Verasity, checking for a new entry. Currently at ATH, so wait!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 500 million and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently sits at an ATH, so be cautious.
- Volume keeps increasing since August which is bullish and with the trend. It therefore confirms the trend.
- RSI analysis shows that we are within a larger consolidation wedge. The apex still is one month away which could act as a cool off phase.
- Support lines are at 0.05$ and 0.01$.
- Resistance lines are currently nonexistent.
Expectation:
- We expect VRA to cool off and retest the 0.062$ price line. From there we look for a support confirmation which would serve as a good entry point.
- 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.
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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.
Verasity
Next leg on $VRASimilar setup to the last bull flag, if we hold the 4Hr order block expect a break to the upside.
Entries are pin bar off of 4Hr OB or retest of top of the flag.
If we loose the 4Hr OB look for fake outs through the bottom of the flag for next leg up. Long the re-entry with successful retest or higher low inside flag structure.
Manage your risk, good luck.
VRAUSDT - Verasity unstoppable? Marked new ATHKeep an eye on VRA. Might retest the previous ATH and new support at 5 Cents. A successful test could result in a move higher to 8 cents and eventually 12.
- try to get in around 5 cents and watch for a successful retest of the previous resistance, so it turns to a support
- patience is key again -> RSI and MACD need to cool down on a shorter time frame
- given the developments and the gaming hype in this cycle this might be a good call mid-term, and with all the patents (PoV!!!) even long term
T1 0.07 USD 40%
T2 0.08 USD 60%
T3 0.12 USD 150%
T4 0.17 USD 250%
T5 0.20 USD 300%
Cheerios my brothers and sisters, always for entertainment purposes only ...
VRAUSDT next leg targetsThese are my targets for Verasity on it's next leg up.
I'm not sure it will breakout with BTC if BTC goes into price discovery, it may fake out, out of the top of the bull flag and correct as BTC moves if not look for break of top trend line, buying the successful retest would be a safe entry. While Verasity's price holds above the 4hr OB that cuts through the middle of the flag it's definitely bullish, if it starts to close below expect it to move to the bottom of the flag.
Once alt season kicks in I expect Verasity to move pretty quickly if it hasn't with BTC, if price is at the bottom of the flag, I'd be looking for a fake out to the downside with a 4hr close back inside with RSI divergence, a good entry for the next leg, a safer entry would be waiting for a higher low on a lower time frame. Always manage your risk.
I'm pretty bullish on VRA so I expect that it could hit my targets pretty quickly before pushing much higher.
Verasity Cup and Handle updateUpdate on Verasity Cup and Handle. VRA successfully broke the resistance that has now become support. VRA tested support successfully. The first target is around 0.09$. I like to look at charts on a daily timeframe because that’s how I see the bigger picture. The fact that this pattern is based on a daily timeframe is in my view very important because this pattern is one of the most reliable. I think this coin will easily go up to 1.00$ or even more.
Verasity $VRA - Break out confirmed upside- Buy zones filledWe dipped into the buy zone I pointed out in my last analysis and tested the lower resistance.
We have now broken out of our descending triangle to the upside. If this continues we can expect a new pattern to form.
All depends on BTC as always but pattern is appearing bullish.
MG
VRA/BTCVerasity already testing 61.8 fib level the golden ratio in VRA/BTC pair and the golden cross 50 daily MA and 200 daily MA, i expecting a big moves to the upside in a couple days or a couple weeks.
beside that the following token has a big project such as:
"EFC Map veto system," during Q3 2021.
"VeraWallet mobile apps," during Q3 2021.
"Ticketing support for EFC," during Q4 2021.
"Ad Fraud detection with Proof of View," during Q4 2021.
"Esports Fight Club Store Launch (marketplace for gamers)," during Q43 2021.
"View verification Proof of View," during Q4 2021.
$VRA is ready for $0.2 KUCOIN:VRAUSDT maintained a healthy increase over the course of almost two weeks. Looking at the huge increase in volume (for this token at least) it can be foreseen that a dramatic increase in price will occur. This is supported by the fact that the price didn't increase in response to the change of volume, thus referring to accumulation. According to the trend-based Fibonacci analysis combined with an obvious cup and handle formation, $0.2 seems possible soon. If $0.2 is passed, the next stop is $0.50. Of course, this is only possible if BINANCE:BTCUSDT behaves and BINANCE:ETHUSDT continues its balanced growth.