Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1A. Top 2 Good News for SAND HODLERS !!!

• Metaverse tokens MANA and SAND record double-digit gains as the market sees red
  Statistic as of 2021-11-15 12:20 AM EDT: 35 positive votes, 4 negative votes
  
  (Extracted from Crypto Panic)
  
  

• The Sandbox (SAND) Skyrockets 60% After a $93M Fundraising Round Led by SoftBank
  Statistic as of 2021-11-15 12:20 AM EDT: 5 positive votes, 0 negative vote
  
  The blockchain-based gaming platform, The Sandbox has secured $93 million in the latest round of funding led by SoftBank's Vision Fund 2.
  
  (Extracted from Crypto Panic)

2. How Sandbox Performs Relative to Other Cryptos ?

As of 15 Nov 2021, Sandbox has made a cumulative return of 4575.43% since Jan 2020 and 1116.78%  since Jan 2021. It is currently the 7th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

3. Technical Analysis on Sandbox

3.1. Volume Weighted Average Price (VWAP)

VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when SAND is closed at the end of every single day. 

Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of SAND (blue line) to fall to its average level (orange line).

Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of SAND (blue line) to rise to its average level (orange line).

As of 15 Nov 2021, VWAP is suggesting that SAND has been gaining momentum.

3.2. Moving Average Convergence Divergence (MACD)

MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).

MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of SAND closing price from its 12-day EMA. 
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26). 

As MACD (12, 26) goes higher away from Signal (9), it signifies that SAND is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that SAND is losing momentum. 

As of 15 Nov 2021, MACD is suggesting that SAND has been slowing down after gaining significant momentum earlier on. 

3.3. Bollinger Band

Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:

- SMA (20) (blue line), which is the 20-day simple moving average price of SAND
- Upper Band (orange line), which is computed by adding 2 standard deviations of SAND on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of SAND from SMA (20)
- Close (green line), which is the daily closing price of SAND

Whenever close line (green) touches the lower band (red), it indicates that SAND is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that SAND is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 15 Nov 2021, Bollinger Band is suggesting that SAND is neither overbought nor oversold.

3.4. Relative Strength Index (RSI)

Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that SAND is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that SAND is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 15 Nov 2021, RSI is suggesting that SAND is neither overbought nor oversold.

Based on the technical analysis presented above, quantdoge holds a neutral stance on the short-term price action of SAND, but I could be wrong, hence please make your careful due diligence before making any financial decision. 

4. Sandbox Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Sandbox defined above, SAND seems to trade at a similar risk level on 15 Nov 2021 as compared to 10 days before on 05 Nov 2021, with its biggest pullback being seen at -24.63% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.

5. Price Simulation for Sandbox

How did quantdoge simulation perform vs the actual SAND price movement over the last week ?

Over the last 7 days, SAND has been trading near the median range of quantdoge simulations, indicating that SAND is neither overbought nor oversold, and is trading at a fair value level.

If you like my analysis and articles, please follow me at @quantdoge for daily updates.