Verasity: Your Altcoin Choice (S2)I will do a new Top Altcoins Choice session next week so if you missed the previous two sessions you can participate in the next one. You can choose any Cryptocurrency project you want and I will publish an analysis for you.
Today we are looking at Verasity (VRAUSDT) on the daily timeframe. It has a standard chart for a Tether (USDT) trading pair.
Volume started to grow in November 2024 and remained high.
Bullish volume is high in relation to bearish volume as VRAUSDT hit a major low. The correction bottom.
High volume was present 10-March and 7-April. Two decisive points and both ended green. A reversal comes next.
There is a downtrend and this downtrend has been compromised, it is no longer safe.
It has been broken and there is an initial bullish breakout, the retrace led to the test of the descending trendline, once resistance, as support. This is classic trend reversal behavior. The first reaction is always corrected into a higher low before additional growth.
This is the start of a major bullish phase. Verasity hit the lowest price since early 2021. There can be growth for months or even years. This is as good as it gets if you are a buyer, prices will not go lower. This is the best time to enter if you are considering a LONG (Bullish) trade.
Thank you for your support, I am wishing you the best.
Namaste.
