VRAUSDT trade ideas
Verasity (VRA) "Falling Wedge"Verasity (VRA) Price Prediction 2022
Verasity (VRA) holds the 500th position on CoinGecko right now. VRA price prediction 2022 is explained below with a daily time frame.
The above chart of Verasity (VRA) laid out a Falling Wedge .In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.ย
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Verasity (VRA) is at $0.00296527. If the pattern continues, the price of VRA might reach the resistance level of $0.00334464, and $0.00473596. If the trend reverses, then the price of VRA may fall to $0.00256085$
Happy Trading
VRA - King of ShitcoinsI won't spend much time analyzing this coin because I know a lot about it (I worked in the TG community management) - some key facts:
95% drop from all time high
Anon "CEO"
"working product" that doesn't work, even if it works nobody would want to use it
When metaverse was a thing, they said they're creating "veraverse"
When NFT's were popping, they said they're creating an NFT marketplace
When nodes were running crazy, they said they're creating "verafier nodes"
When Elon mentioned Twitter bots, they said they have the tech to fix it
Tokenomics are a disaster and the team is constantly dumping on you to fund operations
Axie Infinity botched the working relations with them instantly and without notice (major red flag)
Anon CEO + Cayman Islands registration + all the above = recipe for disaster
Only good thing is the cult-like following it has, so you can make some $ trading it when the cult is fired up and believing the teams lies
VRA coming up behind ADA and SOL... 100% Gain Potential InboundHey everyone!
VRA detaching from the majority of the market with a few others to attempt a new high. I think it can do it, bringing up the rear of ADA and SOL's performances. CAUTION once this target gets high as the weekly will be printing its first bearish divergence, it will be a strong take profit signal at the least where we will then look for hidden bull divergence to print on weekly for some reassurance of consolidation at these lvls and continuation.
I've got a 1:1 ext. on the chart as a potential complex correction pivot target. We will likely see some resistance here, so the pullback will signal the entry if we can get a controlled rejection rather than a harsh one.
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Checkout the related idea below on ADA going to $10 vs Sub $1.
Let me know your bias in the comments below for VRA
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