SAND
Bitcoin [BTC] - BULLISH Signals. Breakout coming... We have a lot of confluence on Bitcoin currently. Staying above the Yearly VWAP nicely + Divergence on the RSI + Falling Wedge pattern. The FED meeting and Quadruple Witching on Thursday and Friday were the two last days that a threat of another drop was possible.
Bitcoin survived both of these events and held the support very nicely here. This was a very bullish sign. Now we just await the inevitable boom! Hopefully before the end of year. Hopefully this week. However, we can't time the market. It would be wise to accumulate more on alts while prices are cheap here.
SAND - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SAND is overall bullish and now approaching a strong demand zone in green so we will be looking for buy setups.
on H4: SAND is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, SAND would be overall bearish can still dive inside the demand zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SAND - Possible Cup and Handle, and TP/SL BYBIT:SANDUSDT
1H trend chart
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SAND is forming a potential cup and handle pattern on 1H
We can see accumulated volume are gathered around the orange zone.
If price can take it out (Fib 1), we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 5.4476~5.5155----Fib(1.272~1.382)
b) 5.6616----Fib(1.618)
c) 5.8969----Fib(2)
Stop losses:
a) 5.0535-----Red horizontal ray
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$SAND HOLDING ON TO THE UPTREND- Although SAND continues its movement within the falling channel, it seems to hold on to the uptrend drawn in black. I think that with the upward break of the channel (which is my expectation), the price will see 8 again, and then 10. In an opposite scenario, the price may go to the 3.50 - 3.70 range under the channel.
- SAND düşen kanal içerisinde hareketine devam etse de siyah ile çizilmiş yükseliş trendine tutunmuş gözüküyor. Kanalın yukarı kırılması ile ( ki benim beklentim o yönde ) fiyat tekrar 8 dolar, sonrasında ise 10 dolar seviyelerini görecektir diye düşünüyorum. Aksi bir senaryoda ise fiyat kanal altında 3.50 - 3.70 aralığına gidebilir.
🔥 SAND Bullish Break Out: Volatility ExpectedIn my last SAND analysis we were looking at a bearish break out from a triangle pattern, see below. The trade was a success, and the price reversed after the first target as been hit.
If we extend the lines further down, we can see that SAND is still in a downwards trend. However, SAND is currently doing its best to break out of the bearish trend.
If SAND manages to break out the yellow area, we could definitely see more bullish pressure arise. Targets at $6 and $7. Be aware that BTC is a key factor, a drop in BTC's value will take the alts down as well.
Happy trading!
ETHEREUM [ ETH ] - Value Areas (FOMC + possible Whale dump)I'm removing my BULL shades and BULLISH bias for a moment to consider that possibility that ETH may fall further. After the FOMC announcements today, if it's bad news, I can see Whales taking advantage of it by doing one final dump on Bitcoin and Ethereum. If this were to happen, I see these value areas on Ethereum. If there is no reaction, however, then it should be business as usually and we go sideways or up here on Ethereum.
SAND Talked about it the end of November 🤯🍕🍣Good morning to all traders,
we had discussed sand towards the end of November when I was expecting a good retracement to enter below $5.
I think that moment has arrived since we are in a descending channel with various support zones, the first of which is around 4.60 usd but it is not certain that it will hold. As always I will behave accordingly waiting for a confirmation or the reaching of my areas of interest (Support and the POC).
SANDBOX- Updated ChartSANDBOX updated chart after the storm.
Chart shows support but mind the resistances ahead.
Interesting article:
Metaverse Investors Compare Decentraland and the Sandbox to Manhattan in the 1800s :
“We think the Fashion District purchase is like buying on Fifth Avenue back in the 1800s … or the creation of Rodeo Drive…”
good stuff,
the FXPROFESSOR
🔥 SAND Rejection: Further Downside ExpectedAfter trading inside a consolidating triangle for around three weeks, SAND has officially rejected the triangle's support (now resistance) and has made a bearish move from there onward.
With Bitcoin appearing bearish, it's likely that there's more bearish price action coming for SAND.
Main targets placed at previous tops and lows.
Happy trading!