VRABTC | Major breakthrough brings impulse growth waves
Updated
Verasity is a platform thatentirely restructures video economy by transforming the relationships between advertisers, content creators, and consumers. Let's analyze its investment potential
Verasity is extremely bullish according to technical analysis
EMA and SMA (5, 10, 20, 30, 50, 100 and 200) shows a favorable buy state, HMA and VWMA confirms and uptrend. Directional movement indicator shows a large volatility coming which is confirmed by JD%(7, 10). It seems like VRABTC is about to blow and hit new ATH soon. Let's check the mid-term chart to find any confirmations
Studying of a mid-term timeframe chart reveals numerous of confirmations. Let's find them step-by-step
1. The price action entered Inchimoku cloud green span on the 21th of November 2019. Afterwards there was an upward trading gap due to a sharp volume increase. It launched 5 Elliot impulse waves pattern and created Fibonacci retracement levels for further analysis
2. When the 5th wave finished we had an ABC retracement which is natural for such patter combinations. It created a triangle with inner and major resistance and support levels.
3. VRABTC price demonstrated a massive breakthrough the inner resistance and upward movement out side of small triangle. The trend change was confirmed by Major breakthrough and breaking above the large triangle. It confirms the consolidation phase is finished
4. The price action entered Ichimoku cloud green span again today. Moreover the global resistance R1 level was broken exactly with the same 1D trade candle. The growth was about 23.5% and it is a very strong bullish sign.
What about fundamental analysis?
Verasity confidently moves according to its roadmap. You can find YouTube, Twitch, Vimeo, Jwplayer, Brightcove, VideoJS, Kaltura and Flowplayer among their partners now. Recently eBonus.gg has launched videos with VRA rewards. The most important is that VRA was listed on KuCoin exchange about a month ago which is famous for being a starting point of new and most successful coins. It seems many new exchanges will list VRA soon and this certainly will move the price of Verasity token to the Moon
Conclusion:
Verasity is a great project for a long term investment because of solid fundamental basis. It is also great for mid-term and short term trades now because of very positive technical state. Get your bag of VRA and do not miss the opportunity to earn a lot of profit!
Verasity is extremely bullish according to technical analysis
EMA and SMA (5, 10, 20, 30, 50, 100 and 200) shows a favorable buy state, HMA and VWMA confirms and uptrend. Directional movement indicator shows a large volatility coming which is confirmed by JD%(7, 10). It seems like VRABTC is about to blow and hit new ATH soon. Let's check the mid-term chart to find any confirmations
Studying of a mid-term timeframe chart reveals numerous of confirmations. Let's find them step-by-step
1. The price action entered Inchimoku cloud green span on the 21th of November 2019. Afterwards there was an upward trading gap due to a sharp volume increase. It launched 5 Elliot impulse waves pattern and created Fibonacci retracement levels for further analysis
2. When the 5th wave finished we had an ABC retracement which is natural for such patter combinations. It created a triangle with inner and major resistance and support levels.
3. VRABTC price demonstrated a massive breakthrough the inner resistance and upward movement out side of small triangle. The trend change was confirmed by Major breakthrough and breaking above the large triangle. It confirms the consolidation phase is finished
4. The price action entered Ichimoku cloud green span again today. Moreover the global resistance R1 level was broken exactly with the same 1D trade candle. The growth was about 23.5% and it is a very strong bullish sign.
What about fundamental analysis?
Verasity confidently moves according to its roadmap. You can find YouTube, Twitch, Vimeo, Jwplayer, Brightcove, VideoJS, Kaltura and Flowplayer among their partners now. Recently eBonus.gg has launched videos with VRA rewards. The most important is that VRA was listed on KuCoin exchange about a month ago which is famous for being a starting point of new and most successful coins. It seems many new exchanges will list VRA soon and this certainly will move the price of Verasity token to the Moon
Conclusion:
Verasity is a great project for a long term investment because of solid fundamental basis. It is also great for mid-term and short term trades now because of very positive technical state. Get your bag of VRA and do not miss the opportunity to earn a lot of profit!
Trade active
We mentioned that according to fundamental analysis Verasity will expand now and there are going to be new listings soonThe respected global cryptocurrency exchange Bittrex Global has announced that it will list Verasity (VRA), an attention-based platform for content creators, on Thursday, February 13, 2020.
Deposits of VRA tokens will open on February 13 at 2pm UTC/3pm CET, 11 pm KST, with trading of the VRA/BTC pairs opening at 6pm UTC/7 pm CET, 3am KST time (Feb 14 KST time only).
To celebrate this coin listing, Bittrex Global will host an exclusive Verasity AMA on our Bittrex Global Telegram Group. The AMA will be hosted February 13, at 9am UTC/6pm KST
Congrats to the Verasity team and welcome to Bittrex Global!
Trade active
Based on news about Bittrex listing the price of Verasity token sharply went up. It accurately follows our analysis: the price action has entered the red Ichimoku cloud span and touched the resistance of Fib 0.5 making an (A) move - Testing of the resistance. We expect a short-term consolidation decrease to point (B) and subsequent breakthrough to point (C) in few daysTrade active
VRABTC price action touched Fib 0.236 resistance a bit earlier than it was forecasted. Although price moves very close to the drawn Elliott waves. Currently VRA is in natural consolidation process. It gains momentum power to breakthrough resistance level. Current price action provides confirmations that there is still 1 wave left thus a great fundamental news about Bittrex listing enhances the forecast. In the short-term it is possible to reach levels above 0.00000020
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