⌛🦜SANDBOX - Breakout Complete and FAST! Thank you all for the Likes and the support, it means a lot and it's much appreciated. So please remember to Like it IF you like it.
SANDBOX has been great to us and to see +30% today came as no surprise. Check our previous ideas below to see how well our analysis worked.
Right now we see resistance though, so keep in touch for frequent updates.
This video will cover more assets as well as how we think about what and when we trade and post here.
One Love,
the FXPROFESSOR
SAND
The BEST HODL until Xmas! About:
SAND is 'The Sandbox's' token. It's a blockchain-based virtual world developed by Pixowl, which allows people to create and explore universes (sounds like Minecraft a bit, right?)
Fundamental Benefits:
- Being part of the thriving metaverse, SAND has been pumping in parallel to Zuckerberg's announcement that Facebook is renaming itself to 'Meta'. SAND isn't the only metaverse token to receive a positive response from investors either, almost all of them have (which i'll cover in future posts).
- Another reason for this sudden pump, is that The Sandbox recently announced a MASSIVE play to earn event, launching on November 29th and running through to December 20th (this will receive a ton of publicity).
- The Sandbox secured a $93M fund from SoftBank at the start of November, to go toward developing new metaverse games, live experiences and seeking out bigger partnerships with brands.
Technical Analysis:
As you can see, I entered at $3.05. Circled in purple is $2, which obviously is a better position for buying. I FOMO'd into SAND once I read into it and didn't want to risk waiting for a dip. The support and resistance lines are parallel and have held up extremely well. The end of the lines is December 1st and by this point we could see SAND anywhere within the price-range illustrated. I'm confident in the growing popularity of this metaverse token, along with the roadmap making progress as promised. Look out for a buy-point and get involved if you're interested!
I post altcoin opportunities daily, feel free to follow for more!
EPIK Prime at DCentral Miami ConferenceDCentral Miami Conference is the place where the world converges to celebrate art, fashion, and creatives together with the future of finance.
Animoca brands is sponsoring & joining DCentralCon in Miami!
Animoca Brands was recently valued at over one billion USD and is an active investor in dozens of top blockchain projects such as Dapper Labs, the creator of NBA Top Shot, and Sky Mavis, the creator of Axie Infinity.
“Animoca Brands’ investment into Epik is part of an ongoing and powerful synergistic partnership,” said Animoca Brands co-founder and chairman Yat Siu.
Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1, Marvel, WWE, Power Rangers, MotoGP, and Doraemon. Animoca Brands' portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds
SAND The Sandbox mk cap is $5,4Bil vs EPIK Prime mk cap $74Mil
In order to reach the same mk cap, EPIK needs to make 73X from here.
So EPIK Prime has the potential to go to 45.26usd!
It`s a gem!
$SAND ON FIRE!!SAND It's not playing games lol. Gees what a run so far. I'm adjusting what possibly can become levels of support if it decides to go down anytime soon.
Shot outs to all of those HODLERS that been holding, it must be an exiting moment for you guys and also to those who are really good traders and can capitalize on runs like this with Margin/Futures.
Understanding it's just Tuesday I think SAND will definitely touch the $8 mark even though it's very incline and that's also good news for the shorts waiting to capitalize on that end of the market. If you do trade on both sides of the market then "YOU ARE THE MEN"
💡Don't miss the great buy opportunity in SANDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.6877).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SANDUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 79.
Take Profits:
TP1= @ 5.7338
TP2= @ 5.9672
TP3= @ 6.2923
SL= Break below S2
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$SAND Incoming $$SAND has been on a roll and I will admit it left me behind for having my funds else were. The graph shows me that it has potential of continuing it's uptrend since it created a new high and adjusted a new uptrend channel from my previous post. As long as it maintain itself bouncing inside the new channel then we should be in good hands.
💡Don't miss the great buy opportunity in SANDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.6877).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SANDUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 79.
Take Profits:
TP1= @ 5.7338
TP2= @ 5.9672
TP3= @ 6.2923
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
⌛🦜SANDBOX - Breakout and next TargetTold you that SANDBOX will outperform MANA and AXS and it is now happening:
Price has broken over reisistance and is storming to the next target prices. Metaverse is coming fast.
SANDBOX is our Top of the List selection for the 'Metaverse/Game'' category.
Unlike our general disappointment with the Decentraland (MANA) experience which is 'Up but not Running well'.
There is a map to the treasure and you can check it out here: www.sandbox.game
You can check our view on MANA as well as AXS in our previous posts below.
MAJOR NEWS:
Sandbox Metaverse Alpha to launch Nov. 29 after four years in development and our information (which is usually right as we like to go deep into research) is that it is AWESOME!!!
Then again that's a personal opinion, now you know ours.
One Love,
the FXPROFESSOR 🏴☠️
Sand moving on up!H4 Close above 1.618 and the the next 2 fib levels will be targets.
Nice break out of Bull pennant . A lot of strength in this chart that supports continuation.
DYOR and GL!
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Disclosure:
This is not financial advice.
I do not take every trade I post.
Never trade off of someone else's chart until you DYOR!