SAND ShortTook a short here after getting burned with a long a few hours prior to this on the same pair.
Again it went quickly against me but I had noticed a resistance level forming and placed my order above it as a stop loss, luckily it had took a hard right turn and shot down, creating some nice profit
SAND
SAND can Reach 9.7$Hi every one
SAND/USDT
SAND has done a Massive Bullish Movement Recently But It seems There is Room For Bulls For another Bullish Wave! as you can See The Price has been Increasing Beautifully according To Elliot Waves Principle! The First 3rd Impulse waves Has Been Completed,The Price is In The 4th Impulse wave Right now which is a Correction wave! after The 4th wave is completed which is Expected to happen in a Few days, The 5th wave Will be Started & the Bullish Wave can Increase Up to 9.3 or 9.7$. Not Only The Elliot Waves Suggest This, But There is also a Bullish Flag on The chart which Suggest The Same Price Prediction! The Price was In a Bullish Pennant Not Long Ago & It worked Perfectly So There is a High chance That The Same Thing Happen Here with This Flag! There is also a Hidden Bullish Divergence (+HD) On MACD as well! all Evidences Suggest a Bullish Movement For Sand ! The 5th Wave and The Bullish Break out can Happen Soon and We shall See SAND reach 9.7$!
Summery:
-SAND's Elliot Impulse waves Suggest a 9.7$ Target
-Bullish Flag also Suggest The Same Target
-(+HD) On MACD
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Sand is weak, a huge chance of going downSand recently was pumped a lot, which means it needs a good healthy correction.
On the daily it's about to start correction, which shows with a huge volume at high.
The main targets are shown at the chart, Sand could bounce from each of them, creating correction.
I expect it to go at least -60% from this point.
However best entry is at squeezing down the trendline.
SAND downward wedge #2 + MACD over zeroMACD has now crossed over zero on @HPotter MACD indicator. This is a bullish indication and the explanation I have quoted from the writer of script himself:
"Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving average.
This is bullish as it shows that current expectations (i.e., the 12-day
moving average) are more bullish than previous expectations (i.e., the
26-day average). This implies a bullish , or upward, shift in the supply/demand
lines. When the MACD falls below zero, it means that the 12-day moving average
is less than the 26-day moving average, implying a bearish shift in the
supply/demand lines.
A 9-day moving average of the MACD (not of the security's price) is usually
plotted on top of the MACD indicator. This line is referred to as the "signal"
line. The signal line anticipates the convergence of the two moving averages
(i.e., the movement of the MACD toward the zero line).
Let's consider the rational behind this technique. The MACD is the difference
between two moving averages of price. When the shorter-term moving average rises
above the longer-term moving average (i.e., the MACD rises above zero), it means
that investor expectations are becoming more bullish (i.e., there has been an
upward shift in the supply/demand lines). By plotting a 9-day moving average of
the MACD , we can see the changing of expectations (i.e., the shifting of the
supply/demand lines) as they occur."
Source:
credit: @HPotter
🔥 SAND Bull-Flag Pattern: Break Out SoonOver the last two weeks, SAND has seen some consolidation after a massive run up in the four weeks prior to that.
During this consolidation period, a bull-flag pattern has appeared on the chart. With SAND bouncing off the lower support earlier today, I think that the pattern has been confirmed and that we're going to follow this in the near future.
For now, we will see some more bullish price action towards the resistance of the pattern. A bearish bounce is to be expected from there since the pattern is not finished yet.
Later in the weekend we might scout for a break out, ideally a bullish one with a big green candle. Target placed at the most recent high.
Happy trading!
#SAND UNSTOPPABLE Are we about to test $7 SAND is unstoppable since we have reached out Targets as posted earlier of $5.5, it seems we have now pierced FIB 1.618 without any upper wicks seems there is little or no selling pressure so far,
if it keep going like this we are going to test the centre of fib between 1.618 and 2.618 which takes us to approx. 7.10$.
#SAND about to break 6.02 level, break Target $5.5, DCA LongTerm#SAND about to break 6.02 level and get out of that FLAG which will result into testing $5.5 levels that coincides at FIB 1.618 Level, we should not break that support if we do that it will result into breakdown and trade between $4.8 to $5.5 Levels.
ShortTerm/Day Traders: I have mentioned and update in my old charts to DCA out since high levels
Mid Term: In the near mid term we should go past $9 and trade in the range of $9 to $13
Long Term: #sandbox if can deliver will be trading $33+
*Use DCA strategy to buy into #SAND for Mid to Long term for generous returns. The lower price points as highlighted in RED Act as support levels and can be used as prices to DCA in during all corrections.
@sandboxgame #sandbox
$SAND Sand is in a weird situation.
Sand has been blowing up recently with all the metaverse hype.
Now that the hype is slowing down, SAND is way to high in my opinion.
I believe we will see a correction on Sand, right now its in a sym triangle which is bilateral, I have drawn out 2 possible scenarios for it.