VRAUSDT trade ideas
Verasity VRA Finally Heading North Verasity published this before and still hasn't broken out to my marks but...
Assendung triangle in the 2 day, should at least bump up to the top side Bollinger Band also Top Gaussian Channel, good confluence to .0075 also 200 SMA
if broken, then to the 200 EMA at o.0095, maybe 0.1 cent, but expect a retest of top of triangle make sure it holds or use it as stop loss
can use bottom trend line as stop loss if buy in now
$VRA - I want green zone for long term My plan of attack for Verasity ($VRA)
- retrace to 618 fib
- even if this is a first impulsive wave of a larger 5 wave structure, I'd expect retrace toward green
- green is also a macro break of bearish market structure (dashed line)
- it's a key monthly level as well (solid line)
This could still push higher, I would still look to long green
Invalidated on a weekly break and hold of red above.
Time will tell, I think this is a good area for long term positions I am interest in for this asset.
Cheers
Loading $VRA Bags 🤑Checking out $VRA on the smaller time frames, expecting a slight pullback since it's oversold on pretty much
every TF except the weekly. The weekly is extremely bearish and I'm expecting VRA to eventually
test back to the demand area of of 0.002-0.003 based of its RBD structure, which is also a great area of value
to accumulate more $VRA. Sellers are now in control of the market, and since this is on the weekly. It will
take some time to play out so keep that in mind. but overall, ppl we'll get another chance to buy $VRA
that is relatively cheap, again. Good Luck