THE SANDBOX – SAND/USD – 1H – Technical analysis published on 02/02/2023 (GMT)

By February 3, 2023The Sandbox
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Summary of the analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on THE SANDBOX - SAND/USD as long as the price remains well above 0.756301 USD. The buyers' bullish objective is set at 0.777301 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.796730 USD. If there is any crossing, the next objective would be the resistance located at 0.916489 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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.

Additional analysis


THE SANDBOX - SAND/USD rating 0.762974 USD. The price is lower by -0.15% since the last closing with the lowest point at 0.752792 USD and the highest point at 0.780500 USD. The deviation from the price is +1.35% for the low point and -2.25% for the high point.

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

So that you have an overall view of the price change, here is a table showing the variations over several periods:


A technical analysis in 1H of this THE SANDBOX - SAND/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines 0.712752 0.741257 0.756301 0.762974 0.777301 0.796730 0.916489
Change (%) -6.58% -2.85% -0.87% - +1.88% +4.42% +20.12%
Change -0.050222 -0.021717 -0.006673 - +0.014327 +0.033756 +0.153515
Level Major Intermediate Minor - Major Major Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

RSI (14): 61.94
MACD (12,26,9): 0.0105
Directional Movement: 14.774982
AROON (14): -42.857143
DEMA (21): 0.771800
Parabolic SAR (0,02-0,02-0,2): 0.755501
Elder Ray (13): 0.006046
Super Trend (3,10): 0.744149
Zig ZAG (10): 0.767468
VORTEX (21): 1.3225
Stochastique (14,3,5): 58.37
TEMA (21): 0.775447
Williams %R (14): -51.81
Chande Momentum Oscillator (20): -0.001614
Repulse (5,40,3): -0.2080
TRIX (15,9): 0.2261
Courbe Coppock: 3.36
MA7: 0.751671
MA20: 0.741498
MA50: 0.570896
MA100: 0.610502
MAexp7: 0.766594
MAexp20: 0.756426
MAexp50: 0.743713
MAexp100: 0.741898
Price / MA7: +1.50%
Price / MA20: +2.90%
Price / MA50: +33.65%
Price / MA100: +24.97%
Price / MAexp7: -0.47%
Price / MAexp20: +0.87%
Price / MAexp50: +2.59%
Price / MAexp100: +2.84%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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…

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