You Smell That?The turd is smoldering..
Now lets end the month with a bang!
Note: Logarithmic Scale Chart
VARAUSD trade ideas
VARA USD: Bullish Deep Crab PatternVara Network has entered in the PRZ (Potential Reversal Zone) of a bullish deep crab pattern.
Vara has also posted weekly bullish divergence for the first time since the projects existence.
Looking for a 0.50 retracement from the downtrend to reach levels around:
0.0480-0.05
Stoploss: 0.0160
OversoldThere is an inversion on the RSI and price trend. This could signal a reversal in price. However, price could still be in the bottoming out process.
RSI and MACD are in oversold areas looking to move up. Bullish.
The Fixed Volume and fib retracement tools shows resistances on the way up.
Disclamer: This is not financial advise. This is me sharing some observations on Vara. Contact a licensed financial advisor for investing advice.
F U Rally Fake Breakdown to make um panic sell.
Big Rally to make um Cry.
The Lifecycle of Trading Against Dumb Retail
VARA USD Bullish Butterfly VARA Network Bullish Butterfly Completion Zone. (Option 2)
Target Zone:
0.0342-0.0328
Looking for bullish divergence to develop in (Option 1 Zone Bullish Shark) or (Option 2 Zone Bullish Butterfly) for a potential reversal of trend.
The composite man and market makers are reloading before a reversal. This happens time after time!
VARA USD Bullish Shark Completion Zone Vara Network Bullish Shark Completion Zone
Target Zone:
0.04-0.0380
Bullish Inversion on prive vs RSIThe last time Vara was this over sold and had an inversion there were spikes up. June has a smaller inversion on a shorter time span.
There is another inversion happening on a longer time span that is creating a trend lin in the RSI. This time frame spans from last November to june this year.
In about a 2 month timeframe there was a 268% increase in price per Vara. We shall see...
Disclaimer: This is not financial advice. This is me sharing my observation. Trade, invest at your own risk or find your self a licensed financial advisor.
Vara/usd daily Varausd daily is looking good for a long trade.
stoploss below .0676
TP1 Fib 1 (RR1:3)
TP2 Fib 1.618 (RR1:5)
TP3 Fib 2.618 (RR1:8)
Rsi has potentially bottomed on a third touch forming an uptrend.
PA found support at the daily 50 simple moving average.
NFA
Do your own DD
$VARA 2x-6x upside?$VARA has broken out of it's downtrend and has been consolidating on top of it's trend line.
I lean towards a big move higher from here. Once $VARA breaks the $.15 level, we should see continued upside.
I've marked off key resistance levels to the upside, let's see how high we go.
VARAUSD: Bat Pattern/ Inverse Head and ShouldersExpecting The Vara Network to continue the uptrend into the Bat Pattern targets.
Bat Pattern Targets:
0.25-0.30 Cents
We also have a very large Inverse Head and Shoulders pattern.
Inverse head and shoulders target:
0.18-0.20 Cents
Support and consolidation is developing at the 0.09-0.10 cent zone along side the down sloping trend line of the triangle pattern.
Dont make it harder than it should be. Buy on the line, make $$$Now that VARA has retraced 50% and sitting on the bottom of the triangle, here's 3 paths moving forward:
A. Impulsive to the upside (boosted by ETH ETF approval)
B. Sideway and re-accumulation, then move up. (This is more likely to play out)
C. It do go down. This is over. (You wish!! this is a bull market and VARA imo hasnt even started)
At every time price touched this line in the past, there's tons of sellers and whiners and lots of fear, and each time they are rekt, only to buy back in at the top and ride it back down. Understand human nature and buy when everyone thinks it's over, sell you their bag and then you sell it back to them at much higher. Rinse n repeat
If you bought every time price touched this line, you made moneyAs seen on the chart VARA price so far has respected this trendline and it looks like the price is on its way down to touch it again. Thats a 2c drop from where we are at and lets see if we get there. Good area to DCA in is around 9c in case we dont make it all the way there.
The upside potential is massive for this one. DYOR
vara vaves vpdateearly stages of a 5 vave impulse to around 0.26
as long as price stays above 0.88
currently in vave 2
nfa
y axis only
VARA: $0.10 Blackrock's Facility to RWA $10Trillion coming to town and VARA is poised to benefit from ir
Only available in Coinbase and enough to make great rewards as
when it gets listed to others it can rocket beyond Unicorn levels
VARA 0.1420 a $10Trillion dollar platformcoinbase holds a lot of projects which arent available to other countries or access from blacklisted nations
it howevers maintain confidence in sleeping gems to have potential when its time or purpose arrives
this one can be the go to protocol for Blackrock to tokenize assets or migrate legacy deals to the blockchain generation
good luck
VaraUSD: Repeat Inverse Head and Shoulders?Back in Oct-Nov Vara posted a nice Inverse head and shoulders pattern with a price increase of 150-200%.
Vara is showing another inverse head and shoulders pattern on the trendline support indicating a possible reversal zone.
MACD- bullish divergence on the daily.
RSI @ 43
Breakout Success Rate- 85%
Price gain % rate- 50%
Neckline- 0.0750
Target- 0.11-0.12 Cents.
VARA USD: Shark PatternVara posted a nice 6-12 hour bullish divergence into a support zone.
If you check out the weekly candlesticks there is a tweezer bottom indicating a possible reversal of the trend.
RSI @ 43 daily
Shark Pattern Targets
TP 1 0.15-0.17
TP 2 0.19
TP 3 0.25
VARA Bullish MonthVARA Bullish Month
Low marketcap
Chart bottomed
Stoch Rsi = Bullish
Rsi = Neutral > Bullish
Macd = Neutral > Bullish
VARAUSD: UPDATE Shark PatternVara Network:
Accumulation still in progress. Expecting a continuation to the upside for the shark pattern targets (0.15-0.19 cents)
Support has developed around the 20 DAY EMA and golden pocket (0.0830-0.0850 cents)
Additional downside support 50 DAY EMA.
VARA - Reversal Incoming? Today we are looking at VARA!
As of right now VARA has bounced from the 0.06 level strongly and volume has increased a lot since.
I have personally taken an entry at the current price at the time of posting and will be looking forward to it reaching the 0.12 area and possibly going for that last high it had and maybe even surpassing it.
Project Info:
Vara Network is a decentralized network built on top of the Gear Protocol, a next-generation cloud infrastructure platform. It aims to address some of the key challenges facing blockchain technology, such as scalability, security, and decentralization.
Here are some of the key features of Vara Network:
Scalability: Vara Network uses a sharded architecture, which means that the network is divided into multiple partitions, or shards. This allows the network to process more transactions per second than other blockchains.
Security: Vara Network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is considered to be more secure than Proof-of-Work (PoW) consensus mechanisms.
Decentralization: Vara Network is a permissionless network, which means that anyone can join and participate in the network.
Vara Network is still under development, but it has the potential to be a major player in the blockchain space. It is particularly well-suited for gaming applications, as its scalability and low transaction fees make it ideal for processing large numbers of microtransactions.
I also want to add that VARA was first offered on Coinbase which as we all know is an exchange that not any project can get listed easily at such as other exchanges like MEXC or Kucoin.
DYOR, NFA.
Feel free to share your thoughts on VARA and share any charts you might have as well!
VARA/USDTF: 12 Hr
Couple different scenarios for VARA/USD:
1. Price is testing a previous volume area from the last bullish wave to the upside + 0.618 retracement area of that upside move.
2. If price fails here a move to ~$0.064 may occur. Price will need to likely hold this area for continued upside. This area is the previous bullish moves POC + 0.786 retracement level
