The Sandbox, future giant of Metaverse, NFT and DeFโโ
(One my most favorite crypto project )
๐Since Mar 9, 2021 that I've posted sandusdt chart, it exactly reached to my targets and even went beyound ( by more than 2000 % profit)๐ฏ๐ค .
๐
so now
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๐๐TECHNICAL ANALYSIS
As you can see on the weekly timeframe for pair of SAND/USDT , Its trading about $3.2 right now .
The sandbox has been growing in a strong uptrend channel since its released in exchanges , and as we know , it has been powerfully growing due to its strong fundamental , and formed a 5 waves of Eliot waves and finally reached to 8.48$ as its ATH , so then after than entered in downward phase . what I expect as usual now is to continue its downtrend until completing its ABC correction waves.
but if sand be able to breaking up the resistance zone it may continue its uptrend again in this case, otherwise I think it maybe have pullback to resistance area and continue its declining again , althougt its not really easy to breaking down the support area close to bottom of its channel but if it happen it can go down to volume gap or even to the lower strongest support area .
๐resistance levels: 4.88$- 5.3$ / midline of channel
โ๏ธsupport levels: $(2.44-2.80) // trendline of channel // $(1.25-1.5) // $(0. 5-0 .85)
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
(One my most favorite crypto project )
๐Since Mar 9, 2021 that I've posted sandusdt chart, it exactly reached to my targets and even went beyound ( by more than 2000 % profit)๐ฏ๐ค .
๐
so now
--------------------------------------------------------------------------------------------------------------------
๐๐TECHNICAL ANALYSIS
As you can see on the weekly timeframe for pair of SAND/USDT , Its trading about $3.2 right now .
The sandbox has been growing in a strong uptrend channel since its released in exchanges , and as we know , it has been powerfully growing due to its strong fundamental , and formed a 5 waves of Eliot waves and finally reached to 8.48$ as its ATH , so then after than entered in downward phase . what I expect as usual now is to continue its downtrend until completing its ABC correction waves.
but if sand be able to breaking up the resistance zone it may continue its uptrend again in this case, otherwise I think it maybe have pullback to resistance area and continue its declining again , althougt its not really easy to breaking down the support area close to bottom of its channel but if it happen it can go down to volume gap or even to the lower strongest support area .
๐resistance levels: 4.88$- 5.3$ / midline of channel
โ๏ธsupport levels: $(2.44-2.80) // trendline of channel // $(1.25-1.5) // $(0. 5-0 .85)
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
