Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
Sandbox has fallen since march to reach important support level. However, end of this month could be bullish due to several factors
1- SAND fell to the important level of support 2.67, then bounced back up strongly.
2- The RSI indicator showing SAND has been oversold by reaching under 30 index twice in a single week.
3- The down trend-line along with the upper trend line of the RSI indicator indicates a possible breakout.
4- Finally, NFTs still on fire!
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
Sandbox has fallen since march to reach important support level. However, end of this month could be bullish due to several factors
1- SAND fell to the important level of support 2.67, then bounced back up strongly.
2- The RSI indicator showing SAND has been oversold by reaching under 30 index twice in a single week.
3- The down trend-line along with the upper trend line of the RSI indicator indicates a possible breakout.
4- Finally, NFTs still on fire!
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.