SANDUSDT.P trade ideas
#SANDUSDT (Watchlist) 4-2023Consider adding this BINANCE:SANDUSDT to your watchlist.
When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
W9-33 SAND BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
Analyzing the Price Trends of SAND Cryptocurrency SANDBOXThe growth of SAND cryptocurrency in the 2021 year has been nothing short of remarkable. In just 13 months (from 2020), the price of SAND rose from a humble 0.02$ to an impressive 8.00$. This meteoric rise has caught the attention of many investors, who are now scrambling to get in on the action. What is even more impressive is that this growth occurred after a time of great uncertainty in the world, as the COVID-19 pandemic was wreaking havoc on the global economy. Despite these challenges, SAND was able to grow exponentially, proving that its unique blend of gaming and blockchain technology is resonating with a wide range of people. As we look to the future, it's clear that SAND has the potential to continue its growth trajectory.
The SAND cryptocurrency experienced a significant price drop in 2022, with the token falling from its previous high of 8.00$ to just 0.37$. This decline took many investors by surprise, and many were left wondering what the future held for SAND. However, it's important to note that this price drop was not unique to SAND, as the entire cryptocurrency market experienced a bearish trend during this time. Despite this setback, the team behind SAND remained committed to the project, and continued to work on improving the platform and expanding its partnerships. In 2023, the price of SAND finally established a bottom, with the token hovering around the 0.37$ mark. While this is a significant drop from its previous highs, it's important to keep in mind that cryptocurrency markets follow same cycles over and over again.
Based on technical analysis of SAND's chart and its Fractal structure, it's possible that the token may experience a price increase in the coming months. The chart indicates that SAND has been consolidating in a range between 0.3$ and 0.8$ for several months, which could indicate a period of accumulation by investors. Additionally, there has been a recent uptick in trading volume, which may signal increased interest in the token. Based on these factors, it's possible that SAND could see a price increase in the spring or summer of 2023, with the token potentially reaching levels of 2.0$ to 2.56$.
SANDShort Term: %27
* Adam and Eve formation
Mid Term: More than %200
4HR:
Bullish Strength: 34
* MA7 > MA25 > MA99
* MA50 > MA100 > MA200
* Supertrend is long
* Price > MA7
* Price > MA50
* Price > Tenkan Sen
* Price > Kijun Sen > Kumo
* Chikou Span > Price
* MACD > 0
* Upper Bollinger Band Breakout
Bearish Strength: 3
* StochRSI Overbought
SANDUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SANDUSDT
In this chart, R3 and R2 are our resistance areas in which the unsuccessful triumphs of price is clearly seen. R1 used to be a support area. And at the bottom of the chart, we have S1 that is the long-term support line and expresses the support of price at different points. Presently, the price is fluctuating below R1 after being rejected several time by this area and we believe the price would give us two options. Either by giving us some rising signs after falling to S1, the expectation of an increase up to R1 and R2 is probable. These are the good points for saving your profits. Or the price is not supported and falls below S1 and faces a decline to lower amounts via receiving some confirmation candles in order to fall. Note that it is recommended to wait for the price to reach S1 and then put their trade orders; for those who are seeking higher risks. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck