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SAND

SANDBOX | Good Time to Buy?Entering the year 2022, the market sellers took an upper hand over the SAND price. The pair was rejected from the $7 mark and lost 34% of its value by dropping to the $4.48 mark. The price has recently plunged below the 0.5 FIB level, indicating the token could extend the correction phase. Previously when we covered an article on Sandbox token, this pair was riding its 2021 Christmas rally. However, the price couldn’t pass the $7 mark, and by experiencing a strong supply, the token was immediately rejected with an evening star pattern. The recent bloodbath in the crypto market added to the ongoing selling and dropped the price even below the 0.5 Fibonacci retracement level. 𝐓𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐡𝐚𝐬 𝐞𝐧𝐠𝐮𝐥𝐟𝐞𝐝 𝐭𝐡𝐞 𝟐𝟎 𝐚𝐧𝐝 𝟓𝟎 𝐃𝐌𝐀 𝐥𝐢𝐧𝐞𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐭𝐡𝐞 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐭𝐫𝐞𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐚𝐬 𝐢𝐭 𝐢𝐬 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐛𝐨𝐯𝐞 𝐭𝐡𝐞 𝟏𝟎𝟎 𝐚𝐧𝐝 𝟐𝟎𝟎 𝐃𝐌𝐀. The Moving average convergence divergence indicator projects the MACD and signal lines have just dropped below the neutral zone(0.00), indicating the increasing bearish momentum. The Sandbox token is currently in a retest phase. If the price manages to sustain below this level, the coin could drop to its lower support level of $3.7. Moreover, the chart also shows a falling parallel channel pattern, leading this downfall. he Relative Strength Index ( 40 ) in the 4-hour time frame chart is steadily recovering from the oversold region. Moreover, a bullish divergence in RSI supports a bullish breakout from the falling channel . - 𝐓𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐑𝐒𝐈 𝐜𝐡𝐚𝐫𝐭 𝐬𝐡𝐨𝐰𝐬 𝐚 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐝𝐢𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝟒-𝐡𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐟𝐫𝐚𝐦𝐞 𝐜𝐡𝐚𝐫𝐭 - 𝐓𝐡𝐞 𝐝𝐚𝐢𝐥𝐲-𝐌𝐀𝐂𝐃 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫’𝐬 𝐥𝐢𝐧𝐞𝐬 𝐬𝐥𝐢𝐩 𝐛𝐞𝐥𝐨𝐰 𝐭𝐡𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐳𝐨𝐧𝐞 - 𝐓𝐡𝐞 𝟐𝟒-𝐡𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐧𝐝𝐛𝐨𝐱 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 $𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐧𝐠 𝐚 𝟎.𝟖𝟑% 𝐥𝐨𝐬𝐬. - 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
by AliSamadiTR
SAND - Daily Chart ✅Let's see how SAND is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is now rejected by resistance and, it's going to consolidate around the support area. The market is showing massive SELL volumes for SAND. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that SAND is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $4.3886 Let me know your ideas. Good luck.
by ShawnMCR
8
SAND Outlook: Short term outlook and Support Levels in Play SANDUSD Keeping it short and simple for this analysis - SANDUSD currently experiencing bearish expansion on Bollinger bands through the lower TFs and appears to be re-testing bottom support @ the $4.30 in the coming days. Right now, price is sitting @ $4.60 and is bleeding down to lower levels with rest of crypto for the time being. If the $4.30 level does not hold, I'd be looking for sub $3.50 as the next potential entry level, and will plan accordingly in the event we see this. ET
BINANCE:SANDUSDShort
by kingthies
SAND - Daily Chart ✅Let's see how SAND is behaving. This is a 1H chart. (Valid for 24 hours) The Fib Retracement shows that the price is consolidating and correcting. The market is showing SELL volumes for SAND. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that SAND is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $4.625 Let me know your ideas. Good luck.
by ShawnMCR
6
SAND/USDT - Potential 96% SetupHello Traders! After the rapid growth SAND went to the correction. The price is near the upper range of the buyers' interest zone $4.00 - $4.74. A "descending wedge" trend continuation pattern is forming on the chart. MA100 on the daily timeframe is near the level of $4.00 It is possible to look for purchases in the range of $4.00 - $4.40, relying on the repeated decrease of the instrument to the level of $4.00. It is worth closing the position using a stop-loss if the price goes under $2.78 The targets will be the following price levels $6,42 $7,52 $7,94 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SANDUSDLong
by UnknownUnicorn10064030
The Sandbox (SAND) Buy ZoneThe Sandbox (SAND) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium The Sandbox has been in down-trending channel since December of 2021 without any breakout with daily confirmation. Currently the price is retesting mid-term support zone and if the retest is successful we will see pump from its potential reversal. -------------------- $SAND/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 4.728 - 4.854 TP 1 : 4.9325 TP 2 : 5.025 TP 3 : 5.18 TP 4 : 5.35 TP 5 : 5.55 TP 6 : 5.758 TP 7 : 5.9624 TP 8 : 6.2975 Stop Loss : 4.4 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
SAND - Daily Chart ✅Let's see how SAND is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price has pumped and now is retesting a resistance level. The market is showing SELL volumes for SAND. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The upper Bollinger Band can push down the value, and the middle band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that SAND is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $4.90867 Let me know your ideas. Good luck.
by ShawnMCR
1