VRA
Will Verasity VRA break the important RSI resistance?Will Verasity VRA break the important RSI resistance?
And that by flipping the 2-day MA Ribbon bullish?
Time for decision - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
VRA - $0.2 next followed by $0.12??This is my first time publishing a chart, I've literally only started learning about indicators etc over the last two weeks, so this could be all completely wrong!
VRA clearly in a downtrend going by the trendlines in the chart, with support lines around 0.25 and 0.2 cents, however RSI is approaching 'oversold' territory on the daily meaning it could be an opportunity to pick up a position, in the event of Bitcoin closing the weekly above 52k which i'm not sure how likely is at this point, that could lead to a trend reversal on other coins such as VRA here, with the upside on the Fibonacci 1.618 being 12 cent giving a TP of 500-600% in the next few months.
Please let me know where I've went wrong or if any of that actually makes sense, the more I chart and make mistakes the more I'll learn haha! :D
100x OPPORTUNITY!!About:
Verasity ( VRA ) is a Protocol and Product Layer Platform for Esports and Video Entertainment. Verasity’s mission is to significantly increase engagement and advertising revenues for video publishers on any video platform.
VRA is a platform where you can 'WATCH TO EARN.' When you see the Trophy on the right side of the video turn green, you claim rewards by clicking on the Trophy and creating a Rewards VeraWallet account. VRA earned by viewing videos is paid out immediately!
Sounds cool, right? I'm not done!
VRA Rewards Product Layer is integrated for the following video players;
- YouTube
- Twitch
- Vimeo
- JWPLAYER
- brightcove
- VIDEOJS
- KALTURA
- flowplayer
Chart:
After the recent dumps in the market, there have been great opportunities to buy VRA at a massive discount . Based on the fact that I'm uncertain where the overall market is heading, I bought a portion of VRA and have outlined a couple further buy-zones at cheaper prices (incase we get another dip). For each of these buy-zones, there is a corresponding number for a sell-off point to take some profit (don't sell all the coins you bought, just a percentage).
The overall profit you'll make by following this example, is 4.3X.
For more hidden gems, stay tuned!
Happy trading friends!
VRA near lower line of parallel channel#VRA/USDT
$VRA is a #MVI token (#metaverse). price is in a parallel channel and around the lower line of this channel, holding the lower line can increase price to touch resistance zone that is the same with middle line of channel. in long term price have potential to increase toward upper line of parallel channel around $0.1 and maybe middle line of next channel around $0.14. and I think we can wait to see price at $0.24 in coming years.
if price break down from lower line, long term support zone is around $0.025 and more drop can cause that price touch $0.013 and $0.006.
$VRA in Wave 5 countAs you may know I have a High Target on VRA and yes it has taken its time, but you can never predict time on how fast it will get there with crypto.
But still in play. Patience rewards those who wait!
We are in a wave 5 count and currently have a similar pattern to late September bottom. Currently at the bottom of the Linear Regression channel.
The 6th of December had very large buying Volume.
Verasity, checking for a new entry. Much better this time!Intro:
- Verasity (VRA) is a protocol and product layer platform for esports and video entertainment
- Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021.
- In circulation we have 6 billion coins out of currently 10million possible.
- Total market cap is currently around 200 million and still has a lot of room to grow
Daily chart:
- Price took a hard hit during this flash crash and even shortly retested the 200MA. Currently we are below the yellow line and bull market support band. So a much better entry than last time.
- Volume stays relatively stable.
- RSI analysis shows that we are in a downtrend and are looking for a bounce back.
- Support lines are at 0.038$ and 0.01$.
- Resistance lines are at 0.062$ and 0.084$.
Expectation:
- Now that VRA has cooled off a lot we expect a consolidation phase before we bounce back up again.
- End of the year prediction: We will see a 0.2$+ VRA before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
VRA, Do Something buddy !As you can see in the chart, VRA is on its long-term uptrend line ( I hope this line is not lost !!! ) .
The yellow range has the ability to support the price .
Also in the RSI indicator, it has reached its support range .
The MACD tells us two things clearly :
1. In the Histogram, we see the weakening of the downtrend ( Positive Divergence ) .
2. We are witnessing the signal and MACD lines approaching each other and I hope that a cross will occur between these two lines in the coming days.
VRA/USDT Will it reach 0.11? ☝️☝️☝️☝️The price structure in this pair from monthly time frame to daily time frame is bullish . Remember in this analysis I will not include entries. I will share a zone where price most likely will start the movement to the desire direction.
In Monthly
The price was over extended. When price is over extended we can expect a correction which already happened. If take fibonacci from low to high you can notice that the 0.618 and 0.786 fibonacci level are in good confluence with structure. We could expect the price to make a retracement to this zones.
In weekly
The price is also bullish . The price is currently holding above an important support. Also, if yo measure the current weekly impulse you will notice that the price is holding above the 0.786 fibonacci level.
In Daily
The price is consolidating. We can speculate that the price is creating more liquidity before start the movement to the upside.
In general the price is very bullish but we have to wait for price confirmations to take an entry.
$VRA to $5 by the EOY 😂...The most hilarious thing that I’ve been noticing for the past couple of months, is how the majority has changed their tune on where VRA will end up by the end of the year. It went from $3, $5, $2, $3, $1, and now reality has set in it’s now $.20 or $.50 cents.
Sitting back watching everything unfold, tracking price action, taking in account resistance levels, and using Fibonacci to measure each wavelength. VRA is on track to hit $.20 - $.40 cents by the end of the year. My personal opinion depending on if the cycle ends in the middle of December $VRA could top out around $0.25 - $0.30 cents, really anywhere within the white small rectangle in my opinion.
The most important question is when does this bull run actually end? End of December, February, April, September? All are major possibilities, but if we do extend in to 2022. I’m 100% confident that we will see $1 VRA. December, February, April, and September are all months I would be paying close attention to based on the Fibonacci time zone as the zones usually signify substantial moves within the price action.
As you can see on the chart, and based on the time zones, I have projected where I could see us possibly ending up based upon Elliot wave theory, if we hit .20 - .40 cents by the end of December.
Will we get an explosive month for December? Hmm.. I believe so, but people usually don't take my advice. 🤷♂️
Guess we'll have to wait and see 😎
VRAVRA -
Bollinger Bands tightening
Golden Pocket touch between 0.618-0.66 - confluence with previous ATH - very strong test
Price locked between 7 and 21MA (3Day chart)
LRSI waiting the Chop, Stochastic RSI full reset
If BTC behaves, which I think it will, VRA is ready for a rally, it has spent significant time accumulating after the previous rally.
NFA
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VRA ab=cd pattern#VRAUSDT
$VRA completed the cup and handle pattern and fall back to long term support zone that is between 0.5 and 0.618 fib levels of AB swing high.
it is possible to drop more to touch the lower line of this support zone.
if hold this support then price will head up toward resistance zone, breaking this zone will rise price to $0.122 to complete AB=CD pattern.
breaking down from support zone will drop price to $0.04 and $0.025.