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VRAUSDT trade ideas

VRA update - Nice bounce on the dailyWell things look a little less bleak today but we're still not out of trouble. Not too much more to add from yesterdays but I did notice we tagged this parallel channel perfectly twice, which suggests to me we are in a bullish accumulation range and unless we loose it we should just expect more upside, I don't think we'll be rushing to ATH's but the top of the channel lines up pretty well with my previous targets of 0.12. Green across most markets today, so a bit of hopium, I will be keeping a close eye as we start to gain levels, that we don't start loosing them again, keep your eyes on BTC and manage your risk. Have a great day!
Long
by A_Boyism
2
VRA update - epic discountMorning all, hope you had a great weekend. Not gonna lie VRA looks shit but there is some hope, ideally we want to see a bounce here and see the 0.618 retrace hold which would be bullish. We managed to hold the biweekly order block in purple as support on the biweekly close, we want to see that hold and preferably bounce from here. A lot is going to depend on BTC as VRA is highly correlated with BTC as opposed to some Alts and Eth for example that are showing relative strength in this corrective move. We'll see what happens today but I still believe this is an epic discount on VRA and anyone who nabbed it when it hit 0.02 again well done, I missed it. I am pretty cautious now and I am protecting my capital but we'll see how this week goes, fingers crossed we see some bullish price action come in.
Long
by A_Boyism
Verasity, checking for a new entry. Much better this time!Intro: - Verasity (VRA) is a protocol and product layer platform for esports and video entertainment - Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021. - In circulation we have 6 billion coins out of currently 10million possible. - Total market cap is currently around 200 million and still has a lot of room to grow Daily chart: - Price took a hard hit during this flash crash and even shortly retested the 200MA. Currently we are below the yellow line and bull market support band. So a much better entry than last time. - Volume stays relatively stable. - RSI analysis shows that we are in a downtrend and are looking for a bounce back. - Support lines are at 0.038$ and 0.01$. - Resistance lines are at 0.062$ and 0.084$. Expectation: - Now that VRA has cooled off a lot we expect a consolidation phase before we bounce back up again. - End of the year prediction: We will see a 0.2$+ VRA before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
5
VRA UpdateMorning! I think the market is looking ready to make a move back up but we may see a swing lower before so. As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position. Depending where todays candle closes there is the potential to lock in daily bullish divergence on the RSI. We could swing as low as 0.049 which would be a 0.618 Fib retrace which lines up nicely with a tag of the previous high. Good luck, happy trading.
by A_Boyism
VRA, Do Something buddy !As you can see in the chart, VRA is on its long-term uptrend line ( I hope this line is not lost !!! ) . The yellow range has the ability to support the price . Also in the RSI indicator, it has reached its support range . The MACD tells us two things clearly : 1. In the Histogram, we see the weakening of the downtrend ( Positive Divergence ) . 2. We are witnessing the signal and MACD lines approaching each other and I hope that a cross will occur between these two lines in the coming days.
Long
by MrAliG