SAND ANALYSIS (ROAD MAP) (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the ICP symbol.
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SAND
SAND and MetaverseThe Sandbox (SAND) has been gaining significant attention lately, with its current price at $0.6260 and an RSI of 58, indicating that the asset is neither overbought nor oversold. Looking at the 4-hour timeframe, we can see that the price is currently trading below the 0 Fibonacci level of 0.6676 and above the 0.5 Fibonacci level of 0.5861, suggesting that the asset is currently in a consolidation phase.
The upper Bollinger band for the 4-hour timeframe is at 0.6850, while the lower Bollinger band is at 0.5122, and the middle Bollinger band is at 0.5986. This indicates that there is a moderate level of volatility in the price of SAND, but it is still within a relatively tight range.
The volume oscillator for SAND is at -16.65%, suggesting a lack of interest from traders and investors. However, the MACD is at 0.0224, indicating a bullish trend, and the stochastic oscillators are at 58, which is also a positive sign.
Looking at the news surrounding The Sandbox, it appears that the asset is gaining attention due to its role in the growing metaverse space. The metaverse is a virtual world where people can interact with each other in a digital environment. The Sandbox is one of the leading platforms in this space, along with Decentraland (MANA). Recently, both SAND and MANA have been surging in price due to increased interest in the metaverse.
Additionally, HedgeUp (HDUP), a company that specializes in providing blockchain-based solutions for the real estate industry, has also been surging in price. This is likely due to the growing interest in virtual real estate within the metaverse, where companies like HedgeUp can provide value.
In conclusion, The Sandbox (SAND) is currently trading in a consolidation phase, but the bullish indicators suggest that the asset may see a price increase in the near future. The growing interest in the metaverse space, as evidenced by the surging prices of SAND and MANA, suggests that there may be significant potential for growth in this area. Additionally, companies like HedgeUp that specialize in providing blockchain-based solutions for the real estate industry may also see significant growth as virtual real estate becomes more valuable within the metaverse.
Sand broke the recent uptrend to the downside. SHORTSand performed poorly in its last bullish cycle. It hardly even reached the ema200 level compared to most altcoins. Therefore, its weak outlook has weakened further with the breaking of the latest uptrend.
If I were a metaverse investor, I would use my preference for mana these days. However, the sand will also bring him down.
Ideal for a short plan when the market pulls back.
Cheap price to buy the SANDThe stock, after a year of correction, broke through the downward resistance line and consolidated above it.
At the moment it has been in a sideways position for a month already. And at the fall to the area of ~0.68$ the asset is actively bought off.
Buying at this time looks very profitable.
All targets are on the chart.
This is not a financial advice, everything you do is at your own risk
Sandbox ($SAND) - must reclaim Feb openFebruary open (red line) is a must reclaim for me at this point to push any higher. It was also a significant s/r price point back from June '22 - reclaim it and targets above (T's)
I am personally leaning towards trading at the DCP level around .57 cents again in the short-term - it's a breakout origin and also in line the the 618 fib of this overall rally since yearly open.
57 cents for me is a macro must hold, below it and we just continue the accumulation phase down to the lows imo.
Would provide a great opportunity though if another leg comes thereafter - I doubt it would trade there long if this is still macro bullish.
Trade safe!
SAND/USDT | Seems like Ready for Massive Bullish Rally..!!
#SAND Looks Promising for Descending Channel Breakout in 1D TF..!!
Expecting +300% Bullish Rally in the Midterm.. 📈
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SandBox ($SAND) : Bullish Pattern development in long term?Hello everyone!
If we look at $SAND in a medium-long term, we cannot rule out a big picture as shown on weekly chart. The big signal of Price Action will be the Neckline achievement (shown on chart as wave IV retest) of a large "Head & Shoulders". Working on daily time frame, I found some interesting resistance levels, useful for evaluating the strength of the trend, step by step.
I came up with this idea thanks to our last trade on Sandbox, which developed a potential bullish impulse structure.
(Click and Play on Chart below)
If there are conditions, I will update this idea below.
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SAND had a strong bullish trend over the past weekSAND had a strong bullish trend over the past week, holding the support of the $0.70 range, creating a strong bullish wave on the daily timeframe.
The break of the previous ceiling has been confirmed, but there has been a strong reaction as the price has hit the resistance identified in the $0.90 range. One of the important resistance levels of the sandbox is in the range of $1 rand, which is the target of buyers.
Sandbox has had a range trend over the past week. The price fluctuates between the considered resistance support levels.
The support range of this currency is at the price of 0.610 to 0.670 dollars and its resistance is at the level of 0.880 to 0.900 dollars. Above this resistance, there is a very strong level in the $1 range, breaking these levels requires special support from buyers. Given the selling pressure created in the market yesterday, we expect the Sandbox corrective trend to deepen more likely, and by breaking the current support, the decline could continue to the $0.550 range.
But in the bullish scenario, if minor support is maintained in the range of $0.700 to $0.685, and in the 4-hour timeframe, we can expect another positive swing.
The important point for the medium and long term is the strong bullish wave started at the $0.40 range, if the supports hold, there is the potential for the sandbox to break the $1 resistance, to the $1.25 level. to continue
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From an Elliott Wave stand point I would be looking for at least a sweep of the low. My main focus is on these levels that seem to be reactive atm.
I will be keeping an eye on these levels for plays.
Cheers!
Formation of the next bullish waveBuying pressure on SANDBOX increased again after going through a corrective trend, and buyer support led to the formation of the next bullish wave. The target that we considered in the previous analysis is seen, and the main target is in the range of $1.02. Of course, due to the high strength of yesterday's bullish candle, which is closed at the ceiling, there is also a possibility of breaking this resistance. Its strongest resistance is considered in the range of 1.42 to 1.49 dollars.
The Sandbox #SANDWhat Is The Sandbox (SAND)?
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.
SAND Coin (Sandbox) : "Buy the dip" with a nice TargetHi everyone!
Sand's main trend is still bearish, but we do not rule out some interesting corrective moves in the near term. If our analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run up to 0.6765 area.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
SANDBTC 1DThe SAND after being trapped in a falling wedge for a long period has finally broken out. Now it needs to pass the resistance of 0.00004347 , the ichimoku cloud and MM200, which at first appear to be strong resistances, but also act as a “magnet” pulling SAND up. The pair alone is worth the hold. Mataverse tokens were dormant and undervalued, and there is already positive movement towards them.