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SAND Sandbox Crypto Coin Price News Today – Technical Analysis Update and Price Prediction!



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SAND Sandbox Crypto Coin Price News Today – Technical Analysis Update and Price Prediction!

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Hello and welcome to another update video about sand sandbox we haven’t covered sand um a while well for a while now um but really there was no need nothing changed the wave count didn’t change I didn’t even move them um I just moved the labels back into place a

Little bit um but overall yeah nothing has to nothing has to change and I added the potential targets here for a third wave to the Chart I have to say this is not a very clear chart at Best in my opinion a diagonal pattern um that would

Be my interpretation okay or a large ABC so it’s not an Impulse um few messy structures here a lot of overlaps surely you can you can probably um find different interpretations for that but I rather warn um with regards to warning I’m I’m not saying I’m bearish I just

Mean that if you know with diagonals you get these corrective structures in the sub waves however we also have some clear levels to watch that we can um that we have identified and that we want to talk about in this video um first of all the main bullish support level that

We already talked about in the last video that is the 78.6 retracement level that you find here on the chart um at 33.4 and this level we did say well as long as this level is holding there isn’t really a need to go bearish on the

Sandbox or sand okay um and the sand token really um so that level obviously wasn’t even broken or tested so that’s good you know not saying we needed to test it or anything it’s simply the Line in the Sand between bearish and bullish which is indicated by the red arrow

There so a break below that level at around 33 and a half cents would indicate that we head to a new bare Market lows but we’re well above that all good okay um while it’s good to be cautious whenever we’re dealing with a large ABC structure or with a diagonal

It it doesn’t mean it’s bearish so then it’s possible that yellow wave B is for example in in the yellow count we’re dealing with a diagonal pattern so we had three waves up in a wave 1 as an ABC structure which is normal in a diagonal

Then a wave two so three waves up three waves down in wave two um a possible five wave move up in wave a then a b-wave pullback and this could be the start of a c-wave rally now then we should still get another four and another five so

Basically just 1 2 3 4 five and and the sub waves are ABC structures which I’ve called out separately in the third wave you’ll often find that in the third wave the ABC structures are very well defined um so yeah so that’s what I’m watching and what could we highlight as

A key Target for a third wave normally I want the target to be read well minimally it’s the 1.2 36 extension at 70.2 cents keep that level in mind first ideal Target 7 5.8 cents but in addition to that we can check if we get some Confluence by measuring the length of

Wave a we go to the low of wave B and then we are watching normally for the 100% extension level that’s the a equals c Target where we say they often have the same length and that’s at 78 and a half cent so very very close to that 75.8 Cent level

Which is the first ideal Target for wave three so between 75.8 78.5 cents there seems to be some Confluence right so um seems like we’re entering a resistance area above 70 anyway because that’s where the minimum Target sits actually but um yeah could go a little higher but

Then we should get some resistance there and as soon as we reach the minimum or ideal Target for wave three I’m going to add another support area for wave four and then wave five should end one or two FIB levels higher than the third wave top uh in an alternative scenario we

Have a b wve here White Wave B okay this is probably what would come into play so it could be either already unfolding now we will see that if the SE wave is impulsive or the structure more clearly suggests a five wve move up because that would be the c-wave um but

In terms of targets I don’t think they will be much different or if we get another break below the last swing low so if we see a break below 42 cents that would be a signal that we can still explore a larger correction in wave B so basically a wave to the

Upside then an A B C structure in wave B and then we could get a c-wave but again then the 33.4 Cent level that important marker here on the chart will be relevant again all right so that will remain relevant actually so even if the B wve extends it should really ideally

Not break below that 33.4 Cent level so we can keep it simple and say that against that level we can focus on higher prices and in the very short term as long as above 41.8 cents the last swing low the 6th of February low we can focus on higher more directly with the

Next minimum Target of 70.4 cents 7.2 cents and the first ideal Target of 75.8 cents that’s my update about sand hope you like the update if you did please hit the like button leave a comment and subscribe and if you really like the content then please check out the

Channel membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching bye-bye

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