VARAUSD - Bullish Squeeze - Consolidation Phase ChangingVARA has been trapped in this long bullish squeeze for a very long time and although the timing may differ from what is demonstrated on my chart, this asset is no doubt ready to pop at any moment. If you zoom in or out on any level there are constant tight squeezes, one after another that always result from a breakout, the only one that has not broken out yet is the squeeze that is visible on the higher timeframe. There remains substantial support by way of a massive order wall at around $0.018 with no real resistance until $0.025 of about 6.8 million coins, an amount that is really not substantial. I do realize that there has not been very high demand for this coin but make note of the squeeze and substantial support and technical indicators clearly show a bullish reversal is in the books. The consolidation phase has changed to a point where there is high volatility, high volume, and a massive increase in positive delta spiking. While it does not make sense for demand to spike at this time, aside from the recent, barely known listing of this asset on HitBTC, there are buyers. In this regard I remain long on this asset.
