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
SANDUSD
SAND - time to sell 🤯SAND has risen by 800% in the last month. Many indicators are now showing overbought conditions. Our personal systems also show that it is time for extreme greed and to sell. We cannot say that the price will not rise yet, but the same scenario as happened with SHIBA INU is possible.
What do we recommend?
If you bought SAND a long time ago, your best bet is to lock in 80%-90% profit and leave 10% for possible upside. If you bought at the top, the only recommendation is to sell and never buy coins that has risen 500% or more.
From a technical analysis point of view, a correction should be expected. Below marked the liquidity zones where many bids are collected. Wait for a trend line to form and buy after a correction and break of the trend line. Either in the zone is the best place to buy.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and especially to other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
AAVE/USDT (THE START OF AN UPTREND)Aave / usdt is in the beginning of a recovery we can see that the stoch is in oversell on a daily basis, we are currently at a big support which has multiple recoveries allowed us to resume an uptrend, we have a major resistance to indicate on the chart
-The rsi is in the bearish zone = 33 , we want the 50 to ensure the uptrend
-Personally I am in position, DYOR !!
-Happy trading session!
#SANDUSDT looks prime for 300% Rally!Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
This setup is entirely for spot and not leverage.
It's a mid-term hold signal and DYOR before investing.
Once we break the $.77 level and flip it as a support.
It's highly likely we will see a 300% rally in this coin.
ACCUMULATION: $.56 TO.67 with a stop loss at .51 or you can just wait for the breakout!
I will personally accumulate when the market is in red. The reason I posted this chart is to keep it in your favorites and buy at the right time if you please.
What's your thought on this?
Do hit the like button if you like this update and want me to post more of these!
Do share your views in the comment section.
Thank you
#PEACE
⌛🦜SANDBOX -Updated Chart w Key LevelsPrice has reached our target at just above 7$ and rejection was precisely ON TARGET!
SANDBOX is our Top of the List selection for the 'Metaverse/Game'' category, but MANA chart looks better technically at this very moment .
We expect 3 key levels to play out, 2 of them lower as you can see on the chart and a third one for a BUY STOP order (buying higher, over resistance).
SANDBOX:
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 🏴☠️
⌛🦜SANDBOX - Breakout Complete and FAST! Thank you all for the Likes and the support, it means a lot and it's much appreciated. So please remember to Like it IF you like it.
SANDBOX has been great to us and to see +30% today came as no surprise. Check our previous ideas below to see how well our analysis worked.
Right now we see resistance though, so keep in touch for frequent updates.
This video will cover more assets as well as how we think about what and when we trade and post here.
One Love,
the FXPROFESSOR
SAND/USDT (WHAT'S NEXT)Good Morning, I'll try to make it simple this morning!
-First, we can see that we would have completed our 5 wave at 0.618 extension, we can see that the RSI and the STOCH on the daily we are in a big overbought zone
-The plan ? : A possible retracement at our 4.68 so I went into position at the 0.618 extension, with a short for the retracement.
- I would take our retracement from 0.618 to the level of 4.68-4.8
There is nothing else to add. We must keep in mind that we have just made our 5th wave and a retracement is necessary
SAND/USDT (EVERYTHING IS CLEAR (UPDATE)Hello from Canada, hope you have a nice day, today we can see that SAND / USDT just finished wave 4, as we can see on the chart, the bullish impulse wave just showed us the end of the wave 4 and the start of our final wave 5, I plotted a target of 0.618 extension after that we could see an ABC correction
Thank you and have a good trading session.
BULLISH SIGNAL : RSI IN 1D TF : 77 MORE ROOM TO GO TO THE UPSIDE
IT'S NORMAL THAT EVERY INDICATOR ARE IN OVERBOUGHT WE ARE IN ATH ZONE , EVERYTHING IS NORMAL
-Bearish signal : bitcoin can dump alt , but sand/btc still verry bullish .
thanks Crypto-Pro
TARGET OF THE WAVE 5 : 4,75 (15% PROBABILITY)
0.618 EXTENSION : 5.38 (70% PROBABILITY)
6.10 (15% PROBABILITY)
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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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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.
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)