SANDUSDTSand has broken above the falling trendline and formed a Marubozu close candlestick pattern, which is a bullish sign. It has a bullish divergence on the daily chart as well (the divergence is a bit weak). It needs to attract some volume which, in my opinion, will increase once it closes a daily candle above 3.38. You can either enter now (a bit-risky although) or after it closes above 3.38 for the target of 4.43 and 4.82.
SAND
Time to get excited?Here's a quick Look at SAND daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above the 3.45$ with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
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The idea is: Buy when the price breaks above 3.45$ and take profits at the levels shown in the chart.
Targets:
1. 3.85$
2. 4.4$
3. 5.7$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SANDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has moved down to the support zone. There are two scenarios. The price can go up to the first resistance and if rejected, it will move back down and if broken, it will move up to the next resistances where you can save profit. If the support zone is broken, it will fall further.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SAND Potential Swing Long Set UpThe first and second green fib retracement lines will be the entry zones. Depending on the market in the following weeks and months, Sand could potentially come back down to retrace the 0.5 level or even the 0.618 in which new entries could be placed.
The purple fib levels will be your take profit. Take note, in the scenario in which price actions of sand goes up without hitting the purple take profits fib levels, take some profits.
A SHORT TRADE FORMING IN SAND FOR INTRADAY LEVELSBy the looks of it, SANDUSDT is forming a good trap for buyers. If everyhting goes my way, then I think that we might see a false breakout of the current resistance level at 30 min timeframe, makes a bullish candle in order to trap buyers to enter a LONG position.But the problem is that there is a continuing resistance trendline which started from 9th March. What I think is that SAND will take resistance from there and I am planning of entering a short trade whenever the right time comes and with a decent Stop Loss.
If u can relate to my planning, then please Like, share and follow my channel. (NOT A FINANCIAL ADVISOR)
THANKS (:
IS THE SANDBOX MADE UP OF QUICK SAND? (BUY ZONES!!!) METAVERSEGreetings Investors!
Today we consider the trading pair SAND/USDT
Alright, Lets begin!
Sand has seen impressive price growth since it's listing back in August last year, forming an Ascending Channel that price has continued to respect each time it has been tested.
Question is, will it respect it this time?
Taking a Look at our RSI, a bottom formation started to form while also creating an accumulation range in price action, and confirming with a second bounce on rsi support before a breakout from the range. Growth was 1537% from above the range.
Soon after, Sand will go on to form Resistance for it's current channel (both on price and RSI) marking a top and confirming it with a mini acuumulation in Price and RSI(blue circle), before getting rejected bact to the channel's support, breaking below the 50 level rsi as well as it's trendline and confirming a bottom with multiple bounces in the oversold region.
Finding a bottom on wave 2 correction, Price seems to be replicating the same pattern on the RSI and price action after a wave 3 top.
Each accumulation range from breakout to top had diminishig returns, hence multiple range forecasts shown depending on if it's time to go down or if we test resistance one more time.
ENDGAME:
Wait for price to either return to RSI oversold region or Channel support for Buying action.
ATR Bands suggest a sharp move is incoming as well.
Should the two not sync this time around, do not rule out Fifth Wave Extension Bottom Scenario.
If you agree with this idea, Please leave a like & share🙏 as well as your thoughts in the comments section.
As always, feedback is appreciated🙏
NOTE: DURATION OF WAVE FORECAST MAY BE INACCURATE!
SAND LONG FINISHING PATTERNSand bounced off of a support 3 times, and is at the end of a flag pattern, after break out we should see retracement to the 50% fib zone.
Aroon: On a daily time frame we see orange line crossed a blue one which shows start of a bullish trend.
MACD: We are already seeing light red candles which indicates bullish movement gain.
Bollinger band: We just bounced off of a bottom Bollinger band which indicates bullish trends start.
Entry: 2.97
Invalidation: 1.95
Target: 5.38
SAND Short SetupSAND Short Setup
Sell Momentum
Please noted this setup is HIGH RISK because its already hit fibo 1,68 (Take profit of sell momentum area)
Entry:
Sell market high risk
Sell limit 4.2082 - 4.3809
Target:
TP1 4.0355
TP2 3.7561
TP3 3.3040
Stoploss:
You decide
Always do your own research!
SAND UPDATE: A 70% RALLY, SOON.Welcome folks to my new update on SAND/USD.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Talking about SAND/USD, the current position is close to the lower trendline and for your information, the last time when SAND hit this trendline, it bounced back and rallied up to 78%. This time SAND can make a similar move only if it manages to hold the $2.65 support level. I am expecting a 70% rally if the market gets bullish. We have a lot of events coming up for SAND which is huge.
So, let's keep an eye on this. I am gonna buy some on spot for now and in futures after confirmation.
What do you think about SAND? Will it rally 70% or get rejected?
Let me know your views in the comment box.
I'll see you guys on my next update until then trade safely.
Thank you.
⌛🦜 SANDBOX Targets: 3,8$ and 5,4$ 🏴☠️☠Our updated chart on SANDBOX.
3,8$ and 5,40$ are our targets for the next months.
The project is great. here are some news about it:
Snoop Dogg Drops 10,000 Playable Sandbox Avatar NFTs – Mint a Unique Doggie and Explore the Metaverse in Style
Gucci is doubling down on its commitment to the metaverse.
The designer clothing brand announced on Wednesday that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox.
Sounds and looks good to me, fundamentally and also on the chart. Time to go higher again? Why now!
One Love,
the FXPROFESSOR
🆓The Sandbox (SAND) Mar-02 #SAND $SAND
SAND has conquered the $3.2 zone and the $3 zone has become the hard support of SAND at the moment. In the near future, SAND may move to the $4 and $5 zones. However, be careful if SAND loses the 3$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 3$ zone
🔴Buy : 3.2 - 3
🔴Sell : 3.8 - 4.4 - 5
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 3$ zone
🔵Sell : 3
🔵Buy : 2.6 - 2.2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
SAND, squeeze and breakout as a good buying opportunity. A key level of $3.28 can be highlighted on the SAND chart. At the moment, this level acts as resistance. The price has already tested this level several times, with each test the resistance is weakening. This means that a breakout might occur soon.
A squeeze and breakout could be a good buying opportunity.
Write in the comments all your questions and the instruments you want to see analyzed.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SANDUSDT 1D TA : Support ZoneIn the daily timeframe, the important support of the downtrend line is lost in the short term and is moving towards the support range. In this case, more loss can be expected by losing the support range. If you return to the uptrend line, there is a possibility of a return.
The analysis will be updated according to what happens on the support range.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark