VRAUSDT trade ideas
Fantastic entry point for Verasity. 300% to ATH 🐱🏍Verasity (VRA) is a protocol and product layer platform for esports and video entertainment.
Total market cap is around 100 million.
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We did find a strong support around 0.02$.
Currently it looks like we get a W shaped recovery which is one of the more reliable patterns.
The RSI shows a strong healthy rise.
Trading volume is increasing even during the price drop. This is a good sign for an upcoming recovery.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
As a middle cap altcoin VRA heavily depends on the health of Bitcoin and Bitcoin did not break the bull market support band yet.
VRA keeps integrating and developing.
Check their Roadmap for 2022 on their official website.
A 1 billion market cap seems not out of the cards which is a 10x from here.
It could take some weeks but we believe that VRA will rise again.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
VRA descending channel breakout and retest completedVRA/USDT has corrected 82% from its November highs and into a HTF weekly supply to demand flip zone where it has broke out of downtrend resistance and retested with high volume. Its formed a high volume bottom with pin bar on weekly with highest volume on the chart since inception, price has since formed an uptrend on the daily putting in higher highs and higher lows.
Weekly structure is bullish respecting uptrend putting in a new swing high and this could be the formed higher low and the start of a new move to the upside and new leg.
RSI on 3d looks reset as like the last leg up, above the MA with bullish divergences. MACD on weekly converging showing momentum coming into the market.
Great fundamentals on VRA and definitely a good buy here imo
VRA Veracity can break the triangle an reach $0.08 or $0.1There are a bigger triangle breaking, but everything is up to the line of support of the smaller one. If the $0.02 support tail we are seeing a re-test of $0.018 area before breaking up.
If it breaks right now we can see VRA be directed to ATH, possibly by June, with a price around $0.08 or even $0.1 with a max given by the corridor of $0.120.
$VRA the rising is closeHELLO
I intended the drawing to be simple and far from complicated. What is very striking is the rising volume for about a year and two months.
- Also, two ACCUMULTION areas are almost identical in time, and this is evidence that the rise is near.
-There are three possibilities for the path, the most rational of which is blue.
VRAUSDTVra seems very bullish, it already broke it's downtrend, bounced from it's major support level at 0.018 and accumulated for several weeks, now it looks ready to break the itchimoku cloud after bouncing one more time from it's support and breaking the triangle pattern.
Would love to see your comments down below.
Vra short and long term Just read the past btc update it matches the same for the vra chart looking mega bullish for the long run
For the short term it is resting now on a strong support looking for a bounce to 2.5/3 cent area before it continues its last leg down towards 1.2 cent or to break last summer's lows if things gets nasty with bitcoin
VRA - TO FALL TO $0.0185 & RISE TO $0.023Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is a descending triangle pattern. We have price approaching the lower trendline at $0.018 - $0.019 region.
A bounce back from this region will take price to the upper trendline around $0.023.
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$VRA 👀 more downside ahead?An M-Top has formed on the 12-hour time frame for $VRA.
Looks like there could be more downside ahead.
The measured/projected move aligns right with 1.618 on the fibs.
If VRA loses the 0.018 area, 0.015 could come quickly.
Anyways, may peace be the journey, remember don't FOMO and always take profits!