VRA/USDT : Possible 300% Rally after a retest on broken zone
Updated
VRAUSDTHello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#VRA has formed a CUP & HANDLE pattern here.
However, There is a bearish divergence on RSI and Volatility is moving in over bought zone, So the retracement is expected.
We can set our bids below the the current broken resistance zone, But you need to caution about a close below the zone !
On other side, VRA/BTC has formed a bullish flag in 6H TF :
As you can see there was a falling wedge which is broken now, Also it just formed a stiff support zone at ( 0.0000007196 - 0.0000006863 ).
There's another support below the bullish flag and I expect a pullback from it on mid-term...
So it's more likely to break the flag from above !
🔴 Have to pay attention on BTC's chart, Once more BTC outperform ALTs, Then most of them will bleed badly !
So you can set your invalidation below the mentioned red light on USDT's chart and for BTC's chart you can set it below the current support zone.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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