Hi Traders
SANDUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 0.3198 resistance level. Only the downward break of 0.3077 would cancel the bullish scenario.
Trade details
Entry: 0.3198
Stop loss: 0.3077
Take profit 1: 0.3273
Take profit 2: 0.3390
Score: 6
Strategy: Bullish breakout
A large falling wedge pattern on this pair and the daily chart for SAND.
Falling wedges love to break out bullishly.
Horizontal line shows a potential support once price breaks above it.
Bullish.
Traders,
Admittedly, I am making this trade partially because I am a little bored with this price action in the crypto space lately. But, SAND is oversold and it has been for a few weeks. I expect a pop anytime now.
Additionally, you can see we are still in a bullish descending triangle. Now, in a bull market, this would be highly bullish to exit. However, I...
Sand has been stabilizing around 1.30, historical volatility in this instrument is usually much higher. I have a bull bias. If bitcoin runs up I expect sand to go to 1.90, potentially 2.30 within the next month. A long trade with stop loss at 1.25, entry at 1.31 and take profit at 1.91 would give a 9.83 risk reward trade. Risk 1% of your portifolio to potentially...
Sorry for the clickbait title but I am feeling the vibe on this one. I know, I know. Targeted by the SEC as a security. But, on the other hand, one of the tokens legalized by the Hong Kong market. Outside of debates regarding fundamentals, let's dive into what the technicals seem to be showing us!
First, take a look at the beautiful triangle! Dang son, it don't...
I am very interested in the metaverse. In this post, I list the 1.618 fib extension level, which, should be the peak of the next bull run. Accumulation time is in.
Hi Traders
SANDUSD (4H Timeframe)
Waiting for the downward break of 0.433 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.462 would cancel the bearish scenario.
Trade details
Entry: 0.433
Stop loss: 0.462
Take profit 1: 0.417
Take profit 2: 0.387
Score: 6
Strategy: Bearish reversal
The MACD gives it away.
The Sandbox starts to recover after hitting a new low. Notice that the low this month is lower than late Dec. '22.
Now, look at the MACD:
We have a higher low, June '23 vs Dec. '22.
The next signal is the bullish cross, when the MACD line (blue) crosses upward the signal line (orange).
The histogram has gone green as well which lends...
Traders,
SAND is in prime position to move even higher than it already has these past few weeks. I haven't entered this trade yet but may soon pending these occurrences:
I want to see a move above the 200 day ma with confirmation
I want to see a break above the red descending TL
I want to see a move above the Ichimoku cloud
What we have:
A breakout...
Hi Traders
SANDUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.541 resistance level. Only the downward break of 0.517 would cancel the bullish scenario.
Trade details
Entry: 0.541
Stop loss: 0.517
Take profit 1: 0.555
Take profit 2: 0.579
Score: 8
Strategy: Bullish breakout
The RSI structure here heavily favours the bulls as the rise up has already began in comparison to others where they are still in free fall phase
I expect a double bottom on chart and a complete reversal
SANDUSD looks bullish.
Not the best entry now and kina difficult to setup the stop loss but the trend continuation is very likely now so if you wanna take a risk and long SAND, you can catch the uptrend continuation now.
Take profit levels / targets , stop loss are shown on the chart
We can clearly see a bullish flag formation, but there is a divergence on the RSI and the trend has been reversed. so we can take a possible short trade with the following setup:
It is expected that the rise to the specified areas will be a corrective rise, not an impulse, including the drainage of another strong last downward process
Hi Traders
SANDUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.708 after the market found support at 0.665. Only the downward break of 0.665 would cancel the bullish scenario.
Trade details
Entry: 0.708
Stop loss: 0.665
Take profit 1: 0.773
Take profit 2: 0.839
Score: 8
Strategy: Bullish wave LTF
