Long

Updated

VRA trading in a huge Parallel channel

verasity is trading in a huge parallel channel. it respected this channel during the previous run and it looks like it's repeating what it did in the previous run.

Looks pretty good to hodl during the next run.

Trade active

So far it's following the trajectory pretty closely.

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still following the chart. touched the lower trendline. don't want a monthly close beneath this trendline

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posted a more detailed and precise chart

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about to get the first weekly close below the channel. don't want a monthly close below this channel

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news related to tokenomics updates will be released tomorrow. hopefully it'll push the price back into the channel,

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We're back in the channel with a boom.. let's go.
Also, Look at how the current golden pocket resistance is aligning with the high in the fractal.

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Hope yall followed my analysis. still blows my mind how perfectly the price action is following this analysis. Charts give you signals way before news manifests. looking for .008 as the first short-term target. will hodl the rest of the bag till .55

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So far so good. half of the circulating supply is burnt and the majority of the total supply of 90B tokens will be moved off the chain soon. Total token supply which was 110B until last week will be less than 10B.
price is still following the trajectory. will take some profits at .618 level.

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Keep looking at these beautiful bull pennants

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nothing to be worried about. retracements are welcomed. will be alarmed if we lose .78 level

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Just reached the golden pocket zone. Good location for accumulation. need to hold above .786 level.

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Lost the .786 level. close below it means the bottom of the channel can be revisited.

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Nothing new is happening.
We did close above .786 and then had a good bounce(38%) from there.
currently, we're rejecting from the 618 level.
The overall main thesis is still applicable. .55 is the ultimate TP.
will update if something out of the ordinary happens.

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news related to POV tokens came out. had a decent pump but put in a lower high.
golden cross on daily and also, 200 and 100 ema are crossing over. bearish divergences on 4H, and 12H, daily.
I expect a retracement to the Golden Pocket area and then a move above.

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BTC had other ideas. BTC took VRA on a ride along with it. I'm still looking for a retrace to add to my bags.

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Vra is finding resistance at the exact levels that I've mentioned in my previous updates. Retraces are welcome.
will be accumulating more if we visit areas b/w .786 and .65. This area also has confluence with the bull-support band.

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took some time but we finally retraced back. VRA dropped almost to the dollar level that I mentioned in the previous update. bounced +33% from this level.

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THE CHANNEL STILL HOLDS.

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Been a long-time sirs. how yall doing?
we're still in the channel and pushing above. currently there's some resistance above us, break it and it's up only for

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Wait for a close above the trend line.

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ARE WE HAVING FUN YET SIRS?

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THE rocket has been launched.

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team is a bunch of scammers. They were dumping "pov" tokens on us all along. I'm out.

Might trade it here and there but no longer my retirement bag.

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WARNED YOU.

Now I'm in from around 0.006 area.

Advaitamanta

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Advaitamanta