VRA may be painting strong double bottomIf you recall, VRA recently broke out from a falling wedge formation but was subsequently rejected after reaching the immediate supply area. As a result, its price has been dropping. However, it has now reached a significant support/demand zone, which has become an important point of interest. We've observed the price bouncing from this zone.
If this upward movement continues, we could potentially see the formation of a strong double bottom pattern. Our plan would be to ride the coin's momentum and closely monitor how the price reacts at the supply area. The chart provides a target for your trading decision.
We would love to hear your thoughts on VRA in the comments section.