SANDUSDT.PS trade ideas
$sandHello Trader BINANCE:SANDUSDT.P
Note the condition of the pair sand is currently at its 4-hour support
you can go long.
but has not bounced back or retested the area.
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SANDUSDT's Trendline Break: A Path to 81% Gain?💎#SANDUSDT has recently showcased a double bottom pattern on the daily chart, coinciding with the price reaching the lower boundary of the declining channel. This alignment with support triggered a decisive bounce, reflecting strong demand.
💎Following this upward movement, #SAND entered a consolidation phase, remaining under the influence of the long-term downtrend trendline. However, the price has now approached a critical support level, marked by the 61.8% Fibonacci retracement at $0.3900. The ParadiseTeam's focus is now on this level, as holding it, coupled with a break above the downtrend trendline, could significantly amplify buying pressure. This scenario presents an attractive risk/reward opportunity with a high likelihood of success.
💎After breaching the trendline, the price has the potential to reach the 38.2% Fibonacci resistance, aligning with the 200 Simple Moving Average. This translates to a growth potential of 44%. But the prospects don't end there; if #SAND surpasses the 200 SMA, the next target could be the 61.8% Fibs, offering an impressive 81% gain.
💎On the bearish side, temporary dips below the current support at the 61.8% Fibonacci level may occur without negating the bullish outlook. However, a price drop below the $0.3310 low would serve as a warning to buyers.
💎Ladies and Gentlemen of ParadiseClub, stay tuned as we navigate the dynamic world of crypto, where staying informed and adaptable is key. Happy trading! 🌴
SANDUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
A 1/7 RR Opportunity on SANDUSDTA 1/7 RR Opportunity on SANDUSDT in a correction leg.
Enter if your Setup approved.
Look forward for your idea
BMZ-ir
Shifting SAND' of Crypto: An In-depth Journey into the Sandbox To begin, let's delve into understanding the fundamentals of SAND.
The Sandbox is an innovative, decentralized gaming platform that utilizes blockchain technology and non-fungible tokens (NFTs) to provide a unique play-to-earn model. This platform allows players to create digital assets, customize their own games and immerse themselves in an array of interactive hubs, environments, and experiences. Moreover, they can monetize their digital creations by selling them via the Sandbox Marketplace in exchange for the native cryptocurrency, SAND tokens.
The Sandbox universe is subdivided into 166,464 units of virtual real estate, referred to as LAND. Players can populate their LAND with games and ASSETS, or they can amalgamate several LANDs into larger estates. The ASSETS, or components of the virtual world, are categorized into entities and block ASSETS. Each of these ASSETS has a certain value in SAND and can be sold or traded at varying prices.
Having established the basic concept, let's shift our focus to the historical price trajectory of SAND.
SAND was launched on the OKX exchange on April 2nd, 2021, amidst an all-time high market for Bitcoin (BTC) and Ethereum (ETH). Post-launch, SAND underwent a substantial fall from its initial price of $0.7060 to $0.1740, marking a 75% decrease. Interestingly, this price level became a major structural low as it has not been revisited since.
Despite the downtrend of BTC and ETH, SAND broke the resistance level of $0.27 on July 4th, 2021. This shift sparked investor interest in alternative cryptocurrencies like SAND. Consequently, the token witnessed a remarkable 2650% surge within 150 days, averaging a day-to-day increase of 18.27%.
However, on November 25th, 2021, SAND reached its all-time high at $8.49 but failed to maintain above the critical support/resistance zone at $7.5125. As weaknesses began to appear across the industry, a downtrend ensued with the price plunging 70% over the following 150 days. Notably, the price frequently rebounded from the support/resistance level of $2.5520 until it was breached, leading to an additional 85% fall to the support level established in April 2021.
So, where does SAND stand today?
As of recent observations, after managing to hold above the major support/resistance zone at $.3850, SAND rallied to $.46 and above before encountering a substantial sell-off. It's important to note that a strong downtrend has been in place since May 10th, 2022. The most recent rally against this trend originated from the support level at $.3850, also forming an Area of Interest (AOI) ranging between $.4890 and $.52.
Furthermore, the emergence of a potential uptrend suggests that the price may have difficulty breaching the current resistance level at $.46.
Let's now consider the crucial technical indicators:
Both the 50-day and 200-day Exponential Moving Averages (EMAs) are currently bearish, with the price unable to breach the 50 EMA in its recent attempt. This, coupled with the downward trend of both EMAs, indicates a possibly bearish sentiment.
In terms of algorithmic trading, 2 out of 3 ROBO indicators currently suggest a bullish sentiment on the daily timeframe. Using these two indicators in tandem provides a neutral outlook, suggesting it might be prudent to wait for an optimal entry point for long positions.
What should we anticipate going forward?
For SAND to trend upwards, traders and investors will need to see a break above the current resistance level, which could alter market sentiment towards the project. Conversely, if SAND fails to do so and breaks the present daily uptrend, it may return to and possibly sweep past previous lows at $.4105 and $.3975, marking a 1.5 - 5% decline from the current price.
Should there be a market-wide sell-off for BTC and ETH, SAND could potentially test the major structural support at $.3850, which also serves as a crucial psychological level.
SAND Bullish reversal on weekly OB
SAND is approaching a high probability weekly OB.
If a 4H bullish reversal is put into place while in this OB zone, it could lead to a decent upmove.
SANDBOX - Time to Buy? ⌛🦜Let's start with the news:
''Lookonchain revealed that 127 million SAND was transferred from wallets belonging to The Sandbox.
Token Unlocks noted that 332.55 million SAND will be unlocked in the next 10 days.
A drop below the minor support level at $0.3970 could see SAND drop to $0.3746. ''
Now TECHNICAL ANALYSIS:
TP beats news almost every time in crypto and see support and structure I want to buy from.
0.383 is valid, huge support and the price seems ready for higher
0.59 is the first area where profit will be taken in that case.
WHY?
I believe the SANDBOX has had it's 'crisis' together with the industry but is still poised for many successes in the future..
Can it make history?
The British Museum says yes: British Museum Ventures into Metaverse with The Sandbox
The Sandbox, an Ethereum-powered metaverse, has announced a partnership with the British Museum to create a range of digital collectibles that mirror the museum’s collections since its inception in 1753. The British Museum, known as the world’s first public national museum, is now stepping into the metaverse, aligning with its mission to be a “museum of the world, for the world.”
This collaboration, facilitated by the museum’s licensing partner, LaCollection, aims to provide a new, immersive way for people around the globe to engage with the museum’s artifacts. The focus is on developing digital experiences that encapsulate the rich history the museum represents.
Let's go SANDBOX
The FXPROFESSOR
SAND USDT PERP BEARISH PENNANTHello Trader BINANCE:SANDUSDT.P
looking at the sand usdt pairs chart there is price weakness and indications for bearish pennat, can be short for the limit area that I have determined.
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Disclamer: Not Financial Advice
🔥 SAND Bearish Triangle Break Out: New Lows ComingSAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle.
Please wait for the break out to confirm with the price closing below 0.325 on the daily chart.
My target is the 2021 lows, which could be the bear market lows, we'll see by then.
SANDusdtAs of now, I have a quick TA for SAND, and it remains bearish with no sign of an uptrend. However, if it breaks its resistance, the perspective will change
Keep an eye on $SAND/USDTDid you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
Sand/USDT - Sideways Trade PlanSand/USDT is moving sideways in the 1-hour time frame. We can trade this pair based on their support and resistance levels if the pair breaks the 2nd resistant level we may enter a long position having SL below 1st resistance. Also, we may place a sell stop on the breakdown of the 2nd support level with SL above 1st support.
SANDwe can take a long on the sand as we can see it is on the support and we can expect a bearish move from here hold it tight
Sand watch outMy bias here is downtrend in 1 day tf see the trendline (violet) it touch 3 times but still no breakout it is currently sitting in 1st support (skyblue) and trendline (violet) wait for breakout and entry for short also see the (violet) trendline it forms bear flag a bearish pattern wait for bearish candle and take profit in 2nd support (sky blue) and there is also a pivot line support in it
SAND mid term play?Literally can't get rid of these cancer ranges.
Will our overlords finally Bid?
Pros:
Acceptance into the range might finally get some Bids going.
Cons:
No Narrative
No News around Sand
Invalidation is clear
(If everything goes to shit, I would not be surprised if they hit the SL's below and then back into the range.)
#sand sortsand is moving within the range but we can see a clear breakout because a candle is closing below the support.
#LQR #TOBTC #SANDTheres a important Confirm level ahead... which is need to break and Confirm first
important support and weekly resistance are painted on Chart... Folllow these level and do what you must.
SAND USDT PERPHello Trader BINANCE:SANDUSDT.P
bearish pennant but can still be long this earlier I pulled the poc from LL to HH it is in the support area
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
SAND/USDT bullish ride 👀 🚀 The sandbox today analysis
💎 t's currently trading in a demand zone, setting the stage for a potential bullish move. We've also noticed a descending channel pattern that's on the verge of a breakout.
💎 Previously, we saw the demand zone turn into a supply zone, causing a significant downward price movement. The market has since grabbed buying liquidity and mitigated the previous imbalance.
💎 Currently, SAND is maintaining strong momentum above the 21 EMA, which further bolsters the potential for a bullish journey.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Sand Daily ( Buy Scenario ) "In the daily timeframe, SAND has repeatedly encountered its dynamic resistance, and currently, it is experiencing significant compression below this level. This compression could potentially lead to a breakout to the upside once it overcomes this pressure
