THE SANDBOX - SAND/USD - 1H - Technical analysis published on 12/15/2024 (GMT)
- 149
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.748797 USD
My targets
0.712784 USD (-2.58%)
0.676489 USD (-7.54%)
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 0.748797 USD remains possible. It is advisable to trade THE SANDBOX - SAND/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.748797 USD. The next bearish objective for sellers is set at 0.712784 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.676489 USD. In case of crossing, the next objective would be the support located at 0.623521 USD. PS: if there is a bullish break in the resistance located at 0.748797 USD 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
THE SANDBOX - SAND/USD rating 0.731680 USD. The price registered a decrease of -0.04% on the session and was traded between 0.705199 USD and 0.739195 USD over the period. The price is currently at +3.76% from its lowest and -1.02% from its highest.0.705199
0.739195
0.731680
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of THE SANDBOX - SAND/USD 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.623521 | 0.676489 | 0.712784 | 0.731680 | 0.748797 | 0.792863 | 0.834269 |
| Change (%) | -14.78% | -7.54% | -2.58% | - | +2.34% | +8.36% | +14.02% |
| Change | -0.108159 | -0.055191 | -0.018896 | - | +0.017117 | +0.061183 | +0.102589 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.618943 | 0.665038 | 0.698495 | 0.744590 | 0.778047 | 0.824142 | 0.857599 |
| Camarilla | 0.710074 | 0.717367 | 0.724659 | 0.731951 | 0.739243 | 0.746536 | 0.753828 |
| Woodie | 0.612623 | 0.661879 | 0.692175 | 0.741431 | 0.771727 | 0.820983 | 0.851279 |
| Fibonacci | 0.665038 | 0.695427 | 0.714202 | 0.744590 | 0.774979 | 0.793754 | 0.824142 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.259406 | 0.440730 | 0.586340 | 0.767664 | 0.913274 | 1.094598 | 1.240208 |
| Camarilla | 0.642044 | 0.672013 | 0.701982 | 0.731951 | 0.761920 | 0.791889 | 0.821858 |
| Woodie | 0.241550 | 0.431802 | 0.568484 | 0.758736 | 0.895418 | 1.085670 | 1.222352 |
| Fibonacci | 0.440730 | 0.565619 | 0.642775 | 0.767664 | 0.892553 | 0.969709 | 1.094598 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.340275 | -0.058751 | 0.304973 | 0.586497 | 0.950221 | 1.231745 | 1.595469 |
| Camarilla | 0.491253 | 0.550401 | 0.609548 | 0.668696 | 0.727844 | 0.786992 | 0.846139 |
| Woodie | -0.299176 | -0.038201 | 0.346072 | 0.607047 | 0.991320 | 1.252295 | 1.636568 |
| Fibonacci | -0.058751 | 0.187734 | 0.340013 | 0.586497 | 0.832982 | 0.985261 | 1.231745 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.37 | |
| MACD (12,26,9): | -0.0089 | |
| Directional Movement: | -15.482185 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.717908 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.736095 | |
| Elder Ray (13): | 0.000130 | |
| Super Trend (3,10): | 0.745110 | |
| Zig ZAG (10): | 0.724775 | |
| VORTEX (21): | 0.9239 | |
| Stochastique (14,3,5): | 43.31 | |
| TEMA (21): | 0.716571 | |
| Williams %R (14): | -46.12 | |
| Chande Momentum Oscillator (20): | -0.000259 | |
| Repulse (5,40,3): | 0.3525 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2033 | |
| Courbe Coppock: | 2.20 |
| MA7: | 0.749999 | |
| MA20: | 0.758884 | |
| MA50: | 0.497176 | |
| MA100: | 0.380500 | |
| MAexp7: | 0.722839 | |
| MAexp20: | 0.730999 | |
| MAexp50: | 0.745783 | |
| MAexp100: | 0.760666 | |
| Price / MA7: | -2.44% | |
| Price / MA20: | -3.58% | |
| Price / MA50: | +47.17% | |
| Price / MA100: | +92.29% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -1.89% | |
| Price / MAexp100: | -3.81% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis THE SANDBOX - SAND/USD - 1H