SAND has been on a growth path the last few weeks. Of course this was partly driven by Facebook its rebranding to META, pushing other metaverse coins to new highs as well.
On top of that SAND has announced its long waited launch later this month (29th of Nov) for an exclusive group of people at first. This news, along with its strong set of partnerships is making SAND its price push almost instoppable. What is beautiful to see as well is that the positive sentiment around SAND makes it barely sensitive to the price movements of BTC.
On the chart you can see that it has passed the 0.618 fibo extension line and is now heading to the 1.618 followed by the 2.618. My guess is that it will reach the 1.618 today or tomorrow, after which a small retracement will follow. I dont expect it to go back all the way to its previous fibo line but that it will bounce back and make course to the 2.618 of $9.5 dollar. This will be the point where I will sell as I do expect a bigger retracement from that point.
After that happens I will look for another entry point on lower pice levels, as I believe that the metaverse coins are going to be super bullish in 2022 and beyond and are therefore a great investment.
#notfinancialadvice
On top of that SAND has announced its long waited launch later this month (29th of Nov) for an exclusive group of people at first. This news, along with its strong set of partnerships is making SAND its price push almost instoppable. What is beautiful to see as well is that the positive sentiment around SAND makes it barely sensitive to the price movements of BTC.
On the chart you can see that it has passed the 0.618 fibo extension line and is now heading to the 1.618 followed by the 2.618. My guess is that it will reach the 1.618 today or tomorrow, after which a small retracement will follow. I dont expect it to go back all the way to its previous fibo line but that it will bounce back and make course to the 2.618 of $9.5 dollar. This will be the point where I will sell as I do expect a bigger retracement from that point.
After that happens I will look for another entry point on lower pice levels, as I believe that the metaverse coins are going to be super bullish in 2022 and beyond and are therefore a great investment.
#notfinancialadvice