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
Verasity
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 - 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 daily Head & Shoulders and Adam and Eve remains bullishVRA is showing that all indicators
are bullish...We can not control
black swan events, but even
then, its staying in a bullish
scenario.
CHART AND RSI IS CHARTING
HIDDEN BULLISH DIVERGENCE
Meaning, The price has a higher low
and the RSI has a lower low. which
is very bullish. Zoom in to the chart
for all the details concerning
each indicator i can see.
Verasity (VRA) is Breaking The ChannelVerasity (VRA) is trying to hold on to 50 SMA on this 8 H chart and if Bitcoin cooperates, it might break higher; if not, more downside could be possible. 50 SMA is a very strong indicator which is very hard to break on downside movements but it is a strong support on most bullish movements. Lets see...
VERASITY LONG ZONESPress the Follow Button to see more of my Daily Detailed Analysis across all assets. Also, if you have any questions please do ask them in the comments Section.
For those VERASITY HOLDERS.. These are TECH points for long/shorts. All markets operate the same way technically and rely on the same rules, only the potential volatility and larger swings in price deviate. This is why you must trade such assets SMALL repeatedly or you will be WIPED OUT...
If you are looking to RE long then you will need a dip in price back towards some early support and Lower MA's. These areas form a strong bias to the NORTH side.
Eclipse symbol(s) Denote Exit(s).
VRA updateHey all, been a while since I updated, just been riding it up since the bottom, still long and haven't taken any profit yet.
I'm cautiously optimistic the bottom is in but keeping a close eye on price action in case this does correct, if it does I will be looking for a higher low rather than a move back to the lows.
BTC looks like it wants to go higher to me, if it does VRA should push to the top of the channel 0.048 to 0.05.
We've reclaimed the centre and retested, usually this suggests a move to the top of the channel.
The Daily OB at 0.043 could be a reversal area so be weary of that if we SFP price action to the left.
Still the chance that we pull back here i'll post a new chart if that happens.
Have a good day.
VRA #VRA To The Moon✔🐱🏍Verasity breaks a downward channel and is ready to move upwards. The resistances and goals in front of it are plotted on the chart.In addition to the break of the downtrend, a positive divergence is observed in the indicator, which can confirm the beginning of an uptrend.
I hope you find this analysis useful🌹
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#DYOR
💥VERASITY IS RETRACINGPlease support this idea with a LIKE👍 if you find it useful🥳
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We all know that after an impulsive move, there will always be a retracement or a a correction.
Vra broke out consolidation and rose by 50% from $0.2 to $0.3.
It’s currently resting for another leg up.
If you are late to the vra setup and still want to bag the vra token, buy within $0.23 and $0.27
What do you think?
Share your opinion in the comment section✍️
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💥VRA - READY FOR NEW NEW ATH BY 500% TO $0.10Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
With Bitcoin indicating a start of bull season, we have more than one factor confirming the continuity of the veracity trend.
First, we have there major areas on the trendline serving as support which reversed price to the upside.
Second, price break out of the consolidation.
And lastly, it broke out of the trendline too.
These three factors are major confirmations to long verasity to a new ATH.
What do you think?
Share your opinion in the comment section✍️
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$VRA exactly 6 months ago THIS HAPPENEDYesterday VRA closing buying volume was the highest since the 8th of December.
Have a look at the volume after the 8th very low volume until yesterday 26th Jan 2022.
It was exactly 6 months ago where the same structure occured, where the Volume was very low and on the 26th of July a spike of Buying volume came in, just like yesterday.
VRA has a move upward in 2- 5 days.
Thanks
These charts are based on my opinion of how I read the data put to me.
BTC and Market updateGood morning,
So the bearish scenario has played out off the back off a wider risk off event across all markets due to the US fed turning hawkish, I won’t pretend to fully understand the impacts of rate hikes and the like on markets as it’s all new to me and I’m still learning but from what I have gathered the reaction to what will likely be only a tiny rate increase that will be historically low still, even if there end up being multiple this year seems extreme.
This suggests to me that we should see a decent rally after the Fomc meeting later in the week unless the news that comes from that is negative in which case we could see a much larger sell off but I think this is unlikely.
So looking at the charts we find ourselves back at the same Daily Order Block that price found initial support at after the May dump last year, could we see a similar accumulation setup here, where we eventually swing the prior low at 28k before we see any significant upside again?
It would seem the most likely or to at least tag the bottom of the large range at 30k, this would give a higher low but given that we find ourselves in this range I don’t think it matters that much as what is now very clear is that we are in a sideways market and have been for a year now. A move lower below 28k with reclaim with big volume could confirm a Wyckoff spring that could set this up as a huge re-accumulation range.
Another possibility is that the news from this meeting or the one in March is bullish for investors to risk back on, in which case we could see a god candle to the upside. Most would argue that we need to see a re-accumulation before more upside but what I take from the behaviour of large whale accounts is that they have been accumulating since last June/July. That added with the massive amount of short liquidity could see a capitulation to the upside whilst most are calling for a capitulation to the downside.
Further from that point is I have seen many calling for a large capitulation wick with volume like we saw in May to mark the bottom but my reasoning for why I don’t think we see that is the lack of volume overall and the fact that there isn’t as much retail interest compared to May 2021, this whole downside move hasn’t seen any where near as many liquidations even though we have fallen just as far.
I wouldn’t rule 20k out if markets continue to sell off, especially if we loose 28k but I don’t see that happening based on what I see at the moment.
Indicators
RSI – Oversold on 3D, through to 4HR.
There is hidden bullish divergence right up to the monthly chart between the May low and now.
Still yet to see any Bullish divergence lock in on any significant timeframe at current price levels.
MACD –
4HR oversold and flipping green with MACD crossing the signal line, which suggests to me maybe a little relief or more sideways short term.
All higher time frames are red.
Monthly has flipped red and crossing which definitely makes me cautious as this has signalled longer term downtrends in BTC’s history.
Bollinger bands –
We’re outside the bottom of the bands right up to the weekly suggesting we may be at a temporary support area which there is plenty of confluence to think this is so.
The Monthly is at the centre and holding above, I would like to see that hold. In July 2018 the MACD monthly crossed bearish, and price was at the centre of the Bollinger, once the centre was lost in Oct BTC capitulated another 50%.
Ichimoku –
Looks terrible, I’d recommend not looking at it!
I don’t have a great understanding of it as I only use it for added confluence sometimes but since we have been trending sideways for a year, to me this makes the HTF harder to read because from what I understand Ichimoku is better in trending markets but I’m not sure about that, maybe an Ichimoku trader could clarify?
Alts
Not expecting an alt season anytime soon but a few of the Alts I follow that have shown relative strength are $ATOM $FTM $LUNA $RFOX $VRA
Traditional stocks look like they still have a bit of room to fall, I think support for the S&P500 will be found around 4330 but we’ll just have to wait and see what happens on the open later tonight.
Anyway that’s my noobish 2 cents and a bunch of conjecture but it’s good to get my thoughts out of my head.
Would appreciate any feedback or thoughts of your own 😊
Hope everyone has a good week and we see some green candles sooner than later!
VRA updateEvening,
Hope everyone has survived the dump and is taking it easy.
I have taken a fair beating after falling asleep and missing my exit on the little fake out pump to 0.029 prior to this sell off and haven't had the confidence to risk off.
We're getting a bit of a bounce here off of daily support and I have opened a couple of long positions with stops already in profit so lets see what happens.
Personally I'm waiting to see what comes from the fed meeting next week as positive news should allow for a decent relief rally but who knows. Traditional stocks look like they've got a little more selling to do so we might see more selling through the start of next week. The fed meeting is on the 26th-27th so we'll have an answer Thursday or Friday next week.
For now I'm hoping for a little relief rally but not expecting too much, hopium is that the weekly closes as a nice juicy pin bar back above 0.031 but that's probably asking a bit much. ;)
Good luck, enjoy your weekend.
VERASITY (VRA) HOLDERS WILL BE REWARDED Chart Above has everything you need to know about current price action.
Overall move is a Third-Wave Extension, hence wave 3 being the longest
Best course of action is to DCA, instead of leverage, or wait for bitcoin confirmation.
If you found this helpful, pls leave a like and share you comments below.
Feedback is appreciated.
VRA - Key levels Q1 Q2 2022Morning Verasians,
Not going to make any wild predictions at this point as there isn't much in the way of bullish market structure to do so but I do think we continue to bounce here, I'll be watching each of these levels for a reversal because I do think more downside is possible.
Given VRA's correlation with BTC I'm tracking BTC to find confluence on my VRA trades. If VRA is to remain strongly correlated checkout my BTC Q1 and Q2 thesis to see where VRA might be headed over the first half of the year, I do think it's likely we see more consolidation/accumulation over the first half of the year but who knows, we could be at new ATHs next month.
Rumours of big announcements from the Verasity team in the near future are exciting and could drive price up significantly and reduce VRA's correlation to BTC but in the meantime keep selling reversals and buying dips, or just stake it if you just want to hodl, accumulate as much of this asset as you can.
I'm excited for Verasity's 2022 roadmap to see what the team has planned for the coming year.
Trade the chart not the feels. Take Profit. Manage Risk.