ready for breakout? metrics are poised for a breakout
Will we be thrown towards the moon? The general trend in daily timeframes is upward. In terms of Fibonacci levels, a pullback was at 61.8%.
So Far, Historically the Reversal Zones Indicate that SAND is Having a Correction Every Time Approaches the Low (Orange Line), (Mid, and Top Resistance Red Line Levels) Expecting price to move in sideways in the coming days and may Re-test support at $6.69-$6.02 (Green Box) Before continue to the uptrend and break above the Mid Red Line /Red Box if this...
When the price broke the upper trend line of the wedge my prediction for the profit taking zone was 38% from the bottom of the wedge, based on the using the price range measuring tool to measure the open end of the wedge which was 38% at 23 bars. This time was dead on as we can now see retracement once 38% increase happened.
Where I see Sand coming down to retrace to then rally higher to these Weekly and Monthly Price targets. Not financial advice, just sharing bias.
Seeing some decent confluence for buying Sand in the 4.x's... - 21 daily EMA - Fib 0.786 - Major support level Will ladder in for longer wicks...
Comparable points in yellow and red (labelled a,b) I have placed a line (in white) how I think the indicator will play out I believe the channel will break during this bull move
This is the long term outlook for a max efficiency play. Currently, watching for price to expand to complete the 5th Elliott wave before forming a harmonic during the retracement to create price data for a more refined analysis. Upside price goals are at $6 and $8.
Intermediate 123 is almost complete with 5th of the 3rd crazy big wave. Aiming for 40% drop from 7.70 range. Will look for a long entry for wave 5 of higher degree.
Our current Target for Sandbox is at the full fib extension @ $34. To put this in perspective, If The Sandbox had a market cap of $30.3B, 1 SAND would be worth $34.00, an upside of 337% from the current price level. This move may not be so straight forward as we haven't experienced any huge profit taking since the start of this parabolic run on the 26th October....
My idea SAND HH level now. I think whale is sell them coins here.
At the moment of writing, SAND has passed the 1.618 fibo line and is currently testing it after a small retracment. If it holds (and I assume it will) I am sure we will see some further upside to $9.5. Where I am a bit worried about though is the big blue trendline, which you might be able to see if you zoom out. To my opinion it is very unlikely that the price...
Intermediate 1 2 complete Intermediate 3 has just kissed the top line of the Termination Channel ( 243 of minor 5 of Intermediate 3) Reversal is expected. Grey channel - Base Channel Green channel - Acceleration Channel Red Channel - Acceleration Channel
Currently, i believe this asset is crazy overbought, and as such, some selling is incoming. However, i am bullisj longterm due to the effects crypto gaming have had geopolitically. I have highlighted the supports and resistances we might see tested on a pullback. I will keep looking.
Weekly: Bullish Bar candle and structure Visible on 12hr Tm. 12hr: Consolidation Breakout and Clearly visible on 4hr: 4hr: Retest of Resistance Turned Support.. TP: There is no Previous tested Price Level, better to base Probability on Fibs, Until a Zone is Created..Most traders will wait for Market to Mature first.
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...
🎯Sandbox is on fire retesting the demand zone which could fire it up to 5.3. which is the top of the channel. I bought 100 Sands. Lets see. This is a pre-plan M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at the institutional level if all conditions are met. ✅ Traders, you are welcome to share your charts, thoughts and questions...
beautiful next leg for sand staying in price discovery mode... exciting to see where the top might be.. take a guess in the comments :)