🔥 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!
SAND
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!
SAND with much support after last bull run#SAND with much support after last bull run, but the run went till the 161.80 LOG FIB extension...
This #crypto might take a breather... support was found and can be find on...
...Supertrend
...RSI
and OBV 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
SAND is 2021's top performing cryptoSAND is one of the top performing cryptocurrencies for 2021.
Since Facebook announced its rebranding as Meta on October 29, SAND has shot into crypto fame and rallied more than 600% by November 24. It is estimated that if you bought $500 of Sandbox on January 1, it would now be worth over $73,000.
SAND is the native token of The Sandbox, a game that is very similar to Decentraland which recently opened the doors of its Metaverse. Unlike Decentraland, it has not yet fully launched its virtual world to the general public but only to a select group of 5,000 users who have the chance to earn up to 1,000 SAND and three exclusive NFTs. Players can purchase land and create non fungible tokens (NFT) within the game and earn the Sandbox token (SAND) by completing various quests.
The Sandbox has announced a number of famous partnerships which include The Smurfs, Atari, the Walking Dead, Adidas, and Snoop Dogg. It was recently reported that someone paid $450k to be Snoop Dogg's neighbour on The Sandbox Metaverse.
NFT-linked cryptocurrencies were the best performing group of digital assets in November, as the interest in the Metaverse keeps growing. Will Metaverse tokens explode in 2022?
It's a good moment to give meta tokens like SAND some thought.
Falling Wedge Breakout for SAND/USDTSAND/USDT just broke above the very clear falling wedge in the 4H , which started its formation around the 29th of November.
Currently waiting for a retest on the trend line to enter a LONG position.
My SL will be set a little bit below the base of the triangle and my TPs as seen on the chart.
Keep an eye on SAND - We could see a break to the upside soon!Here's a quick Look at SAND 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a break to the upside soon. The best entry would be, when the price breaks above 5.8$ with good amount of volume. Definitely one to keep an eye on.
-------------------------------------------
The idea is: Buy when the price breaks above 5.8$ and take profits at the levels shown in the chart.
Targets:
1. 6.2$
2. 6.7$
3. 7.6$
4. 8.4$
-------------------------------------------
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."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Sand is doing something GOOD!Hey guys, this is Julie 😄
Let's analyze this sweetheart today. Sand is amazing, right? To go from under $1 to $8, this is really amazing. If you (like me) couldn't take advantage of this super high, maybe this is our chance!
Although Sand has been falling since November 25, the trend is still bullish if you look at the weekly chart. In fact, it is quite normal to fall after such a big high. I believe that Sand is just resting for a while, to continue rising later.
Looking at the daily chart, we can see that today's candle seems to be forming a Bullish Harami pattern, and this is a good buy signal!
It is in the same region as before, which seems to be a support level (pink line). Below this area we have the yellow line, which was the lowest point in December 04, and almost the close on November 22, I think this could also be a resistance.
It is in the same region as the 21 EMA as well, I like to use this for buy confirmation.
Because I believe in its potential, I would really buy Sand, this seems a nice and technical point to buy.
It's such a good crypto, right? Sand has a huge potential, I really like cryptos like this, with good plans for the future.
I know someone who bought sand for less than $0.27, just because he believed in its potential (he is really happy now hahahah).
And he was right, sometimes you should buy even without confirmation, just because you believe in the project.
And that's it. Thanks a lot for reading my analysis! I hope you enjoyed it. 😊
Remember to support me with your like and subscription, I really enjoy writing these analises. 😄😉
Have a good weekend, bye bye!
SAND | Classical Descending Wedge Formation..!!
#SAND (Update)
Classical Descending Wedge Formation in 4H timeframe Chart.
So far Looks Bullish But Still Bullish Need Strong Volume for Upside Breakout.
In Case of Upside Breakout, Expecting +60% bullish Wave..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Brief Analysis of Sand/USDT Fib/ Elliot wave theoryHello All. Heres my thoughts on Sand, based on my beliefs we are in a ABC correction on the ENTIRE market, (this is not backed by facts just my belief) love to hear your thoghts... this is the time we all need to be very careful based on my experience in 2017/18 run I have seen the markets manipulated heavily.... DO NOT trust the news they are your enemy. Take everything with a grain of salt, it is a proven fact market makers use news to create liquidity. MEanng good news they looking to dump, bad news looking to buy... this isn't a "rule" some news is totally organic and factual just keep that in mind. as who the source is whats the context etc. Point of me saying that is this time gives me flash backs from late 2017. I thought it was funny that when BTC broke ATH earlier this year was never mentioned in mainstream media... it wasnt really yalked about till it cracked 50k over double its jigh in 2018 when you couldnt go an hour without someone talking about BTC - Warren buffet has a famous quote something along the lines of "when your barber is giving you stock advice.... GET OUT!"
Now here we are crypto seems to be hitting the mainstream again,,, conveniently as it tanks lol... "coincedence" idk and frankly doesn't matter all we can do is try and stay a step ahead. Make a clear plan and stick to it... being "reactionary" now and you will be run ragged.
With all that said I think there are a few ways to read this chart. After looking at multiple time frames im going with my gut that we are im wave 4 about to enter wave 5, however I believe we will be going down farther in the next few hrs to days, being published at 10:30 MTS
Based on the fib and elliot wave theory, we completed wave three now still in wave 4 (macro) but if you drop to a 30 min and disect the 1-5 on the downtrend (of wave 4). You will see wave three of the down was a very short wave 1.27 fib, then look at support levels and the top of wave 1 (macro) I really believe we are headed to at least the 2.0 fib level roughly 3.29*lines up perfectly with heavy support as well as the top of wave 1,,, potentially even farther i dont think 2.61( 2.72 level) is out of reach...
You could argue we played out 1-5 on the larger trend and now a ABC correction but I do not believe so...
THIS would match up with my theory that big money has been slowly buying but hasnt bought their full bag, once they have I think we due for a humongous pump... once we bottom out at 4... 12-18?!?! ,maybe even higher very hard to say...
This is not financial advice, I am not a registered trader, I highly encourage you to do your own research this is merely for education purposes/ discussion.
Take EVERYTHING with a grain of salt and make your own decisions. Constantly re-evaluate but make clear precise decisions and stick to them... when its clear you are wrong which even the best trader is, cut the chord and move on!
Love to hear your thoughts... Good luck everyone!
⌛🦜 SANDBOX - Updated Chart ⛵Updated chart, hope you like it.
News:
Just 4 metaverse projects sold $106 million in virtual land last week, with The Sandbox taking a massive lead: DappRadar
Metaverse Coins Comparison – Decentraland (MANA) vs. The Sandbox (SAND): this guy prefers Decentraland but Sandbox is prefered by the Professor...
Coin Bureau Host Explains Why He Is Bullish on Axie Infinity, The Sandbox, and Netvrk
Let's go Sandbox!
the FXPROFESSOR