Falling Wedge Breakout for SAND/USDTSAND/USDT just broke above the very clear falling wedge in the 4H , which started its formation around the 29th of November.
Currently waiting for a retest on the trend line to enter a LONG position.
My SL will be set a little bit below the base of the triangle and my TPs as seen on the chart.
Sandusdt
Keep an eye on SAND - We could see a break to the upside soon!Here's a quick Look at SAND 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a break to the upside soon. The best entry would be, when the price breaks above 5.8$ with good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy when the price breaks above 5.8$ and take profits at the levels shown in the chart.
Targets:
1. 6.2$
2. 6.7$
3. 7.6$
4. 8.4$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Sand is doing something GOOD!Hey guys, this is Julie 😄
Let's analyze this sweetheart today. Sand is amazing, right? To go from under $1 to $8, this is really amazing. If you (like me) couldn't take advantage of this super high, maybe this is our chance!
Although Sand has been falling since November 25, the trend is still bullish if you look at the weekly chart. In fact, it is quite normal to fall after such a big high. I believe that Sand is just resting for a while, to continue rising later.
Looking at the daily chart, we can see that today's candle seems to be forming a Bullish Harami pattern, and this is a good buy signal!
It is in the same region as before, which seems to be a support level (pink line). Below this area we have the yellow line, which was the lowest point in December 04, and almost the close on November 22, I think this could also be a resistance.
It is in the same region as the 21 EMA as well, I like to use this for buy confirmation.
Because I believe in its potential, I would really buy Sand, this seems a nice and technical point to buy.
It's such a good crypto, right? Sand has a huge potential, I really like cryptos like this, with good plans for the future.
I know someone who bought sand for less than $0.27, just because he believed in its potential (he is really happy now hahahah).
And he was right, sometimes you should buy even without confirmation, just because you believe in the project.
And that's it. Thanks a lot for reading my analysis! I hope you enjoyed it. 😊
Remember to support me with your like and subscription, I really enjoy writing these analises. 😄😉
Have a good weekend, bye bye!
SAND | Classical Descending Wedge Formation..!!
#SAND (Update)
Classical Descending Wedge Formation in 4H timeframe Chart.
So far Looks Bullish But Still Bullish Need Strong Volume for Upside Breakout.
In Case of Upside Breakout, Expecting +60% bullish Wave..
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Thanks for Your Love & Support..!!
SANDUSDT (SANDBOX) : 10.DEC.2021 (HODL)Examining the #SANDBOX , we see that the price has reached a strong support range and is one of the lowest risk cryptocurrencies on the market for investment. I suggest you have a personal review on it for buying and invest and if you already have it, I suggest you to keep it (HODL) .
SAND Price Live Data
The live The Sandbox price today is $5.25 USD with a 24-hour trading volume of $1,630,667,641 USD. We update our SAND to USD price in real-time. The Sandbox is down 2.99% in the last 24 hours. The current CoinMarketCap ranking is #38, with a live market cap of $4,793,018,383 USD. It has a circulating supply of 913,364,619 SAND coins and a max. supply of 3,000,000,000 SAND coins.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
⌛🦜 SANDBOX - Updated Chart ⛵Updated chart, hope you like it.
News:
Just 4 metaverse projects sold $106 million in virtual land last week, with The Sandbox taking a massive lead: DappRadar
Metaverse Coins Comparison – Decentraland (MANA) vs. The Sandbox (SAND): this guy prefers Decentraland but Sandbox is prefered by the Professor...
Coin Bureau Host Explains Why He Is Bullish on Axie Infinity, The Sandbox, and Netvrk
Let's go Sandbox!
the FXPROFESSOR
SAND can fly from this zone! Buy just in this caseSAND Short term Analysis
SAND is near a strong support zone, So this can be a good opportunity for buying this strong project's coin here.
4.5$ is a strong support zone, so you can buy one step near that area, The safest buy is when breakout has completed. So you can buy in retest.
If we lose this strong support zone, The next target will be 3.5$ zone.
WILL GALA MAKE ATH AGAIN??After making ATH at 0.8$ GALA is having a correction and is testing 0.5 fibonacci level & EMA20. If GALA breaks and sustain 0.382 fibonacci level LONGS can be taken else if GALA breaks 0.5 fibonacci level sorts can be taken targeting 0.6 level as there is also a EMA50 strong support.
🔔SAND/USDT Long opportunitySAND is trying to break out, volume isn't convincing but still there is a lot of potential upward movement to be made. If we manage to break out and re-test in order to make confirmation then it shall fly or it can fly without retest. There is a GC on 1hr timeframe on MACD which allso suggest upward movement, RSI is in bullish zone.
Always manage your risk well. Don't risk more than you can afford to lose.
It is not a financial advice, I'm just sharing my personal view.
SANDUSDTWe are in the daily timeframe. As you can see, the price has hit our support line several times,one, two, three, four times and now is moving up. There is a resistance line which the price has hit several times and has not been able to move past it. As you can see we have a price congestion here where if the price hits, it can be supported and move up. But if the price breaks this support line and move down, our falling scenario will be confirmed. It will make a pullback and then fall. We need to wait and see if it can break this support line which will then turn into a resistance line. This is a little far-fetched. If the price is supported at this line overhear and go up, it can see our numbers.
SAND throwback in progressSAND looking to retest the descending wedge top and bounce back up to top of wedge. Would like to see a 5.73 to signal the start of the move up.
Target potential to the top is 43%. First resistance should be at 6.02 which would be a 9% move from here.
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
SAND Short 200 DEMA denial I am calling a short term short on SAND based on the recent 200 DEMA denial coming on strong volume on my one hour chart. As pointed out in my chart this is the second strong denial of the 200 DEMA in the last handful of days.
SAND just does not simply look ready for a breakout, I believe it will continue to trade in this current channel until the fear/greed index starts moving out of "extreme fear" and towards neutral/greedy.