SANDUSDT trade ideas
Sandusdt Trading opportunityPrice currently consolidating after breakingout from falling wedge. Two possibilities can follow from here, either the rally to continue by price breaking the bullish pennant consolidating zone or price heading down for a pullback towards the wedge top trendline.
We plan to trade this by go for immediate long and holding our stop loss below the local support zone. The target for this LONG will be our potential NECKLINE ZONE.
But, should incase price break the local support best BUY back zone and major demand area is shown on the chart with Pink zone.
Thanks
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities
In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions.
Headings:
Current State of #SAND/USDT: Bearish Trend and Recent News
Impact of Token Unlocking Schedule on NYSE:SAND Price
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
Key Support Levels and Target Zones for Buying Opportunities
Bull Scenario: Long-Term Potential and the Need to Break Resistance
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Conclusion: Conduct Thorough Research and Exercise Caution
Current State of SAND/USDT: Bearish Trend and Recent News
NYSE:SAND is currently trading at $0.515, displaying a bearish trend.
Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news.
Impact of Token Unlocking Schedule on NYSE:SAND Price
Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events.
The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside.
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023.
However, a short-term pump up to $0.7 is expected before a potential leg down.
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
The current expectation is a small pump in the short term, possibly reaching $0.7.
However, this would likely be followed by another downward movement.
Key Support Levels and Target Zones for Buying Opportunities
Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177.
Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible.
Bull Scenario: Long-Term Potential and the Need to Break Resistance
In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run.
However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize.
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Support Levels: $0.3785 and $0.177
Resistance Levels: $0.7 and $0.87
Conclusion: Conduct Thorough Research and Exercise Caution
This analysis provides insights into the current state and future projection of #SAND/USDT.
It is important to conduct thorough research and analysis before making any investment decisions.
The cryptocurrency market is highly volatile, and individual research is essential to make informed choices.
Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December
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SAND: Descending Triangle BreakoutSandbox (SAND) technical analysis:
Trade setup : Bullish breakout from Descending Triangle and above $0.60 (also 200-day MA) could signal a bullish trend reversal, with upside potential to $0.70-$0.80.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.50, then $0.38. The nearest Resistance Zone is $0.75, then $1.00.
Sand Long Entry Coming for ~5 percent profit.Possible long entry approaching on sand for five percent profits. Wait for bounce off the lower support levels and hopefully the next wave will break the resistance to the next higher level of support. We are showing the 10D ema above the 20 EMA and quickly approaching a cross on the 50(yellow) on the daily and well above on the 4H. Watch our as the market as of right now is slightly bearish, but a quick swing trade of 5 percent seems likely very soon.
SAND S&R T-Pattern>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
Everything is cleared on the chart.
In case of more market support,pass and stablize above 0.54 in D-time frame we can entry for long position to marked supply area's.(risky market)
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>
โ๐ฆSANDBOX- Is the Storm Over? ๐ดโโ ๏ธโ ๏ธCrypto = Risky assets
Metaverse = 2y Old hype which still will be Game ON at some point
SANDBOX= My favorite Metaverse project
CHART:
0.5932 is the Beach (with an i) Resistance we need to break
Once over 0.5932 we got game and a nice breakout higher
Targets:
0.68 and 0.9863 are first interim targets.
In the good case scenario we should be able to see 1.364 and 1.714
One Love,
The FXPROFESSOR ๐
SAND S&R LVL >>>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
Everything is cleared on the chart.
Chart pattern/support&resistance's/Important lvl.
It's published just to know the support and resistance of the currency price.not a signal.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>
SAND 2h TF CnH formation Hello Traders, BINANCE:SANDUSDT.P
As we see sand in completed formation of a Cup and Handle, and it has been trying to break that neck line been a couple of time, a break out from the nest neck could send the price to wards the 1st white dotted line and then eventually towards the second white dotted line above
At the time to charting this, SAND/USDT.P was trading 0.5360
Always DYOR โ๏ธ
Trade well my friends
Stay SAFU, and Let that Sink in ๐