Sand/usdt trading idea and why you can hodl for long term$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.
Following The Trend : for years now the crypto ecosystem always follow some trend after a correction, (eg) Before 2019 was POws coins 2021 was meme and I believe 2022 would be the year for metaverse and NFts.
NFT and Metaverse being talk of the town now and sandbox is one of the front tire in the industry with years of experience.
I believe they have a lot in stock for 2022 considering the fact they raised 93 million In earlier 2021 with backing from companies Making it an area of interest.
Technically
Sand/Usdt has been on my watchlist from the time of all time high at $8.5, The chart is very interesting as you can see a strong break out from the falling wage bouncing off from the channel trendline with a flag pattern after the bulls charged.
Indeed Altseason is kicking
At the time of writing this article, Sand/usdt is trading at $3.3. which I believe with the strong team behind Sandbox we can see an all-time higher.
With this in mind, I believe it would be a great bet😃
Your encouragement is highly needed so I could continue researching on profitable ideas.
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Thanks and stay safe.
Sandusdt
$SAND Trade Idea & Possible Targets! Hi Traders,
This is my analysis for $Sand in the next few days, I think that #TheSandBox will visit the mentioned area at 2.9~3$ and than we bounce to the mentioned Targets!
Entry will be at the 2.9~3$ area and a StopLoss after a Daily Close Below 2.5$.
If not activated, entry will be with a Stop Limit at 3.4$. ( I Prefer Using an OCO Order)
NFA, DYOR, and Good Luck.
Let me know what do you think in the comments, show support and press that like button.
Good Luck.
SANDUSDTHello Traders,
Sandbox pushed up to it's upper daily zone and continuously moving up.
Now we're consolidating our hourly resistance and ready to push even higher.
Our next target it big supply zone around 3.44. If we successfully break supply zone it's gonna retest and price will push even higher.
Since Sandbox game and Metaverse is a big trend this year It's possible to get new all time high :)
(Non financial advice)
SANDBOX more gain 🚀Based on the chart, the price is close to support area and has broken the red trend line to the upside and has completed the retest
if
the price stays above the trend line and the support levels here we will see more gain 🚀
and
our first target is the black trend line and the next target is the resistance area located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
SAND DAILY CHART ANALYSIS! POINTS TO WATCH AT!Hey everyone
Today i show you my SAND Daily Chart Analysis
SAND did breakout of the big downtrend we had since the all time high. Currently its retesting the breakout as support and if this confirms to hold i expect a big pump within next months!
How much will SAND go up?
- My targets are 3.45$ / 4.40$ / 4.90$ / 5.60$ / 7.00$
How to enter and exit the trade?
- DCA. Enter in parts and exit the trade in parts.
I hope you guys like this idea
ARE YOU READY? SAND could be ready to MOON! (Part 2) 🚀🚀🚀Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
SAND is gearing up for another bullish rally. SAND is under a symmetrical pattern and we can expect a higher rally soon.
While symmetrical triangles can be aimless as there equal amounts of buyers & sellers, Bitcoin and Ethereum are regaining strength and both Gala Games and Sandbox have been displaying signs of strength (while many other crypto game tokens have shown significant weakness).
The RSI for SAND has been trending up for the last 31 days and is only in the middle of its range; it has not reached anywhere near overbought. This further validates that there is more upside pressure in the price than downside.
My goal is not to highlight a specific trade at this time, but to get GALA and SAND on your radar to start tracking them as they could have massive rallies in the very near future.
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Namaste 🙏
SAND/USDT: 60% RALLY POSSIBLE!!!Welcome folks to my new update on SAND/USDT
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
SAND dropped down to the level I was expecting and this could be a good area to accumulate but only when we see a confirmation. If SAND bounces back from here then I am expecting a rally of almost 60% from the current level and we can make good money out of it. On the other hand, if SAND breaks down further instead of bouncing back then the trade will get invalidated.
Entry-level will be: $2.262 to $2.79
Stop loss: $2.465
Targets: $3.12, $3.37, $3.68, $4.09, and $4.32
Note: Enter this trade only after the confirmation. We are just a few hours away from the daily close. Let us wait and watch for the candle to close.
Until then trade safely, guys.
Thank you
SANDUSDTSand has broken above the falling trendline and formed a Marubozu close candlestick pattern, which is a bullish sign. It has a bullish divergence on the daily chart as well (the divergence is a bit weak). It needs to attract some volume which, in my opinion, will increase once it closes a daily candle above 3.38. You can either enter now (a bit-risky although) or after it closes above 3.38 for the target of 4.43 and 4.82.
Time to get excited?Here's a quick Look at SAND daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above the 3.45$ 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!
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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$
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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!