✴️ Deciphering Verasity's Chart (Name Your Altcoin)
For Verasity, I am focusing on the "rising trend line" and "main higher low" for this analysis...
This is the starting point, the baseline.
The "main higher low" leads to a "short-term higher low" that is supported by "high volume".
This is telling us that we can expect prices to continue to rise in the long-term but there is a catch.
This analysis is only valid as long as the orange rising trend line holds.
➖ If VRAUSDT trades above this trend line, we continue to expect higher prices;
➖ If it moves lower, the chart would still be bullish but the short-term bias can change.
Bullish overall.
28-October Fireworks.
Namaste.
This is the starting point, the baseline.
The "main higher low" leads to a "short-term higher low" that is supported by "high volume".
This is telling us that we can expect prices to continue to rise in the long-term but there is a catch.
This analysis is only valid as long as the orange rising trend line holds.
➖ If VRAUSDT trades above this trend line, we continue to expect higher prices;
➖ If it moves lower, the chart would still be bullish but the short-term bias can change.
Bullish overall.
28-October Fireworks.
Namaste.
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