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.
Sandbox
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! 💖
We can expect a stronger positive reactionSAND's price, which had a negative reaction in the resistance range of $0.805, pulled back to its support in the range of $0.657 to $0.750. If this area has a positive reaction, SAND can grow to the targets of the $1 range this week or next. The strength of the bullish wave is enough to change the trend in the daily time frame. But a bottom pivot and the formation of a corrective wave are needed, which with more probability, we can expect a stronger positive reaction in the second support range, i.e., the price of $0.584 to $0.641. So, if the support area of $0.67 is broken, the decline can continue to the level of $0.584, and in this area, we can expect the formation of reversal patterns.
Theta coin formed a bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of The Sandbox (SAND).
Previously I shared a long-term trade setup for SAND, which is still in play as below:
Now on a 4-hry time frame, SAND with BTC pair has formed a bullish Gartley pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SAND (Y23.P1.E1).The big picture and short term plans\setupsHi Traders,
If your familiar with the Stan Weinstein approach or just know the significance of the 200 daily ema. well we are close to it and its likely a good reversal position and likely a micro wave 5 position.
The push back might be a little or also I will be looking for a shorting structure in the smaller time to enter.
All the best,
S.SAri
SANDUSDT Potential Reversal Waiting for a Reversal in SAND/USDT chart. Here is why,
There are both fundamental and technical reasons.
Fundamental reasons,
12.4% of tokens were unlocked on 14 FebruaryFrom my point of view, this is the main reason. normally Anyone can tell there can be a 10-13% price devaluation at that time. But I'm hoping there can be more than price drop. 🔎 (Token Unlock - Google it )
* Another thing is that I have difficulty identifying the bitcoin movement. That’s why I marked two accumulating periods.
Technical reasons.
We can see two resistance areas on the chart. The chart has failed to break these levels only a few times.Keep an eye on these resistance areas .If there is more than >300M volume. The resistance can break easily. Personally, I would not enter into any trades at that time. Because my whole structure was wrong.
In cases where there was low volume and a high RSI value + a down tread. I consider entering a short position. Thanks . #NFA #DYOR
Buyers' support allowed the price to continue movingSAND continued its strong uptrend over the past week, and buyers' support allowed the price to continue moving without a pullback after breaking through the $0.56-$0.59 resistance range. This 102% growth, which started from the floor area of $0.38, stopped at $0.75. A weekly resistance was considered in the $0.65-$0.74 area, which was broken in the past due to heavy selling pressure.
In the past few days, the price hitting this range has been accompanied by reactions, and in the 4-hour timeframe, we see the formation of a complete range area. More likely, the price can break the bottom of the range channel and enter a deeper corrective wave. The supports that can again create signs of positive reaction, and are considered the range of demand, are at the prices of $0.6423 and the range of $0.5600. But if the current resistance is broken, the next target for buyers after the pullback will be in the range of $1.0742 resistance.
SAND continued its price growth last weekSAND continued its price growth last week. The support of the buyers caused the breaking of an important resistance in the range of $0.47-0.48. The increase in the price of the sandbox continued to the resistance range of 0.56 to 0.59 dollars. The bullish wave was corrected by hitting this resistance. The first hit of the $0.50 support area has given a positive reaction. But this quick return has increased the possibility of the price entering the range trend. Therefore, we expect to see a short-term range trend between the current resistance and support of this currency. Another support is considered in the range of $0.47-0.48, which, if the first high does not react positively and is broken, the price decline can continue to this level. According to the upward trend line, we can expect a stronger reaction from this range.
The Sandbox SANDUSDT price has a chance to form "Inverted H & S"It is very likely that the SAND token price of the once quite popular The Sandbox project is now close to the low of this protracted downtrend.
Looking at the global chart of SANDUSDT, it is safe to say that the price range of $0.38 - $0.45 is a tasty zone for placing buy orders with a grid. Of course, if you believe in this project and see future prospects in it and in the gaming crypto world in general.
The first target for the possible growth of the SANDUSD price is $1-1.20 (x3-x4 growth)
In the longer term, if and when the crypto market comes to life, we can think about the SAND price in the range of $2.50-3.50.
It is in this liquidity zone that the target of the probable "Inverted Head and Shoulders" pattern falls.
More precisely, the final growth target can be calculated when the formation of this pattern is finally confirmed.
Then we will update the idea of SANDUSDT with more specific targets for the final growth.
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✳️ The Sandbox vs Bitcoin | Prepare For Bull MarketOk, this is the last one for this session... I wanted to show you the difference between BTC and USDT pairs.
Might look like something irrelevant but this information can be useful for life... Trading/chart reading life.
The RSI hit is lowest level ever entering the oversold territory on the 3D timeframe.
The marked date on the chart represents the low/potential bottom.
The bottom is a process and is only confirmed after the trend changes and prices move up.
For now the low is just that, a low and we can call it bottom once the bullish trend is confirmed.
SANDBTC just hit bottom 😜, what follows is growth.
We can see a huge correction from the ATH, a massive -84.71% and there we go again... The correction is smaller on the altcoins vs bitcoin (ALTSBTC) pairs.
With that said, let's focus on the targets next.
87% potential short-term... Up to 250% mid-term.
Enjoy your weekend.
Sending you love and positive vibes.
Enjoy the full moon.
Namaste.
SAND recorded good growth during the last weekSAND recorded good growth during the last week, from $0.35 to $0.39. The support that took place on this monthly range has caused the price to exit the downward channel in the 4-hour time frame. Four ascending candles, all of which closed above the previous candle, can be a sign of buying pressure to maintain support and a possible trend change in the future. Of course, this is because the SAND currency weekly candle forms a bullish pattern. Otherwise, we will reduce the price again. In the weekly timeframe, bearish candles are very powerful, and the current support level in the minimum conditions should be able to create a positive swing in the weekly timeframe.
In the 4-hour time frame, a definite sign of a trend change can be seen with the last strong upward movement. The price has hit an important resistance in the range of $0.47-0.48, and due to the high angle of the collision, there is a possibility of breaking this resistance and hitting the resistance of $0.49-0.50. We expect a stronger negative reaction from the second resistance. But due to the possibility of negative divergence in 4 hours and below this resistance, if a negative reaction is observed, the price can enter a corrective wave. So, the support we can consider for it is in the range of $0.44 to $0.43, which can cause the price to bounce back in the coming days.
SAND Price predictions -Sand needs to get above the resistance zone of .4063 to .4141 in order to go up.
-if we break above this zone the next target will be .4415 and then .4768
-if we break the .4768 Level we will likely go up to test the .5190 level.
If we fail to break these resistance zones, SAND will most likely fall down and test the previous lows and possibly set new lower lows.
SAND The Sandbox Price PredictionIf you haven`t sold SAND here:
Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for SAND The Sandbox is $0.70.
Looking forward to read your opinion about it.
The Sandbox (SAND) forming bullish Shark| A good buy opportunityHi friends, hope you are well and welcome to the new trade setup of The Sandbox (SAND) with US Dollar pair.
Previously I shared a long-term trade setup for SAND, which is still in play.
Now on a 4-hr time frame, SAND is completing the final leg of a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade