SANDBOX bullish long-term? Maybe.Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
Sandbox has fallen since march to reach important support level. However, end of this month could be bullish due to several factors
1- SAND fell to the important level of support 2.67, then bounced back up strongly.
2- The RSI indicator showing SAND has been oversold by reaching under 30 index twice in a single week.
3- The down trend-line along with the upper trend line of the RSI indicator indicates a possible breakout.
4- Finally, NFTs still on fire!
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
Sandboxnft
The Sandbox: Short-term price targets reached, New Target @$34Our current Target for Sandbox is at the full fib extension @ $34. To put this in perspective, If The Sandbox had a market cap of $30.3B, 1 SAND would be worth $34.00, an upside of 337% from the current price level. This move may not be so straight forward as we haven't experienced any huge profit taking since the start of this parabolic run on the 26th October. From the current price level we have an extremely overbought RSI looking at the technical indicators suggesting a small cool off period could be on the cards. If The Sandbox retraced to previous lower levels, this will in-fact be very healthy for the structure as we have previously seen some resistance around $5, $4 & $2.45 at the Buy Zone if you are looking to DCA after taking some profits from the top. This scenario here is valid if The Sandbox breaks below the 50% fibonacci retracement level @ $4.08 to retest the 50SMA. Otherwise, from the current price we can expect a weak retracement to the 61.80% fibs @ $5.04 before we start pushing again for the next leg up on SAND. This area around the 61.80% fibs is another great area for to enter and ladder up your buys if you missed this great gem earlier in the year.
Our current price Targets for SAND from the current price:
127.20% Fibs at $10 (42% Gain)
161.80% Fibs at $13.15 (80% Gain)
227.20% Fibs at $18.45 (153% Gain)
461.80% Fibs at $34.37 (371% Gain)
Happy Trading. Please see previous analysis below :)
The Sandbox (SAND) Update 17/11/21: New ATH @ $3.63. The Sandbox (SAND) is one of our portfolio picks from early January, from our entry on the 24th January, SAND has grown 4050% ($1000 investment from January will now be worth $40,500 portfolio value). 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 decentralised autonomous organisations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralised platform for a thriving gaming community.
This was one of our January Picks exclusive to our members , Click Link in Bio to Join
⌛🦜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 🏴☠️
The Sandbox Update: All short-term price targets reached,New ATHThe Sandbox (SAND) Update 17/11/21: New ATH @ $3.63. The Sandbox (SAND) is one of our portfolio picks from early January, from our entry on the 24th January, SAND has grown 4050% ($1000 investment from January will now be worth $40,500 portfolio value). 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 decentralised autonomous organisations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralised platform for a thriving gaming community.
Our current price Targets for SAND from the current price:
127.20% Fibs at $4.37 (24% Gain)
161.80% Fibs at $5.52 (59% Gain)
227.20% Fibs at $7.68 (123% Gain)
461.80% Fibs at $15.42 (345% Gain)
This was one of our January Picks exclusive to our members, Click Link in Bio to Join