SANDBTC
Keep an eye on SAND!Here's a quick Look at SAND daily chart . As we can see, the price has been forming a bigger descending triangle and the price is at the apex of the triangle! The price is very close to a bigger break either way. The best entry would be, when the price breaks above the 3.05$ with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
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The idea is: Buy when the price breaks above 3.05$ and take profits at the levels shown in the chart.
Targets:
1. 3.4$
2. 3.75$
3. 4.4$
4. 5.5$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
The Sandbox (SAND) - April 10hello?
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(SANDUSDT 1D Chart)
(buy)
- After confirming the support in 3.0743
(Stop Loss)
- When it falls below 2.7 and receives resistance
(Sell)
- When resistance is received in the section 4.0944-4.3942
- When receiving resistance near 5.4081
A move above 3.0743 is expected to result in a sharp move.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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SAND🏖️ out of the box📦Sandbox seems to be breaking up out of this triangle 📐 and if successful I think there is chance for run to 5.4 and even higher.
ENTRY : local high @ 3.362
STOPLOSS (SL) : local low @ 2.99
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 5.4
REWARD RISK RATIO (RRR) : 5.0
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Time to get excited?Here's a quick Look at SAND daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above the 3.45$ with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
-------------------------------------------
The idea is: Buy when the price breaks above 3.45$ and take profits at the levels shown in the chart.
Targets:
1. 3.85$
2. 4.4$
3. 5.7$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
IS THE SANDBOX MADE UP OF QUICK SAND? (BUY ZONES!!!) METAVERSEGreetings Investors!
Today we consider the trading pair SAND/USDT
Alright, Lets begin!
Sand has seen impressive price growth since it's listing back in August last year, forming an Ascending Channel that price has continued to respect each time it has been tested.
Question is, will it respect it this time?
Taking a Look at our RSI, a bottom formation started to form while also creating an accumulation range in price action, and confirming with a second bounce on rsi support before a breakout from the range. Growth was 1537% from above the range.
Soon after, Sand will go on to form Resistance for it's current channel (both on price and RSI) marking a top and confirming it with a mini acuumulation in Price and RSI(blue circle), before getting rejected bact to the channel's support, breaking below the 50 level rsi as well as it's trendline and confirming a bottom with multiple bounces in the oversold region.
Finding a bottom on wave 2 correction, Price seems to be replicating the same pattern on the RSI and price action after a wave 3 top.
Each accumulation range from breakout to top had diminishig returns, hence multiple range forecasts shown depending on if it's time to go down or if we test resistance one more time.
ENDGAME:
Wait for price to either return to RSI oversold region or Channel support for Buying action.
ATR Bands suggest a sharp move is incoming as well.
Should the two not sync this time around, do not rule out Fifth Wave Extension Bottom Scenario.
If you agree with this idea, Please leave a like & share🙏 as well as your thoughts in the comments section.
As always, feedback is appreciated🙏
NOTE: DURATION OF WAVE FORECAST MAY BE INACCURATE!
#SANDUSDT looks prime for 250% Rally!Welcome to this quick SAND/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#SAND/USDT looks triangle pattern create and 250% Rally confirm and long term hold!
Entry:-$2.6470
$3.1290
Target:-250%
Stoploss:-$2.2614
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of SAND in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Time to short Sand - again?In this post, a quick look at the SANDBTC pair, price action seems to show little to no effort to try and get past the Tenkan sen. In the past days it's found temporary support (dark blue line) while making lower highs, in a descending triangle fashion although I won't consider it as such because I prefer starting to count the lower highs within the triangle after the price has first found support, so just consider the orange dotted line as a simple resistance; nonetheless, the message conveyed by the price action stays the same, and I see no will to fight back from buyers. One thing that could argue for a reversal is that we've traded quite far away from the Kumo cloud for a while now, and the current price is a "fairly big but not huge" 12% away from the 25D MA: nothing really meaningful though until we get a clear sign of reversal from the PA, I believe. Ultimately, bias seems to be bearish for now. I probably won't be taking any trade myself for the moment, this post is for an information purpose mainly.
SANDUSD GLOBAL VISION OUTLOOKSAND/USDT
SAND have 2 probabilty
I prefer for the bearish one.
We need more confirmation for now, market still unstable
Speculate not help for now, very big risk
If SAND going up, Elliot Wave correction ABC has done, and go other impulsive move again.
#tipsfortradingplanning
SAND/USDT 12 HOUR UPDATEWelcome to this quick SAND/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- SAND/USDT Triangle pattern create to buy the dip and green zone
Entry:- buy green zone
Traget:- 75% to 100%
Stop loss:-Greenline downside candle close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
SAND looks interesting hereSAND is currently holding on to it's bull trend against BTC. We're currently testing support at the 50 EMA and we just had bullish divergence on the 4-hour chart. This makes me moderately confident that the bullishness will continue, at least in the short run. Will it have enough momentum to break resistance? I think there's a decent chance. This isn't my ideal entry, but I'm considering a small long here.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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You can Long Sand short-term with Divergence...-Now, Sand is on a Demand Zone in the daily time period.
-4H RSI shows a bullish divergence.
-There is a huge falling wedge breakout.
IMPORTANT-
Keep a tight Stop Loss below the Demand Zone shown in green color. because BTC IS NOT STILL CONFIRMED A REVERSAL !!!!!.