VARAUSD trade ideas
VARA Bullish MonthVARA Bullish Month
Low marketcap
Chart bottomed
Stoch Rsi = Bullish
Rsi = Neutral > Bullish
Macd = Neutral > Bullish
VARAUSD: UPDATE Shark PatternVara Network:
Accumulation still in progress. Expecting a continuation to the upside for the shark pattern targets (0.15-0.19 cents)
Support has developed around the 20 DAY EMA and golden pocket (0.0830-0.0850 cents)
Additional downside support 50 DAY EMA.
VARA - Reversal Incoming? Today we are looking at VARA!
As of right now VARA has bounced from the 0.06 level strongly and volume has increased a lot since.
I have personally taken an entry at the current price at the time of posting and will be looking forward to it reaching the 0.12 area and possibly going for that last high it had and maybe even surpassing it.
Project Info:
Vara Network is a decentralized network built on top of the Gear Protocol, a next-generation cloud infrastructure platform. It aims to address some of the key challenges facing blockchain technology, such as scalability, security, and decentralization.
Here are some of the key features of Vara Network:
Scalability: Vara Network uses a sharded architecture, which means that the network is divided into multiple partitions, or shards. This allows the network to process more transactions per second than other blockchains.
Security: Vara Network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is considered to be more secure than Proof-of-Work (PoW) consensus mechanisms.
Decentralization: Vara Network is a permissionless network, which means that anyone can join and participate in the network.
Vara Network is still under development, but it has the potential to be a major player in the blockchain space. It is particularly well-suited for gaming applications, as its scalability and low transaction fees make it ideal for processing large numbers of microtransactions.
I also want to add that VARA was first offered on Coinbase which as we all know is an exchange that not any project can get listed easily at such as other exchanges like MEXC or Kucoin.
DYOR, NFA.
Feel free to share your thoughts on VARA and share any charts you might have as well!
VARA/USDTF: 12 Hr
Couple different scenarios for VARA/USD:
1. Price is testing a previous volume area from the last bullish wave to the upside + 0.618 retracement area of that upside move.
2. If price fails here a move to ~$0.064 may occur. Price will need to likely hold this area for continued upside. This area is the previous bullish moves POC + 0.786 retracement level
VARA Grab For LowsThis may be a little soon yet the Consistent rejection of the recent resistance gives me indication price may want to tap Lows before coming up to this area.
This is an Awareness post.
Not a call out nor signal.
I am currently awaiting price push w/ momentum to confirm either direction.
We know from price recent push, there are buyers in this market.
$VARA making a swing bullish. $VARA might be making a swing up for some bullish action. This is NOT a double bottom pattern. But it is acting like it wants to move touching this fib twice. Watch and see..
