⌛🦜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
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!
SAND Multi-Timeframe AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Keep an eye on SAND - we will se a bigger move soon!Here's a quick Look at SAND 1 hr chart. As we can see, the price has been forming a falling wedge and we could see a break the upside soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above 4.15$ with good amount of volume .
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The idea is: Buy when the price breaks above 4.15$ and take profits at the levels shown in the chart.
Targets:
1. 4.28$
2. 4.45$
3. 4.68$
4. 5$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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SAND / METAVERSE / Middle of the BULL Cycle?I'm looking closely at the METAVERSE Phenomenon.
We have to take into consideration the project and also the development of this DIGITAL world which is far from the mass adoption yet.
It's good to keep an eye on it and look for potential investment opportunity in the NEAR future.
#Sand | 1D Bearish Divergence | #MetaverseHello Padawans,
First of all, do not take this as a piece of financial advice.
I'm planning to bring quick signals like this in the future.
Okay, let's get into the topic.
Sand is a developing under metaverse projects. In so shorting this in this time is highly risky.
But I see a 1D bearish divergence in the chart. But the fundamentals are bullish.
let's see what's gonna happen.
cheers.
May the force be with you.
The Sandbox PennantThe Sandbox after the Bears did their best for a few days last weekend. Have the bulls managed to bring the price up quite a bit.
A price increase of 100% in 2 days. Of course, this also means that the market has to take a breather.
So we see on the 2 hour chart that the price reached a low of $2.30 last weekend after which a so-called Scallop (which looks like a half umbrella) appeared and gave the price an explosive upward run. Now we are in a pennant and I have mapped out various target targets based on the flagstick. Since the "scallop" causes an interruption in the flagstick on the 2H but on the day can be regarded as 1 whole stick, I will include this long version in a series of target points/targets. You can project the flagstick as a price target, and if you take a little more certainty about that, you measure it from the bottom pennant and with a little more risk at the top, with the idea that the measurement from the bottom can achieve its goal sooner. In addition to the long stick, I also measured the stick from the "scallop" and plotted it in the target point series. So you can say that from T1 to T5 the chance of success gets smaller and smaller.
Not to forget to always keep the bears in mind. Because if the price breaks out, I will first look at the $3.40 as support, but also take into account a return to the golden pocket region that will soon move towards the psychological 3 dollar.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Bitcoin (BTC) - BULLISH. The LAST Dip before takeoff! Moon time!This is my final technical analysis on Bitcoin in this area. It was fun hanging out down here, but time to get back to business. This is the lowest we go. Moon time! See you again at $76-86K for our first possible correction. If not, then $100K will be our first possible correction area. Road to $250k+…
SAND Road map ! Very strong crypto currency Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
Target - $ 6.5 - $ 8
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#