Sand usdt new low Sandbox looks like is going to new lows for the year. The next support from here is 0.1700. The last time this support was tested was in June 2021. Same the bitcoin dominance continues a lot of alt coins will make new yearly lows.
SANDUSDT trade ideas
New low near?From the general view of the chart, we find a price channel that contains the currency, and the price is expected to fall to touch the bottom of the channel, and in the same area it is considered a strong support that will hold the currency for a while before making its next move
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
SANDUSDT is testing the breakout?Should the price of SANDUSDT proceed to break out from this falling wedge, it could present an opportunity for new long positions in line with Plancton's trading rules.
To execute a trade according to Plancton's rules, traders should consider the following steps:
Confirmation: Wait for a confirmed breakout from the upper resistance trendline of the falling wedge. Confirmation is essential to ensure that the price movement is sustained and backed by supporting factors such as increasing volume.
Technical Indicators: Employ relevant technical indicators, such as oscillators, moving averages, and trend confirmation tools, to gauge the strength of the potential breakout and assess the overall market sentiment.
Risk Management: Implement effective risk management strategies, including setting stop-loss levels and determining appropriate position sizes. This is crucial to manage potential losses in case the market movement doesn't align with expectations.
Market Context: Consider the broader market context, news developments, and any relevant factors that could influence the price of SANDUSDT.
Patience: Exercise patience and restraint, waiting for a clear and confirmed breakout before initiating a long trade. False breakouts can lead to losses, so cautious execution is vital.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
$SANDNYSE:SAND
The price action of NYSE:SAND on macro timeframe level formed out Head and Shoulders pattern level where the price action broke down the Support Trendline level
Marked out the Sell Side Liquidity level after an successfull retest level above we can see further downwards movements as higher timeframe is bearish
sand short A return to the strong trend line in green
Price has risen well above this trend line that is still important
Trend Line extends all the way back to beginning.
Falling Wedge will be done?Weekly Chart
Sandbox BINANCE:SANDUSDT is creating Falling Wedge
Both trend lines acts support and resistance
Daily Chart
Sandbox is below the resistance line and moving to apex zone between support and resistance. Just a breakout will create a massive move and chance to Long/Short depends on market that time.
If price goes up, it can break falling wedge and open a new bull run and otherwise, price goes down lower
Wait and see what happen
sandIn my opinion, the correction will continue until the green box. I will check inside the green box to buy. At that time, the movement momentum and the market situation will be considered.
🚨 Trade Update: SAND/USDT (5-10x)🚨 Trade Update: SAND/USDT (5-10x)
📈 Long Entry: 0.340 - 0.366
OTE (Optimal Trade Entry): 0.353
SL: 0.329
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.370 - 0.375 - 0.380 - 0.387 - 0.395
Mid Term: 0.420 - 0.450 - 0.490 - 0.550 - 0.610 - 0.660
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
SAND BULLISH TRIANGLE 1HWill it pump? That's a question. Can we trade that with good risk management? Yes, that's for sure. All you need can be seen on the 1-hour chart. All we need are good market volumes from buyers. We need to update local highs and set stops lower - you can see the main resistance levels on the chart. Anyway, volatility is low, and this can be a perfect moment to enter. This is not a recommendation; this is a subjective overview, and a bullish pattern can also fail. Keep this in mind. If this fits your strategy, you can enter. Good luck.
How to trade that pattern?
(a) Well, you can wait for confirmations, such as new local highs with volumes.
(b) Wait for the last low (if it happens), and if you see that the price is not going lower, you can enter there (that's risky).
(c) You can enter with split orders: at the last low and the next confirmation with new highs.
Keep in mind that BTC is currently in a flat phase, and it's not very clear what will happen next. Globally, I see limits from buyers to hold the BTC price and some markets that pumping. HOWEVER, the sellers are active 29,500 and currently, I can't see strong bullish candles on the 1-hour BTC chart; instead, I observe sellers' pressure. Be prepared for a potential breakdown, below 29,300.
SAND is Preparing For a Bullish Movement | SAND/USDT Analysis💎 SAND is currently charting its course within a defined triangle pattern, characterized by clear support and resistance demarcations. Here's a breakdown:
💎 Defined Boundaries: The triangle showcases consistent interactions at its support and resistance boundaries, emphasizing their role in shaping SAND's trajectory.
💎 Anticipated Breakout: As SAND approaches the triangle's resistance, market participants are watching keenly for potential price shifts.
💎 Breakout Potential: Should SAND pierce and sustain above the resistance, it could trigger a significant bullish wave.
💎 Bullish Catalyst: A successful triangle breakout could stimulate increased buying activity, driving SAND's price upwards.
💎 Technical Backing: This bullish narrative is complemented by other technical indicators, adding weight to the optimistic view.
💎Always ensure you undertake thorough research and due diligence before committing to any investment moves.
SAND Token Unlock Alert: Analyzing Price ProspectsSAND Token Unlock Alert: Analyzing Price Prospects
The Sandbox (SAND), a blockchain gaming platform, is on the brink of a significant unlock event.
On August 14th, approximately 372 million SAND tokens, accounting for 18.1% of the total supply, are set to be released for trading. This has ignited discussions about potential price implications.
Unlock Dynamics: Token unlocks release previously restricted tokens. In this case, 71 million tokens go to the project team, 37 million to the foundation, and the remainder to consultants and reserves.
Historical Patterns: Past SAND token unlocks have historically resulted in price declines, sparking concerns about the stability of SAND's price.
Volatility and Range: Current indicators indicate low volatility, suggesting minor fluctuations within the $0.38 - $0.42 range. The Awesome Oscillator (AO) is positive but signals a weakening bullish trend.
Technical Indicators: Technical signals reveal potential pre-unlock selling opportunities, mirroring past events that generated significant selling pressure and led to a possible price drop to around $0.30
Trader Sentiment: In contrast to worries, the derivatives market reflects a bullish sentiment. The long/short ratio at 1.05 indicates a majority of traders are leaning towards long positions, reflecting confidence in SAND's performance.
Conclusion: As The Sandbox approaches this crucial token unlock, historical trends, technical signals, and trader sentiment paint a complex picture of potential price movement. Amidst historical dips, the current low volatility and positive derivatives market might counterbalance immediate downward pressure. All eyes are on SAND's journey post-unlock.
Stay tuned for updates as we navigate through this period of uncertainty.
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$sandHello Trader BINANCE:SANDUSDT.P
Note the condition of the pair sand is currently at its 4-hour support
you can go long.
but has not bounced back or retested the area.
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Disclamer: Not Financial Advice
SANDUSDT's Trendline Break: A Path to 81% Gain?💎#SANDUSDT has recently showcased a double bottom pattern on the daily chart, coinciding with the price reaching the lower boundary of the declining channel. This alignment with support triggered a decisive bounce, reflecting strong demand.
💎Following this upward movement, #SAND entered a consolidation phase, remaining under the influence of the long-term downtrend trendline. However, the price has now approached a critical support level, marked by the 61.8% Fibonacci retracement at $0.3900. The ParadiseTeam's focus is now on this level, as holding it, coupled with a break above the downtrend trendline, could significantly amplify buying pressure. This scenario presents an attractive risk/reward opportunity with a high likelihood of success.
💎After breaching the trendline, the price has the potential to reach the 38.2% Fibonacci resistance, aligning with the 200 Simple Moving Average. This translates to a growth potential of 44%. But the prospects don't end there; if #SAND surpasses the 200 SMA, the next target could be the 61.8% Fibs, offering an impressive 81% gain.
💎On the bearish side, temporary dips below the current support at the 61.8% Fibonacci level may occur without negating the bullish outlook. However, a price drop below the $0.3310 low would serve as a warning to buyers.
💎Ladies and Gentlemen of ParadiseClub, stay tuned as we navigate the dynamic world of crypto, where staying informed and adaptable is key. Happy trading! 🌴
SANDUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
A 1/7 RR Opportunity on SANDUSDTA 1/7 RR Opportunity on SANDUSDT in a correction leg.
Enter if your Setup approved.
Look forward for your idea
BMZ-ir
Shifting SAND' of Crypto: An In-depth Journey into the Sandbox To begin, let's delve into understanding the fundamentals of SAND.
The Sandbox is an innovative, decentralized gaming platform that utilizes blockchain technology and non-fungible tokens (NFTs) to provide a unique play-to-earn model. This platform allows players to create digital assets, customize their own games and immerse themselves in an array of interactive hubs, environments, and experiences. Moreover, they can monetize their digital creations by selling them via the Sandbox Marketplace in exchange for the native cryptocurrency, SAND tokens.
The Sandbox universe is subdivided into 166,464 units of virtual real estate, referred to as LAND. Players can populate their LAND with games and ASSETS, or they can amalgamate several LANDs into larger estates. The ASSETS, or components of the virtual world, are categorized into entities and block ASSETS. Each of these ASSETS has a certain value in SAND and can be sold or traded at varying prices.
Having established the basic concept, let's shift our focus to the historical price trajectory of SAND.
SAND was launched on the OKX exchange on April 2nd, 2021, amidst an all-time high market for Bitcoin (BTC) and Ethereum (ETH). Post-launch, SAND underwent a substantial fall from its initial price of $0.7060 to $0.1740, marking a 75% decrease. Interestingly, this price level became a major structural low as it has not been revisited since.
Despite the downtrend of BTC and ETH, SAND broke the resistance level of $0.27 on July 4th, 2021. This shift sparked investor interest in alternative cryptocurrencies like SAND. Consequently, the token witnessed a remarkable 2650% surge within 150 days, averaging a day-to-day increase of 18.27%.
However, on November 25th, 2021, SAND reached its all-time high at $8.49 but failed to maintain above the critical support/resistance zone at $7.5125. As weaknesses began to appear across the industry, a downtrend ensued with the price plunging 70% over the following 150 days. Notably, the price frequently rebounded from the support/resistance level of $2.5520 until it was breached, leading to an additional 85% fall to the support level established in April 2021.
So, where does SAND stand today?
As of recent observations, after managing to hold above the major support/resistance zone at $.3850, SAND rallied to $.46 and above before encountering a substantial sell-off. It's important to note that a strong downtrend has been in place since May 10th, 2022. The most recent rally against this trend originated from the support level at $.3850, also forming an Area of Interest (AOI) ranging between $.4890 and $.52.
Furthermore, the emergence of a potential uptrend suggests that the price may have difficulty breaching the current resistance level at $.46.
Let's now consider the crucial technical indicators:
Both the 50-day and 200-day Exponential Moving Averages (EMAs) are currently bearish, with the price unable to breach the 50 EMA in its recent attempt. This, coupled with the downward trend of both EMAs, indicates a possibly bearish sentiment.
In terms of algorithmic trading, 2 out of 3 ROBO indicators currently suggest a bullish sentiment on the daily timeframe. Using these two indicators in tandem provides a neutral outlook, suggesting it might be prudent to wait for an optimal entry point for long positions.
What should we anticipate going forward?
For SAND to trend upwards, traders and investors will need to see a break above the current resistance level, which could alter market sentiment towards the project. Conversely, if SAND fails to do so and breaks the present daily uptrend, it may return to and possibly sweep past previous lows at $.4105 and $.3975, marking a 1.5 - 5% decline from the current price.
Should there be a market-wide sell-off for BTC and ETH, SAND could potentially test the major structural support at $.3850, which also serves as a crucial psychological level.
SAND Bullish reversal on weekly OB
SAND is approaching a high probability weekly OB.
If a 4H bullish reversal is put into place while in this OB zone, it could lead to a decent upmove.
SANDBOX - Time to Buy? ⌛🦜Let's start with the news:
''Lookonchain revealed that 127 million SAND was transferred from wallets belonging to The Sandbox.
Token Unlocks noted that 332.55 million SAND will be unlocked in the next 10 days.
A drop below the minor support level at $0.3970 could see SAND drop to $0.3746. ''
Now TECHNICAL ANALYSIS:
TP beats news almost every time in crypto and see support and structure I want to buy from.
0.383 is valid, huge support and the price seems ready for higher
0.59 is the first area where profit will be taken in that case.
WHY?
I believe the SANDBOX has had it's 'crisis' together with the industry but is still poised for many successes in the future..
Can it make history?
The British Museum says yes: British Museum Ventures into Metaverse with The Sandbox
The Sandbox, an Ethereum-powered metaverse, has announced a partnership with the British Museum to create a range of digital collectibles that mirror the museum’s collections since its inception in 1753. The British Museum, known as the world’s first public national museum, is now stepping into the metaverse, aligning with its mission to be a “museum of the world, for the world.”
This collaboration, facilitated by the museum’s licensing partner, LaCollection, aims to provide a new, immersive way for people around the globe to engage with the museum’s artifacts. The focus is on developing digital experiences that encapsulate the rich history the museum represents.
Let's go SANDBOX
The FXPROFESSOR
SAND USDT PERP BEARISH PENNANTHello Trader BINANCE:SANDUSDT.P
looking at the sand usdt pairs chart there is price weakness and indications for bearish pennat, can be short for the limit area that I have determined.
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
🔥 SAND Bearish Triangle Break Out: New Lows ComingSAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle.
Please wait for the break out to confirm with the price closing below 0.325 on the daily chart.
My target is the 2021 lows, which could be the bear market lows, we'll see by then.
SANDusdtAs of now, I have a quick TA for SAND, and it remains bearish with no sign of an uptrend. However, if it breaks its resistance, the perspective will change
