The Sand Box (SAND) Update 25/03/2021
Since reaching a new ATH @ $0.79 on 13/03/21 SAND has been consolidating after retracing down 36% from this ATH to $0.50 in just 4 days from this new ATH . It has been sitting in this beautiful range between 78.60% to 61.80% showing us signs of a weak retracement as we wait for the Bulls to come back into the market to push the price higher. Although some selling pressure has been present, a triple bottom has formed giving us confidence of a sentiment at this key and we expect the price to continue to climb and the Bulls to take control as we search for a new ATH @ 127.20% Fibonacci level. Be patient, use the Buy Zones to map out your buys or DCA to accumulate. There is very high probability of setting a new ATH @ $0.96 after testing the previous high @ $ 0.79. A potential 69% Gain from the 61.80% Fibonacci level here. Happy trading :)
*Update from March 15th 2021
Buy zone or use the 78.60% Fibonacci level as a buy limit @ $0.579. The Sand Box (SAND) is still looking parabolic and is still in search of new ATHs. Since the 13 crossed up the 50 signalling a buy signal, the price of SAND has gone up by 190% from $0.20 to $0.68 in just over 2 weeks. Since this huge move towards the upside we have still not had a big correction in price, so if you would like to buy in, use the buy zones to map out your buys. Potential 50+% gain to the 127.20 Fibonacci level. Our next price target at the 161.80% Fibs is $0.99 (70% Gain), we could see $1 SAND before the end of the month with the current momentum to the upside.
Buy zone 1 @ 78.60% Fibonacci level, enter here.
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community. *