SAND broke out of this 16-day long falling wedge. Trying to catch this small pullback right there.
Entry: buy 0.79 -- 0.765 (or as long as it holds)
TP5: 1.171 (~53%)
note: this really feels like bottoming but SL is close, if I get stopped out I will look for...
There is a bearish structure on the Sand chart. As I wrote in the last idea, the market could make another wave of decline. It could gain liquidity and then go up. Globally, we are still in a bullish cycle. The price has now broken this structure and is about to test it as resistance. If that happens, it could be a good opportunity for local selling.
SANDUSDT (DAY CHART) Technical Analysis Update
New All time High
SAND/USDT currently trading at $1.035
Buy-level: Above $1.00 (Wait for the small retracement)
Stop loss: Below $0.750
Target 1: $1.25
Target 2: $1.50
Target 3: $1.75
target 4: $2.00
Target 5: $2.50
Max Leverage: 1X or buy it on spot
ALWAYS KEEP STOP LOSS...
I think that $SAND is potentially a good investment in case $BTC remains bullish scenario before huge correction.
- 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork...
The Sandbox is a virtual world based on the blockchain.
The main mission of the Sandbox platform is to successfully implement the technology of blockchain in mass games, allowing users to create, buy and sell digital assets in the form of the game.
SAND is a service token that simplifies transactions on the platform.
In recent weeks, coins that in one way or...
Sand can perform well in the long run. Currently in the retrace mode after giving breakout
from the cup and handle formation.
Holding strong support in Daily TF
can expect a bounce from
here to complete its long-term targets.
Already in price discovery for the past few days, I don't see this ending right away. The top of my wave 3 is set to $1.89, but I see this going much higher; we could see close to $4 depending on timing vs $BTC
There is the ODD (very odd) chance that we're in the B wave of an expanded flat, but the volume is suspect for this formation. I'm expecting a surge of...
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can...
-SAND has fallen nearly -20% over the last week
-Price has formed a symmetrical triangle
-45 MA is acting as resistance
The Sandbox (SAND) has exploded in popularity & users over the last year thanks to the ongoing NFT boom. Virtual artwork, game figures, documents, & much more has grown in great amounts over the last year as more and more people show their...