✴️ Verasity Update | Corrections Are Healthy
If you get straight up and prices grow in a matter of days or weeks what follows is a very long correction.
This is true. Look back to January-February.
We had a very strong bullish wave but the growth was so fast that the correction took 5X as long.
Now a low/support was hit mid-June and instead of a steep rise, we are getting wavy action which is better if we want to sustained growth.
What comes down fast, recovers even faster.
What grows fast, takes an even long time to recover when it crashes.
For Verasity we can see an initial bullish breakout immediately followed by consolidation above support. The support are the blue spaces and lines on this chart. This is good.
If this type of action persist, we can see prices growing for months rather than weeks.
Of course, this can change and if a break and close happens below 0.0038, the short-term bullish bias breaks but mid- and long-term the end goal remains the same.
Patience is key.
✔️ If you are ready to wait for 2 weeks, maybe the wait will take 2 months.
✔️ If you are ready to wait for 1 month patiently, maybe it will take 3-4 months.
So be prepared, because the market will test your patience at every turn.
Keep some key levels in mind and think before you jump.
What would you do if things go wrong?
Quit at a loss or wait patiently until the next high shows up... And it will show up because we are in a long-term growing phase, the Cryptocurrency market is a baby and babies tend to grow.
Namaste.
This is true. Look back to January-February.
We had a very strong bullish wave but the growth was so fast that the correction took 5X as long.
Now a low/support was hit mid-June and instead of a steep rise, we are getting wavy action which is better if we want to sustained growth.
What comes down fast, recovers even faster.
What grows fast, takes an even long time to recover when it crashes.
For Verasity we can see an initial bullish breakout immediately followed by consolidation above support. The support are the blue spaces and lines on this chart. This is good.
If this type of action persist, we can see prices growing for months rather than weeks.
Of course, this can change and if a break and close happens below 0.0038, the short-term bullish bias breaks but mid- and long-term the end goal remains the same.
Patience is key.
✔️ If you are ready to wait for 2 weeks, maybe the wait will take 2 months.
✔️ If you are ready to wait for 1 month patiently, maybe it will take 3-4 months.
So be prepared, because the market will test your patience at every turn.
Keep some key levels in mind and think before you jump.
What would you do if things go wrong?
Quit at a loss or wait patiently until the next high shows up... And it will show up because we are in a long-term growing phase, the Cryptocurrency market is a baby and babies tend to grow.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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