Tech

Analiza cijena SAND-a: Invertirani H&S obrazac nagoveštava bikovski preokret u SAND cijeni; Dobro vrijeme za ulazak u Longs?

01/28/2022
Bitcoin Ethereum vijesti

During the retracement phase, the SAND price lost almost 70% from the All-Time High of $8.48. The token price has plunged to $3.3, where the demand pressure near 200-day signals a bullish reversal. Moreover, recent news about Warner Music Group (WMG) entering the metaverse through Sandbox with its Music-centric theme park.

Ključne tehničke tačke: 

  • Dnevno-stohastički indikator pokazuje bikovski prelaz između K i D linija
  • Unutardnevni obim trgovanja SAND tokenom je 1.3 milijarde dolara, što ukazuje na gubitak od 3.6%.

Izvor- Tradingview

In our last coverage on kutija s pijeskom technical analysis, the SAND buyers lost the 50% retracement mark($4.4). However, under the influence of bearish sentiment around the crypto-verse, the bear attack continued and dropped the token to $2.75, indicating more 17% devaluation.

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  • However, the buyers defended $2.75 SAND price mark, and along with the support of 200-EMA, the SAND price bounced back. The SAND/USD pair shows a 30% ROI from the recent low and has managed to reclaim a minor resistance of $3.3, teasing a recovery opportunity.
  • The daily-Stochastic RSI providing a bullish crossover of the K and D line is steadily approaching the midline. 
  • However, the daily technical shows a bearish crossover of the 20 and 100 EMA, luring more sellers to the token.

Inverted H & S Pattern Brings Bullish Opportunity In SAND Price

Izvor-tradingview

The recent recovery in SAND price shows an inverted head and shoulder pattern in the 4-hour time frame chart. The SAND price is currently retesting the $3.3 neckline after a bullish breakout, providing a long entry opportunity for traders.

With the price sustaining this breakout, the SAND/USD pair could rise to the $3.82 mark in the coming week.

The 4-hour moving average convergence divergence offers extra confirmation for this pattern breakout as both the MACD and signal jumps above the neutral zone(0.0)

  • Nivoi otpora - $3.8, $4.4
  • Nivoi podrške su $3.3 i $2.7

odricanje

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Source: https://coingape.com/markets/sandbox-price-analysis-200-day-moving-average-holds-declining-sand-price-has-correction-phases-ended/