$VRA eyeing $0.26 🤑🚀🚀On the Daily Time frame a Beautiful Cup and Handle Formation already formed for $VRA.
Our First Breakout Target is $0.088 cents.
Our Second Breakout Target is $0.26 cents .
A good place to take profits would be $0.14. You can honestly take profits at $0.12 as well.
TBH Either of those would be good areas to take profits.
The MACD confirms the Strong bullish momentum.
Volume is increasing which means price action should continue going 🆙
What's crazy...is the best has yet to come, VRA got me rubbing my hands like Birdman!! 😎
VRA
VRA/USDT : Possible 300% Rally after a retest on broken zoneKUCOIN:VRAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#VRA has formed a CUP & HANDLE pattern here.
However, There is a bearish divergence on RSI and Volatility is moving in over bought zone, So the retracement is expected.
We can set our bids below the the current broken resistance zone, But you need to caution about a close below the zone !
On other side, VRA/BTC has formed a bullish flag in 6H TF :
As you can see there was a falling wedge which is broken now, Also it just formed a stiff support zone at ( 0.0000007196 - 0.0000006863 ).
There's another support below the bullish flag and I expect a pullback from it on mid-term...
So it's more likely to break the flag from above !
🔴 Have to pay attention on BTC's chart, Once more BTC outperform ALTs, Then most of them will bleed badly !
So you can set your invalidation below the mentioned red light on USDT's chart and for BTC's chart you can set it below the current support zone.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
VRAUSDT next leg targetsThese are my targets for Verasity on it's next leg up.
I'm not sure it will breakout with BTC if BTC goes into price discovery, it may fake out, out of the top of the bull flag and correct as BTC moves if not look for break of top trend line, buying the successful retest would be a safe entry. While Verasity's price holds above the 4hr OB that cuts through the middle of the flag it's definitely bullish, if it starts to close below expect it to move to the bottom of the flag.
Once alt season kicks in I expect Verasity to move pretty quickly if it hasn't with BTC, if price is at the bottom of the flag, I'd be looking for a fake out to the downside with a 4hr close back inside with RSI divergence, a good entry for the next leg, a safer entry would be waiting for a higher low on a lower time frame. Always manage your risk.
I'm pretty bullish on VRA so I expect that it could hit my targets pretty quickly before pushing much higher.
VRA - Breakout possible! Cup and HandleVRA has shown strong buyer signals recently, and has formed a cup & handle pattern over last several months. It is right now, on the verge of breaking its previous All Time High. If it does this, the cup and handle pattern suggests that:
1) The deepest part of the cup, all the way up to the rim, is the measure for where the asset goes next, starting at the top of the rim. So I drew prices at the top of the rim, going up to the match of the depth of the cup.
This has a good chance of working out, as long as BTC doesn't tank or take off. That is getting harder to ask lately.
Trade - Watch for breakout upwards! This is the buy signal, some wait til candle close, depends how fast it is moving.