Uptrend Channel in SANDSAND is in a 1-year uptrend channel and is now supported by the channel's midline line and demand area.
Sandusdt
SANDBOX | Good Time to Buy?Entering the year 2022, the market sellers took an upper hand over the SAND price. The pair was rejected from the $7 mark and lost 34% of its value by dropping to the $4.48 mark. The price has recently plunged below the 0.5 FIB level, indicating the token could extend the correction phase.
Previously when we covered an article on Sandbox token, this pair was riding its 2021 Christmas rally. However, the price couldn’t pass the $7 mark, and by experiencing a strong supply, the token was immediately rejected with an evening star pattern.
The recent bloodbath in the crypto market added to the ongoing selling and dropped the price even below the 0.5 Fibonacci retracement level.
𝐓𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐡𝐚𝐬 𝐞𝐧𝐠𝐮𝐥𝐟𝐞𝐝 𝐭𝐡𝐞 𝟐𝟎 𝐚𝐧𝐝 𝟓𝟎 𝐃𝐌𝐀 𝐥𝐢𝐧𝐞𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐭𝐡𝐞 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐭𝐫𝐞𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐚𝐬 𝐢𝐭 𝐢𝐬 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐛𝐨𝐯𝐞 𝐭𝐡𝐞 𝟏𝟎𝟎 𝐚𝐧𝐝 𝟐𝟎𝟎 𝐃𝐌𝐀.
The Moving average convergence divergence indicator projects the MACD and signal lines have just dropped below the neutral zone(0.00), indicating the increasing bearish momentum.
The Sandbox token is currently in a retest phase. If the price manages to sustain below this level, the coin could drop to its lower support level of $3.7. Moreover, the chart also shows a falling parallel channel pattern, leading this downfall.
he Relative Strength Index ( 40 ) in the 4-hour time frame chart is steadily recovering from the oversold region. Moreover, a bullish divergence in RSI supports a bullish breakout from the falling channel .
- 𝐓𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐑𝐒𝐈 𝐜𝐡𝐚𝐫𝐭 𝐬𝐡𝐨𝐰𝐬 𝐚 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐝𝐢𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝟒-𝐡𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐟𝐫𝐚𝐦𝐞 𝐜𝐡𝐚𝐫𝐭
- 𝐓𝐡𝐞 𝐝𝐚𝐢𝐥𝐲-𝐌𝐀𝐂𝐃 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫’𝐬 𝐥𝐢𝐧𝐞𝐬 𝐬𝐥𝐢𝐩 𝐛𝐞𝐥𝐨𝐰 𝐭𝐡𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐳𝐨𝐧𝐞
- 𝐓𝐡𝐞 𝟐𝟒-𝐡𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐧𝐝𝐛𝐨𝐱 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 $𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐧𝐠 𝐚 𝟎.𝟖𝟑% 𝐥𝐨𝐬𝐬.
- 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
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Have a profitable day.
| Review and analysis by Samadi.Finance |
SAND, SANDBOX, DAILY TRADE, SIGNAL$SAND tested the trandline and looks like it will bounce from support. Long from here or wait for another pullback to 4.06 for entry.
📍Entry 4.06 - 4.11
📍SL -5% of entry.
📍TP 5.1-5.3
#LONG #SANDBOX #METAVERSE
SAND - Daily Chart ✅Let's see how SAND is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price is now rejected by resistance and, it's going to consolidate around the support area.
The market is showing massive SELL volumes for SAND.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that SAND is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $4.3886
Let me know your ideas.
Good luck.
SAND - Daily Chart ✅Let's see how SAND is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib Retracement shows that the price is consolidating and correcting.
The market is showing SELL volumes for SAND.
Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that SAND is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $4.625
Let me know your ideas.
Good luck.
SAND, SANDBOX, SIGNAL, DAILY TRADE$SAND has been playing nice and always a good one for a little profit. Enter ok pullback at support.
SAND/USDT - Potential 96% SetupHello Traders!
After the rapid growth SAND went to the correction.
The price is near the upper range of the buyers' interest zone $4.00 - $4.74. A "descending wedge" trend continuation pattern is forming on the chart. MA100 on the daily timeframe is near the level of $4.00
It is possible to look for purchases in the range of $4.00 - $4.40, relying on the repeated decrease of the instrument to the level of $4.00.
It is worth closing the position using a stop-loss if the price goes under $2.78
The targets will be the following price levels
$6,42
$7,52
$7,94
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
SAND Breakout!Sand has formed very strong support around 4.19$ and now has broken a bearish channel. After the breakout, the price did a retest and now the probability of momentum change has gone up. Manage your risk according to SL and TP that I mentioned. Gd luck!! NFA
The Sandbox (SAND) Buy ZoneThe Sandbox (SAND) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : Medium
The Sandbox has been in down-trending channel since December of 2021 without any breakout with daily confirmation. Currently the price is retesting mid-term support zone and if the retest is successful we will see pump from its potential reversal.
--------------------
$SAND/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 4.728 - 4.854
TP 1 : 4.9325
TP 2 : 5.025
TP 3 : 5.18
TP 4 : 5.35
TP 5 : 5.55
TP 6 : 5.758
TP 7 : 5.9624
TP 8 : 6.2975
Stop Loss : 4.4
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Accumulate: SandboxChart Pattern: Triangle correction
Wave Analysis: Ongoing wave iv of III of 3
Target Price: 16 USD
Note: This needs a catalyst to pump the price
SANDUSDT UPDATEMulti timeframe analysis on SAND, potential intraday longing opportunity. Be patient loading up spot positions.
RNDR Contracting GPU Power Via Blockchain TechWish I would have bought some when Dave Lui dropped the alpha on it last year. RNDR is on the SOL blockchain. It appears as if SOL would be best suited for video games. Could we see popular NFT/ Metaverse coins transition from ERC-20 and go to the SOL blockchain? If so wouldn't a partnership with RNDR to offload some of the GPU workload be cool. Just a thought. Stick to TA. I'll be looking to start a position at outlined levels and take profit at 1.272.
SAND above middle line of parallel channel#SAND/USDT
#metaverse token
$SAND price is above middle line of parallel channel, break out from upper line of channel will increase it toward $8 and in long term it can reach $10.
break down from support zone and middle line of channel will drop price to support zone between $2.75 and $3.35
SandboxOn a 4-hour timeframe, it is now at the support of $ 5.50 - $ 5.70 area. It needs to hold this area and we will see upward movement in the coming days. The local resistance is $6 area and the major resistance is $6.8 area. You can buy some Sandbox and put your stoploss below $ 5.30.
SANDGiven the price reaction to the support range of $4.7731 to 4.8033, I think if the downtrend line is broken, we will see a price increase of up to $ 5.
SAND Sandbox consolidation areaSAND Sandbox trading volume in the last 24H is 42.82% lower.
Looking at the chart, i would say SAND is in a consolidation area in which will move from support to resistance.
Looking forward to read your opinion about it.
SAND - Daily Chart ✅Let's see how SAND is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price has pumped and now is retesting a resistance level.
The market is showing SELL volumes for SAND.
Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance.
The upper Bollinger Band can push down the value, and the middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that SAND is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $4.90867
Let me know your ideas.
Good luck.
SANDUSDT Analysis (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).Thank you!
Everything on the chart.
Like for me globally we are in triangle wave of (iv).
While we are above our main support the price is looking up.
minimal target ~10$
main target zone 13-15$
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of growth, consolidation below 4$
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Sandbox/usdtSince the flag is formed in the daily sand time, we are waiting for an increase in the size of the flag handle.
Towards more profit.
I wish you success
Sandusdt eliot wave analysis in daily Time frame. This cryptocurrency is in the final wave of correction
