I expect that price may rise after fixing above the upper boundary of the liquidity zone.
SANDUSD Buy Above Downtrend LineThis chart shows periods of sharp growth followed by a down period
So far the pattern has repeated twice
A third up move is up coming next if the pattern repeats again
This will most likely occur once price breaks the orange downtrend line
Price once upward break out will most likely reclaim the weak yellow uptrend
Weekly Chart
[ALTCOIN] SANDUSDT CRYPTO SIGNALS TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
The rebound came from the thick white upward trend, and like PEOPLEUSDT, the candle is rising after checking the bottom once more.
It will break through the downward trend of bold red and cross the downward trend of bold yellow after crossing the downward trend of bold yellow.
And if we go up to the upward trend of thick sky blue, we can go up to the position we expect.
The most important point is to test it after breaking through the thick red downward trend line and what kind of movement it shows.
[ALTCOIN]SANDUSDT FALLING WEDGEHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
#SANDUSDT FALLING WEDGE
It's a coin that our team is keeping a close eye on in the market now.
It has not gone down to a place that should never be broken, and the angle is low, but it is one of the few coins that still has an upward trend.
It is forming a downward wedge based on the 4h and I think it is almost at the end.
So I'm thinking about the painting that I'm raising, and first of all, I have to put it up through the resistance at the top of the most important wedge.
SAND - Falling Wedge bullish pattern?💎Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend?
💎The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a few more confirmations .................