Let's continue with Your Altcoin Choice. Some analysis can take a while, but all will be done.
The Sandbox is in a very good situation as shown on the chart. The price range marked with light blue is a long-term support and also a confirmed buy zone. The last wave, amounting to more than 375%, came out of this zone. After a correction and long-term higher low, SANDUSDT is ready to go at it again.
This chart shows potential for a "small wave" relatively speaking. Small in relation to the potential The Sandbox has for the full bull market. See this chart below:
Notice the big difference. This one has a total potential of more than 5,000%. This would include the bull market bull run phase which is not included in the first chart.
The previous bullish cycle, from November 2020 through November 2021 produced total growth of 29,371%. There was a stop, a correction between March and June 2021 lasting 87 days. After this the last bullish jump.
This is what needs to be kept in mind for this cycle. 87 days but much more growth happened afterward. With all the sideways action in these transition years, we get used to seeing a stop after just one wave. When the market is full blown bullish, this stop is only temporary and after it ends we get the resumption of the bullish wave.
We have been seeing sideways, the bull market is an uptrend. This is a big difference and something to keep in mind. Crypto will grow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.