THE SANDBOX - SAND/USDT - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 1.31 USDT
My targets
1.27 USDT (-0.78%)
1.23 USDT (-3.91%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.31 USDT remains possible. It is advisable to trade THE SANDBOX - SAND/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.31 USDT. The next bearish objective for sellers is set at 1.27 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.23 USDT. In case of crossing, the next objective would be the support located at 1.19 USDT. PS: if there is a bullish break in the resistance located at 1.31 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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Additional analysis
Quotes
The THE SANDBOX - SAND/USDT rating is 1.28 USDT. On the day, this instrument gained +1.59% and was traded between 1.26 USDT and 1.31 USDT over the period. The price is currently at +1.59% from its lowest and -2.29% from its highest.1.26
1.31
1.28
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE SANDBOX - SAND/USDT:
Technical
Technical analysis of THE SANDBOX - SAND/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.19 | 1.23 | 1.27 | 1.28 | 1.31 | 1.35 | 1.40 |
| Change (%) | -7.03% | -3.91% | -0.78% | - | +2.34% | +5.47% | +9.38% |
| Change | -0.09 | -0.05 | -0.01 | - | +0.03 | +0.07 | +0.12 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.14 | 1.19 | 1.22 | 1.27 | 1.30 | 1.35 | 1.38 |
| Camarilla | 1.24 | 1.25 | 1.25 | 1.26 | 1.27 | 1.28 | 1.28 |
| Woodie | 1.14 | 1.19 | 1.22 | 1.27 | 1.30 | 1.35 | 1.38 |
| Fibonacci | 1.19 | 1.22 | 1.24 | 1.27 | 1.30 | 1.32 | 1.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 1.00 | 1.17 | 1.30 | 1.47 | 1.60 | 1.77 |
| Camarilla | 1.26 | 1.29 | 1.31 | 1.34 | 1.37 | 1.40 | 1.42 |
| Woodie | 0.89 | 1.01 | 1.19 | 1.31 | 1.49 | 1.61 | 1.79 |
| Fibonacci | 1.00 | 1.12 | 1.19 | 1.30 | 1.42 | 1.49 | 1.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.57 | 0.79 | 1.05 | 1.27 | 1.53 | 1.75 | 2.01 |
| Camarilla | 1.18 | 1.22 | 1.27 | 1.31 | 1.35 | 1.40 | 1.44 |
| Woodie | 0.59 | 0.80 | 1.07 | 1.28 | 1.55 | 1.76 | 2.03 |
| Fibonacci | 0.79 | 0.97 | 1.09 | 1.27 | 1.45 | 1.57 | 1.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.99 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.74 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.26 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.26 | |
| Zig ZAG (10): | 1.28 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 57.63 | |
| TEMA (21): | 1.29 | |
| Williams %R (14): | -50.85 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.93 |
| MA7: | 1.30 | |
| MA20: | 1.31 | |
| MA50: | 1.17 | |
| MA100: | 1.34 | |
| MAexp7: | 1.29 | |
| MAexp20: | 1.29 | |
| MAexp50: | 1.29 | |
| MAexp100: | 1.30 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | +9.40% | |
| Price / MA100: | -4.48% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -1.54% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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