SANDBOX (#SAND) Analysis & Forecast

18. Nov.

Hi Traders!
From a technical point of view, the trend is bearish in the short term, at the same time, SANDBOX has triggered an interesting technical rebound, and if it will still be able to trigger some consolidation around TARGET 1, we do not exclude a continuation of this swing also in the mid-term, with the potential achievement of TARGET 2. That said, on a daily time frame (logarithmic scale), SAND has reached an important resistance area, to keep the momentum alive it should be able to break it while remaining above the support area.

Thanks for watching.

25. Nov.

Trade geschlossen: Ziel wurde erreicht

With a 160% rally from our support area, Sandbox has successfully reached our Target 1 approaching the resistance area around 0.85. The short-term trend has returned to the upside on the daily chart, but at the same time, we still need 1 or 2 sessions to understand the technical structure that is forming. That said, from our point of view, #SAND still remains interesting in the mid-term, so we will continue to follow it.

Thanks for your support!