VRABTC - Verasity is ready for the second bull runVerasity position has been in high demand since the last analysis which was made on 30th of May 2019. The position brought up to 287.9% profit to our subscribers and many asked when to enter it again. The time has come VRA is great according to technical and fundamental analyses again.
Fundamental analysis:
Verasity.io is a leading video player providing unique Rewarded Video Player Technology to major video publishers across the globe. Their unique player technology is already available to 1.43 million video publishers with 500 million users and over 100 billion monthly views. This brings engagement, audiences, and revenues back to video publisher sites from YouTube. Many rumor events were conducted throughout the month and much more coming soon:
1. Stex exchange listing on the 28th of May
2. Binance chain partnership and listing on Binance Dex on the 24th of June
3. Coinsuper exchange listing on the 19th of June
4. Verawallet updated and new features on the 1st of July
5. VRAB conversion into Binance chain released on the 20th of June
The greatest event which will affect the price of VRA token due to implementation of the previous roadmap steps is a trading competition on Binance Dex which will happen on the 20th of July and will last till the 20th of August. We have a great fundamental background which supports price action.
Technical analysis:
Starting point was analysis of indicators' state. Here we have a price action trend reverse according to Relative Strength Index (14) with a support of neutral Stochastic. Moreover Commodity Channel Index (20) shows a buy state while ADI (14) indicates an upward trend direction. PPO lower points in a correlation with trend reveal hidden bullish divergence, while Momentum (10) power accumulates. The bullish state of the VRA is confirmed by
MACD Level (12, 26), Bull Bear Power and SMA&EMA (5, 10, 20 30, 50, 100 and 200). The key factor of forecasted growth is Ichimoku Cloud Base Line (9, 26, 52, 26) where the green span is at the top and attracts the price action.
Looking at the middle-term 12-hours timeframe chart we can see that after a consolidation according to Fibonacci retracement levels the price hit the support line which was tested 5 times before and moved to the median. Few days later an upward breakthrough has happened and the price went to the upwards blue zone of the Pitchfork. According to indicators the price should start new 5 Elliott impulse growth waves instead of going back to average
Conclusion:
This is a supplementary analysis for middle-term trading which supports our long-term signal for Verasity. VRA coin is recommended for accumulation at Binance Dex, HitBTC and Stex from the current level of 0.0000000600.
Actions-to-take:
Buy VRA between 0.0000000543 and 0.0000000687
Sell targets:
1. 0.0000000824
2. 0.0000001067
3. 0.0000001308
Stop loss:
We do not recommend setting up stop loss because of the long-term continuation of the position
