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
VARAUSD trade ideas
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 - 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
VARA Grab For LowsThis may be a little soon yet the Consistent rejection of the recent resistance gives me indication price may want to tap Lows before coming up to this area.
This is an Awareness post.
Not a call out nor signal.
I am currently awaiting price push w/ momentum to confirm either direction.
We know from price recent push, there are buyers in this market.